{"id":575906,"date":"2025-05-15T20:34:51","date_gmt":"2025-05-16T03:34:51","guid":{"rendered":"https:\/\/nai500.com\/?p=575906"},"modified":"2025-05-15T20:39:02","modified_gmt":"2025-05-16T03:39:02","slug":"%e4%b8%89%e5%8f%aa-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e8%93%9d%e7%ad%b9-%e8%82%a1%e6%81%af%e8%82%a1-%e4%bb%bb%e4%bd%95-%e6%8a%95%e8%b5%84-%e7%bb%84%e5%90%88","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/05\/%e4%b8%89%e5%8f%aa-%e5%8a%a0%e6%8b%bf%e5%a4%a7-%e8%93%9d%e7%ad%b9-%e8%82%a1%e6%81%af%e8%82%a1-%e4%bb%bb%e4%bd%95-%e6%8a%95%e8%b5%84-%e7%bb%84%e5%90%88\/","title":{"rendered":"\u8fd9\u4e09\u53ea\u52a0\u62ff\u5927\u84dd\u7b79\u80a1\u606f\u80a1\u9002\u5408\u52a0\u5165\u4efb\u4f55\u6295\u8d44\u7ec4\u5408\u4e2d"},"content":{"rendered":"

\u84dd\u7b79\u80a1\u606f\u80a1\u51ed\u501f\u200c\u7a33\u5b9a\u6536\u76ca\u57fa\u7840\u200c\u4e0e\u200c\u957f\u671f\u80a1\u606f\u589e\u957f\u80fd\u529b\u200c\uff0c\u6210\u4e3a\u52a0\u62ff\u5927\u4eba\u88ab\u52a8\u6536\u5165\u6295\u8d44\u7ec4\u5408\u7684\u6838\u5fc3\u914d\u7f6e\u3002\u8fd9\u7c7b\u4f01\u4e1a\u901a\u5e38\u5177\u5907\u4ee5\u4e0b\u7279\u5f81\uff1a\u200c\u884c\u4e1a\u9f99\u5934\u5730\u4f4d\u200c\uff0c\u4e1a\u52a1\u8986\u76d6\u521a\u9700\u9886\u57df\uff08\u5982\u96f6\u552e\u3001\u516c\u7528\u4e8b\u4e1a\uff09\uff0c\u6297\u8870\u9000\u5c5e\u6027\u5f3a\uff1b\u200c\u8d22\u52a1\u7a33\u5065\u6027\u200c\uff0c\u9ad8\u73b0\u91d1\u6d41\u652f\u6491\u6301\u7eed\u6d3e\u606f\uff0c\u80a1\u606f\u652f\u4ed8\u7387\u5e38\u5e74\u4f4e\u4e8e\u76c8\u5229\u6c34\u5e73\uff0c\u4ee5\u53ca\u200c\u80a1\u606f\u589e\u957f\u8bb0\u5f55\u200c\uff1a\u81f3\u5c11\u8fde\u7eed5\u5e74\u4e0a\u8c03\u80a1\u606f\uff0c\u4f53\u73b0\u7ba1\u7406\u5c42\u5bf9\u76c8\u5229\u524d\u666f\u7684\u4fe1\u5fc3\u3002<\/p>\n

\u5728\u591a\u4f26\u591a\u8bc1\u5238\u4ea4\u6613\u6240\uff0c\u4e0b\u9762\u8fd9\u4e09\u53ea\u80a1\u7968\u662f\u84dd\u7b79\u80a1\u606f\u80a1\u7968\u4e2d\u7684\u4f7c\u4f7c\u8005\u3002<\/p>\n

