{"id":430929,"date":"2022-07-19T00:32:40","date_gmt":"2022-07-19T07:32:40","guid":{"rendered":"https:\/\/nai500.com\/?p=430929"},"modified":"2022-07-19T00:32:40","modified_gmt":"2022-07-19T07:32:40","slug":"%e5%b9%b3%e5%9d%87%e8%82%a1%e6%81%af%e7%8e%87%e8%b6%854%ef%bc%8c%e7%b2%be%e9%80%893%e5%8f%aa%e7%be%8e%e5%9b%bd%e5%9f%ba%e5%bb%ba%e8%82%a1","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2022\/07\/%e5%b9%b3%e5%9d%87%e8%82%a1%e6%81%af%e7%8e%87%e8%b6%854%ef%bc%8c%e7%b2%be%e9%80%893%e5%8f%aa%e7%be%8e%e5%9b%bd%e5%9f%ba%e5%bb%ba%e8%82%a1\/","title":{"rendered":"\u5e73\u5747\u80a1\u606f\u7387\u8d854%\uff0c\u7cbe\u90093\u53ea\u7f8e\u56fd\u57fa\u5efa\u80a1"},"content":{"rendered":"

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\u5728\u7f8e\u56fd\u57fa\u5efa\u80a1\u5f53\u4e2d\uff0cBrookfield Infrastructure Corp\uff08NYSE:BIPC\uff09<\/a>\u3001Kinder Morgan Inc\uff08NYSE:KMI\uff09<\/a>\u4ee5\u53caHubbell Inc\uff08NYSE:HUB.B\uff09<\/a>\u8fd93\u53ea\u80a1\u7968\u8131\u9896\u800c\u51fa\u3002<\/p>\n

Brookfield\u589e\u52a0\u4f60\u7684\u88ab\u52a8\u6536\u5165\u6d41<\/h2>\n

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Brookfield Infrastructure\u7684\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\u5305\u542b\u4f46\u4e0d\u9650\u4e8e\u5929\u7136\u6c14\u7ba1\u9053\u548c\u5b58\u50a8\u3001\u6570\u636e\u4e2d\u5fc3\u3001\u6536\u8d39\u516c\u8def\u4ee5\u53ca\u7535\u529b\u4f20\u8f93\uff0c\u8d44\u4ea7\u8986\u76d6\u5305\u62ec\u5357\u5317\u7f8e\u6d32\u3001\u6b27\u6d32\u4ee5\u53ca\u4e9a\u592a\u7b49\u4e16\u754c\u5404\u5730\u3002\u591a\u5143\u5316\u964d\u4f4e\u4e86\u5355\u4e00\u5e02\u573a\u7684\u98ce\u9669\uff0c\u4f46\u6295\u8d44\u8005\u76ee\u524d\u66f4\u5173\u5fc3\u7684\u53ef\u80fd\u662f\u52a0\u606f\u5bf9\u8be5\u516c\u53f8\u7684\u5f71\u54cd\u3002\u6240\u5e78\u7684\u662f\uff0c\u8be5\u516c\u53f890%\u7684\u8d1f\u503a\u90fd\u662f\u56fa\u5b9a\u5229\u7387\uff0c\u540c\u65f6\u4fdd\u6301\u6295\u8d44\u7ea7\u7684\u516c\u53f8\u8bc4\u7ea7\uff08\u6807\u51c6\u666e\u5c14BBB+\uff09\u3002<\/p>\n

