Huatai Securities: Increase Allocation to Low-Crowded, Low-Oil-Sensitive Infrastructure Sub-Sectors in Transportation and Logistics Sector

MetaMuskRat · 2026-03-24T09:44:07+00:00

Huatai Securities research report points out that Middle East geopolitical risks have led to elevated oil prices, global stagflation concerns have intensified, and market risk appetite has declined. The report recommends increasing allocation to infrastructure sub-sectors, given their low position concentration, strong earnings resilience, and notable safe-haven advantages, ranking as follows: railways > highways > ports > airports.

MetaMuskRat

2026-03-24 09:44:07

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People’s Financial News, March 24 — Huatai Securities research report suggests that ongoing Middle East geopolitical risks and high oil prices are intensifying global stagflation concerns, leading to a further decline in market risk appetite. Against this macro backdrop, the report adjusts the recommended order for the transportation sector, suggesting increased allocation to infrastructure sub-sectors: 1) The current holdings in this sector are relatively low, with low trading congestion, providing significant room for reallocation of funds; 2) Infrastructure mainly relies on domestic demand, with strong profit resilience, lower sensitivity to oil price fluctuations, and prominent hedging advantages; 3) Dividend yields are relatively high. Based on portfolio concentration, oil price sensitivity, and high dividend yield, the ranking for infrastructure sub-sectors is: Railways > Highways > Ports > Airports.

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