Enbridge<\/b><\/strong><\/h2>\n

Enbridge<\/b><\/strong>\u00a0(TSX:ENB<\/a>)\u5177\u5907\u200c70\u5e74\u8fde\u7eed\u6d3e\u606f\u5386\u53f2\u200c\uff0c\u4e14\u8fc7\u53bb30\u5e74\u6301\u7eed\u4e0a\u8c03\u80a1\u606f\uff0c\u5f53\u524d\u80a1\u606f\u6536\u76ca\u7387\u7ea6\u4e3a\u200c6%\u200c\uff0c\u6d3e\u606f\u7387\u7ef4\u6301\u5728\u53ef\u5206\u914d\u73b0\u91d1\u6d41\uff08DCF\uff09\u7684\u200c60-70%\u200c\uff0c\u5177\u5907\u53ef\u6301\u7eed\u6027\u3002\u8be5\u516c\u53f8\u7684\u200c\u80fd\u6e90\u8fd0\u8f93\u7f51\u7edc\u5177\u6709\u5784\u65ad\u6027\u200c\uff0c\u8986\u76d6\u5317\u7f8e\u5173\u952e\u6cb9\u6c14\u7ba1\u9053\u57fa\u7840\u8bbe\u65bd\uff0c\u957f\u671f\u5408\u540c\u5360\u6bd4\u8d8595%\uff0c\u4fdd\u969c\u4e86\u7a33\u5b9a\u6536\u5165\uff0c\u800c\u4e1480%\u7684\u73b0\u91d1\u6d41\u6e90\u4e8e\u8d39\u7387\u6302\u94a9\u534f\u8bae\uff0c\u6709\u6548\u9694\u79bb\u5927\u5b97\u5546\u54c1\u4ef7\u683c\u6ce2\u52a8\u98ce\u9669\u3002<\/p>\n

Enbridge\u8fd8\u5728\u53ef\u518d\u751f\u80fd\u6e90\u8fdb\u884c\u6218\u7565\u5e03\u5c40\u200c\uff0c\u6295\u8d44\u6d77\u4e0a\u98ce\u7535\u4e0e\u6c22\u80fd\u57fa\u7840\u8bbe\u65bd\uff0c\u9884\u8ba12025\u5e74\u7eff\u8272\u4e1a\u52a1\u8d21\u732e\u73b0\u91d1\u6d41\u5360\u6bd4\u63d0\u5347\u81f315%\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u200c\u901a\u8fc7\u6536\u8d2d\u8865\u5145\u5929\u7136\u6c14\u5206\u9500\u7f51\u7edc\uff0c\u8be5\u516c\u53f8\u6b63\u5728\u5f3a\u5316\u516c\u7528\u4e8b\u4e1a\u8d44\u4ea7\u7ec4\u5408\u7684\u534f\u540c\u6548\u5e94\u3002\u503c\u5f97\u6307\u51fa\u7684\u662f\uff0c\u8be5\u516c\u53f8\u503a\u52a1\/EBITDA\u6bd4\u7387\u964d\u81f34.2\u500d\uff0c\u4f4e\u4e8e\u884c\u4e1a\u5747\u503c\uff085.0\u500d\uff09\uff0c\u51f8\u663e\u4f30\u503c\u5438\u5f15\u529b\u3002<\/p>\n

Fortis<\/b><\/strong><\/h2>\n

Fortis<\/b><\/strong>\u00a0(TSX:FTS<\/a>)\u662f\u53ef\u4ee5\u52a0\u5165\u4efb\u4f55\u6295\u8d44\u7ec4\u5408\u4e2d\u7684\u4e00\u53ea\u52a0\u62ff\u5927\u84dd\u7b79\u80a1\u3002\u8be5\u516c\u53f8\u7ecf\u8425\u9632\u5fa1\u6027\u4e1a\u52a1\uff0c\u5176\u200c\u53d7\u76d1\u7ba1\u8d44\u4ea7\u7ec4\u5408\u200c\uff08\u5360\u6bd4\u8d8590%\uff09\u901a\u8fc7\u653f\u5e9c\u5b9a\u4ef7\u673a\u5236\u9501\u5b9a\u7a33\u5b9a\u73b0\u91d1\u6d41\uff0c\u5b63\u5ea6\u8425\u6536\u6ce2\u52a8\u7387\u4f4e\u4e8e\u884c\u4e1a\u5747\u503c40%\u3002\u503c\u5f97\u6307\u51fa\u7684\u662f\uff0cFortis\u5df2\u7ecf\u5b9e\u73b0\u200c\u8fde\u7eed51\u5e74\u80a1\u606f\u589e\u957f\u200c\uff0c\u5f53\u524d\u80a1\u606f\u6536\u76ca\u7387\u4e3a4.2%\uff0c\u6d3e\u606f\u7387\u7ef4\u6301\u5728\u51c0\u5229\u6da6\u768465%-75%\u5b89\u5168\u533a\u95f4\u3002<\/p>\n

