Pre-market trend | Sichuan Express (107.HK) quietly strengthened on 5/14, is high-yield highway stocks welcoming a capital inflow?

Yesterday, Sichuan Express triggered a daily MACD golden cross signal above the zero axis in the Hong Kong stock market, with a trading volume of approximately HKD 24.29 million. Although the absolute trading volume is not large, it is considered a relatively high level for this low-volatility, high-dividend stock. The MACD golden cross appearing above the zero axis indicates that the medium-term bullish pattern continues to strengthen, with moderate but sustained buying power in the market. As a highway operator, the stock has historically shown stable performance, and the recent rise in both volume and price is relatively rare among similar stocks, making it noteworthy. On the news front, high-dividend assets continue to attract capital in the current macro environment. The new chairman of the Federal Reserve, Christopher Waller, faces inflationary pressures, and the market expects U.S. Treasury yields to remain high for an extended period, which increases the relative attractiveness of stable dividend-paying utilities and infrastructure assets. Domestically, transportation data continues to improve, and the Ministry of Commerce's disclosure of a 14.9% growth in foreign trade indirectly reflects strong logistics demand, with highway transport volume steadily increasing. The high-yield sector in the Hong Kong stock market has recently attracted attention from southbound funds, with a growing preference for certainty in returns among allocation-type funds. From a technical perspective, the moving average system of Sichuan Express shows a slow upward trend, with a clear bullish arrangement. Currently, attention is focused on whether the trading volume can maintain above HKD 20 million; if the volume supports it, the trend is likely to continue. However, the stock's daily volatility is limited, and even with bullish technical signals, significant upward movement should not be expected, making it more suitable as a reference for medium-term trends. The short-term trend reference is bullish, with high-yield logic combined with confirmed technical signals, showing steady performance but limited elasticity