\u867d\u7136\u672a\u6765\u4e0d\u53ef\u786e\u77e5\uff0c\u4f46Brookfield Infrastructure\u7684\u5206\u7ea2\u5374\u8ba9\u6295\u8d44\u8005\u5f88\u662f\u653e\u5fc3\u3002\u5982\u679c\u7ba1\u7406\u5c42\u6309\u8ba1\u5212\u57282022\u5e74\u5411\u4efd\u989d\u6301\u6709\u4eba\u63d0\u4f9b\u6bcf\u4efd\u989d$2.16\u7684\u7ea2\u5229\uff0c\u8fd9\u610f\u5473\u77402009\u5e74\u4ee5\u6765\u8be5\u7ea2\u5229\u7684\u5e74\u590d\u5408\u589e\u957f\u7387\uff08CAGR\uff09\u7ea6\u4e3a10%\u3002\u5c55\u671b\u672a\u6765\uff0c\u7ba1\u7406\u5c42\u5c06\u6bcf\u5e74\u7684\u5206\u7ea2\u589e\u901f\u76ee\u6807\u8bbe\u5b9a\u57285%\u81f39%\u4e4b\u95f4\u3002\u57fa\u4e8e12%-15%\u7684\u6295\u5165\u8d44\u672c\u56de\u62a5\u7387\uff08ROIC\uff09\u9884\u671f\uff0c\u8fd9\u4e00\u5206\u7ea2\u589e\u957f\u76ee\u6807\u8fd8\u662f\u53ef\u5b9e\u73b0\u7684\u3002<\/p>\n

Kinder Morgan\u8fde\u63a5\u4e86\u7f8e\u56fd\u6cb9\u6c14\u884c\u4e1a\u7684\u4e0a\u4e0b\u6e38<\/h2>\n

Kinder Morgan\u662f\u5317\u7f8e\u6cb9\u6c14\u884c\u4e1a\u6700\u5927\u7684\u4e2d\u6e38\u516c\u53f8\u4e4b\u4e00\uff0c\u8be5\u516c\u53f8\u901a\u8fc7\u5e9e\u5927\u7684\u7ba1\u9053\u7f51\u7edc\u6253\u901a\u4e86\u751f\u4ea7\u3001\u52a0\u5de5\u4e0e\u7ec8\u7aef\u7528\u6237\u4e4b\u95f4\u7684\u94fe\u6761\uff0c\u88ab\u8a89\u4e3a\u80fd\u6e90\u884c\u4e1a\u7684\u9ad8\u901f\u516c\u8def\u3002\u8fd9\u7c7b\u516c\u53f8\u7b7e\u7f72\u8d44\u4ea7\u7684\u957f\u671f\u5408\u540c\uff0c\u56e0\u6b64\u53d7\u5e02\u573a\u6ce2\u52a8\u7684\u5f71\u54cd\u8f83\u5c0f\u3002\u8be5\u516c\u53f8\u6700\u65b0\u7684\u6295\u8d44\u9879\u76ee\u5305\u62ec\u8fde\u63a5\u4e8c\u53e0\u7eaa\u76c6\u5730\u81f3\u58a8\u897f\u54e5\u6e7e\u7684\u5929\u7136\u6c14\u7ba1\u9053\uff0c\u5929\u7136\u6c14\u88ab\u52a0\u5de5\u3001\u51b7\u5374\u548c\u538b\u7f29\u540e\u4ee5\u6db2\u5316\u5929\u7136\u6c14\uff08LNG\uff09\u7684\u5f62\u5f0f\u8fd0\u5f80\u6d77\u5916\u4e70\u5bb6\u3002<\/p>\n

\u6700\u8fd1\u6cb9\u4ef7\u4ef7\u683c\u5927\u8dcc\uff0cKinder Morgan\u7684\u80a1\u4ef7\u6700\u8fd1\u8f83\u5176\u9ad8\u70b9\u4e5f\u4e0b\u8dcc\u8fd120%\u3002\u4e0d\u8fc7\uff0c\u8be5\u80a1\u7684\u957f\u7ebf\u6295\u8d44\u903b\u8f91\u4f9d\u7136\u5b58\u5728\u3002\u8be5\u516c\u53f8\u6269\u5145\u57fa\u7840\u8bbe\u65bd\u4ee5\u53ca\u7b7e\u7f72\u66f4\u591a\u5408\u540c\u7684\u7a7a\u95f4\u5f88\u5927\uff0c\u73b0\u91d1\u6d41\u548c\u80a1\u606f\u589e\u957f\u6f5c\u529b\u5de8\u5927\u3002\u6b64\u5916\uff0c\u516c\u53f8\u8d44\u4ea7\u8d1f\u503a\u8868\u975e\u5e38\u7a33\u5065\uff0c\u53ef\u4ee5\u52a8\u7528\u5269\u4f59\u7684\u73b0\u91d1\u507f\u8fd8\u8d1f\u503a\u3002\u8be5\u80fd\u6e90\u80a1\u80a1\u606f\u7387\u9ad8\u8fbe6.7%\uff0c\u662f\u4e00\u53ea\u591a\u5143\u5316\u7684\u4f4e\u98ce\u9669\u6536\u76ca\u80a1\u3002<\/p>\n