\u7ba1\u7406\u5c42\u6b63\u5728\u6267\u884c\u4e00\u9879\u200c260\u4ebf\u52a0\u5143\u7684\u4e94\u5e74\u8d44\u672c\u8ba1\u5212\u200c\uff082025-2029\u5e74\uff09\uff0c\u91cd\u70b9\u5347\u7ea7\u7535\u7f51\u57fa\u7840\u8bbe\u65bd\u4e0e\u65b0\u80fd\u6e90\u5e76\u7f51\u7cfb\u7edf\uff0c\u63a8\u52a8\u8d39\u7387\u57fa\u7840\u4ee5\u5e74\u590d\u5408\u589e\u957f\u73876.5%\u7684\u901f\u5ea6\u6269\u5f20\u3002\u7ba1\u7406\u5c42\u9884\u8ba1\uff0cFortis 2029\u5e74\u524d\u80a1\u606f\u5e74\u589e\u5e45\u8fbe4%-6%\uff0c\u4e0e\u8d39\u7387\u57fa\u7840\u6269\u5f20\u901f\u5ea6\u5f62\u6210\u8054\u52a8\u3002<\/p>\n

Fortis\u73b0\u9636\u6bb5\u6b63\u5927\u529b\u6295\u8d44\u7535\u7f51\u6570\u5b57\u5316\u6539\u9020\u9879\u76ee\uff0c\u63d0\u5347\u8f93\u7535\u6548\u7387\u5e76\u964d\u4f4e\u8fd0\u8425\u6210\u672c\uff0c\u76ee\u6807\u662f2030\u5e74\u8fd0\u8425\u5229\u6da6\u7387\u63d0\u5347\u81f318.5%\uff082024\u5e74\u4e3a15.8%\uff09\u3002\u540c\u65f6\uff0c\u901a\u8fc7\u5e03\u5c40\u5206\u5e03\u5f0f\u80fd\u6e90\u5b58\u50a8\u7cfb\u7edf\uff0c\u9002\u5e94\u5149\u4f0f\/\u98ce\u7535\u6ce2\u52a8\u6027\u4f9b\u7535\u9700\u6c42\uff0c\u8be5\u516c\u53f8\u6b63\u5728\u589e\u5f3a\u957f\u671f\u76c8\u5229\u97e7\u6027\u3002<\/p>\n

\u8499\u7279\u5229\u5c14\u94f6\u884c<\/b><\/strong><\/h2>\n

\u8499\u7279\u5229\u5c14\u94f6\u884cBank of Montreal<\/b><\/strong>\u00a0(TSX:BMO<\/a>)\u62e5\u6709\u8fde\u7eed196\u5e74\u6d3e\u53d1\u80a1\u606f\u7684\u5386\u53f2\uff0c\u521b\u52a0\u62ff\u5927\u4f01\u4e1a\u6700\u957f\u8fde\u7eed\u6d3e\u606f\u7eaa\u5f55\u3002\u8fd9\u53ea\u94f6\u884c\u80a1\u8fc7\u53bb15\u5e74\u80a1\u606f\u5e74\u590d\u5408\u589e\u957f\u7387\uff08CAGR\uff09\u8fbe\u52305.4%\uff0c\u663e\u8457\u8dd1\u8d62\u52a0\u62ff\u5927\u901a\u80c0\u5747\u503c\u3002<\/p>\n

