Morgan Stanley: Focus on supply-side opportunities in the aviation, shipping, and express delivery industries, urging to "overweight" three major airline stocks
Morgan Stanley released a research report focusing on supply-side opportunities in the aviation, shipping, and express delivery industries, believing that market opportunities outweigh risks. It assigned an "Overweight" rating to Air China, China Eastern Airlines, China Southern Airlines, and Spring Airlines, with target prices of HKD 8.11, HKD 4.31, RMB 5.33, and RMB 62.4, respectively. In the shipping sector, it maintained a "Underweight" rating for COSCO Shipping Holdings and Orient Overseas, while giving an "Overweight" rating to COSCO SHIPPING Energy and China Merchants Energy Shipping. In the express delivery industry, it expects ZTO Express and YTO to gain more market share, assigning an "Overweight" rating
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