Hubbell\uff0c\u957f\u671f\u6f5c\u529b\u5de8\u5927\u7684\u5c0f\u5e02\u503c\u80a1\u7968<\/h2>\n

2022\u5e74\u4ee5\u6765\uff0c\u4e1a\u7ee9\u9884\u671f\u4e0a\u8c03\u7684\u5de5\u4e1a\u516c\u53f8\u4e0d\u591a\uff0c\u800cHubbell\u5c31\u662f\u5176\u4e2d\u4e4b\u4e00\u3002\u516c\u53f8\u7ba1\u7406\u5c42\u5e74\u521d\u9884\u8ba1\u5185\u751f\u6027\u9500\u552e\u989d\u589e\u901f\u4e3a8%-10%\uff0c\u8c03\u6574\u540e\u7a00\u91ca\u6bcf\u80a1\u6536\u76ca\u4e3a$8.75\u2013$9.25\uff0c\u4f46\u57284\u6708\u5e95\u7684\u4e00\u5b63\u5ea6\u8d22\u62a5\u7535\u8bdd\u4f1a\u8bae\u671f\u95f4\u5206\u522b\u4e0a\u8c03\u81f311%-13%\u548c$9-$9.40\u3002<\/p>\n

\u6b64\u5916\uff0c\u57286\u6708\u521d\u4e3e\u884c\u7684\u6295\u8d44\u8005\u89c1\u9762\u4f1a\u5f53\u4e2d\uff0c\u7ba1\u7406\u5c42\u9884\u4f30\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u5c06\u5728\u9884\u6d4b\u533a\u95f4\u7684\u4e0a\u534a\u90e8\u3002\u6b64\u5916\uff0c\u5185\u751f\u6536\u5165\u589e\u901f\u4ece\u4f4e\u7b49\u4e2a\u4f4d\u6570\u63d0\u9ad8\u81f3\u4e2d\u7b49\u4e2a\u4f4d\u6570\uff0c\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u589e\u901f\u5c06\u7ef4\u6301\u5728\u53cc\u4f4d\u6570\u76f4\u81f32025\u5e74\u3002<\/p>\n

\u8fd9\u4e9b\u90fd\u51f8\u663e\u4e86Hubbell\u7ec8\u7aef\u5e02\u573a\u7684\u575a\u633a\u3002\u8be5\u516c\u53f8\u751f\u4ea7\u7535\u529b\u8bbe\u5907\u3001\u8ba1\u91cf\u5668\u3001\u8fde\u63a5\u4ea7\u54c1\u4ee5\u53ca\u7167\u660e\u7528\u54c1\uff0c\u9500\u552e\u989d\u7684\u5927\u7ea656%\u6765\u81ea\u516c\u7528\u4e8b\u4e1a\u5e02\u573a\uff08\u4e3b\u8981\u662f\u8f93\u914d\u7535\uff09\uff0c\u53e6\u591644%\u6765\u81ea\u7535\u529b\u89e3\u51b3\u65b9\u6848\u3002\u7f8e\u56fd\u7535\u7f51\u6b63\u5728\u8001\u5316\uff0c\u57fa\u7840\u8bbe\u65bd\u9700\u8981\u66f4\u66ff\u3002\u7ecf\u6d4e\u7535\u6c14\u5316\u7684\u8d8b\u52bf\u9884\u793a\u7740Hubbell\u89e3\u51b3\u65b9\u6848\u957f\u671f\u7684\u9700\u6c42\u8d8b\u52bf\u5c06\u975e\u5e38\u5f3a\u52b2\u3002<\/p>\n

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