\u8499\u7279\u5229\u5c14\u94f6\u884c\u5f53\u524d\u80a1\u606f\u6536\u76ca\u7387\u4e3a4.8%\uff0c\u6d3e\u606f\u7387\u7ef4\u6301\u5728\u51c0\u5229\u6da6\u768440%-50%\u5b89\u5168\u533a\u95f4\uff08\u52a0\u62ff\u5927\u4e94\u5927\u884c\u5e73\u5747\u4e3a45%\uff09\u30022025\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u62a5\u544a\u663e\u793a\uff0c\u200c\u51c0\u606f\u5dee\u73af\u6bd4\u6269\u592712\u4e2a\u57fa\u70b9\u81f31.98%\uff0c\u9a71\u52a8\u6bcf\u80a1\u6536\u76ca\uff08EPS\uff09\u540c\u6bd4\u589e\u957f7.3%\u3002<\/p>\n

\u8d22\u62a5\u4e2d\u663e\u793a\uff0c\u8499\u7279\u5229\u5c14\u94f6\u884c\u7684\u6536\u5165\u9ad8\u5ea6\u591a\u5143\u5316\uff0c\u96f6\u552e\u94f6\u884c\uff08\u5360\u6bd458%\uff09\u3001\u8d22\u5bcc\u7ba1\u7406\uff0823%\uff09\u3001\u8d44\u672c\u5e02\u573a\uff0819%\uff09\u5747\u8861\u5e03\u5c40\uff0c\u964d\u4f4e\u4e86\u5355\u4e00\u4e1a\u52a1\u98ce\u9669\u3002\u540c\u65f6\uff0c\u200c\u8d44\u4ea7\u8d28\u91cf\u7a33\u5065\u200c\uff0c\u4e0d\u826f\u8d37\u6b3e\u7387\u4e3a1.02%\uff0c\u4f4e\u4e8e\u884c\u4e1a\u5747\u503c1.25%\uff0c\u62e8\u5907\u8986\u76d6\u7387\u7ef4\u6301183%\u9ad8\u4f4d\u3002\u8be5\u884c\u7684\u4e00\u7ea7\u8d44\u672c\u5145\u8db3\u7387\u4e3a14.8%\uff0c\u9ad8\u4e8e\u76d1\u7ba1\u8981\u6c42\uff0811.5%\uff09\uff0c\u652f\u6491\u80a1\u7968\u56de\u8d2d\u4e0e\u5e76\u8d2d\u5f39\u6027\u3002<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

\u84dd\u7b79\u80a1\u606f\u80a1\u51ed\u501f\u200c\u7a33\u5b9a\u6536\u76ca\u57fa\u7840\u200c\u4e0e\u200c\u957f\u671f\u80a1\u606f\u589e\u957f\u80fd\u529b\u200c\uff0c\u6210\u4e3a\u52a0\u62ff\u5927\u4eba\u88ab\u52a8\u6536\u5165\u6295\u8d44\u7ec4\u5408\u7684\u6838\u5fc3\u914d\u7f6e\u3002\u8fd9\u7c7b\u4f01\u4e1a\u901a\u5e38\u5177\u5907 […]<\/p>\n","protected":false},"author":31,"featured_media":558619,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521],"tags":[2170,2247,1859,2229],"class_list":["post-575906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","tag-2170","tag-2247","tag-1859","tag-2229","sectors-oil-gas-zh-hans","sectors-financial-products-zh-hans","locations-canada-zh-hans","exchange-tsx-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/575906","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/31"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=575906"}],"version-history":[{"count":1,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/575906\/revisions"}],"predecessor-version":[{"id":575916,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/575906\/revisions\/575916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/558619"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=575906"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=575906"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=575906"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}