交通运输行业：航空最差底部已确认，5月快递业务量增速达40%

[Table_MainInfo] [Table_Title] / 540% [Table_Summary] 5243653.6%414.9pct640%70%38.55%4.35/ 540%640%5344.273.5%7339.6%81031.0%640% 1.+ 2.3.REITs [Table_CompanyFinance] EPS PE 2019A 2020E 2021E 2019A 2020E 2021E 50.38 1.31 1.38 1.69 38.46 36.51 29.8 14.68 0.53 0.60 0.67 27.70 24.47 21.9 18.61 0.92 1.02 1.11 20.23 18.25 16.8 36.26 1.19 1.27 1.44 30.47 28.55 25.2 6.57 0.09 0.80 0.75 73.00 8.20 8.80 5.85 0.41 0.70 0.58 14.30 8.40 10.10 6.96 0.92 0.79 0.93 7.60 8.80 7.50 6.42 0.24 0.19 0.26 26.75 33.79 24.69 5.67 0.49 0.67 0.70 11.57 8.46 8.10 [Table_Invest] [Table_PicQuote] -18%-11%-4%3%10%2019/52019/62019/72019/82019/92019/102019/112019/122020/12020/22020/32020/4 [Table_Trend] % 1M 3M 12M -1.46% -8.70% -14.77% -1.06% -0.85% -19.55% [Table_IndustryMarket] 117 23202 16277 11.69 1.13 27738 1392 % 55.72 [Table_Report] 3 2020-04-19 VLCC 2020-03-19 2020-03-12 2020-03-10 [Table_Author] S0550515110002 (021)20363212 quyz@nesc.cn S0550119080042 (021)20361226 yangzhenhua@nesc.cn 2020-06-08 2 / 17[Table_PageTop] 1. ............................................................................................. 42. ....................................................................... 42.1.——20202035.........................................42.1.1....................................................................................................................... 42.1.2.............................................................................................................................. 42.2.——540%640% ............................42.2.1....................................................................................................................... 42.2.2.............................................................................................................................. 52.3.——............................................52.3.1....................................................................................................................... 52.3.2.............................................................................................................................. 52.4.——VLCC ....................................................52.4.1....................................................................................................................... 52.4.2.............................................................................................................................. 63. ......................................................................................... 63.1.............................................................63.2.64. ...................................................................................... 74.1.................................................................................................................................74.2........................