{"id":619985,"date":"2026-02-10T21:46:35","date_gmt":"2026-02-11T05:46:35","guid":{"rendered":"https:\/\/nai500.com\/?p=619985"},"modified":"2026-02-10T21:46:35","modified_gmt":"2026-02-11T05:46:35","slug":"%e8%82%a1%e6%81%af%e5%8f%88%e6%bc%b2%e4%ba%86%ef%bc%81%e5%a4%9a%e5%80%ab%e5%a4%9a%e4%ba%a4%e6%98%93%e6%89%80%e4%b8%89%e5%b7%a8%e9%a0%ad%e5%bb%b6%e7%ba%8c%e6%95%b8%e5%8d%81%e5%b9%b4%e5%a2%9e%e9%95%b7","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/02\/%e8%82%a1%e6%81%af%e5%8f%88%e6%bc%b2%e4%ba%86%ef%bc%81%e5%a4%9a%e5%80%ab%e5%a4%9a%e4%ba%a4%e6%98%93%e6%89%80%e4%b8%89%e5%b7%a8%e9%a0%ad%e5%bb%b6%e7%ba%8c%e6%95%b8%e5%8d%81%e5%b9%b4%e5%a2%9e%e9%95%b7\/","title":{"rendered":"\u80a1\u606f\u53c8\u6f32\u4e86\uff01\u591a\u502b\u591a\u4ea4\u6613\u6240\u4e09\u5de8\u982d\u5ef6\u7e8c\u6578\u5341\u5e74\u589e\u9577\u7d00\u9304"},"content":{"rendered":"<p>\u5c0d\u65bc\u8ffd\u6c42\u9577\u671f\u7a69\u5b9a\u6536\u76ca\u7684\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u6301\u7e8c\u589e\u9577\u7684\u80a1\u606f\u662f\u8861\u91cf\u4e00\u5bb6\u516c\u53f8\u8ca1\u52d9\u5065\u5eb7\u548c\u80a1\u6771\u56de\u5831\u627f\u8afe\u7684\u91cd\u8981\u6a19\u5c3a\u3002\u8fd1\u65e5\uff0c\u591a\u502b\u591a\u8b49\u5238\u4ea4\u6613\u6240\uff08TSX\uff09\u5e02\u5834\u4e0a\u4e09\u5bb6\u696d\u52d9\u6a21\u5f0f\u5805\u5be6\uff0c\u582a\u7a31\u201c\u58d3\u8259\u77f3\u201d\u7684\u5de8\u982d\u516c\u53f8\u518d\u6b21\u5ba3\u4f48\u63d0\u9ad8\u80a1\u606f\uff0c\u5c07\u4ee4\u4eba\u9a5a\u6b4e\u7684\u9023\u7e8c\u80a1\u606f\u589e\u9577\u7d00\u9304\u5ef6\u9577\u81f3\u6578\u5341\u5e74\u3002<\/p>\n<p>\u9019\u4e9b\u9802\u7d1a\u516c\u53f8\u6191\u85c9\u5f37\u5927\u7684\u73fe\u91d1\u6d41\uff0c\u7a69\u5065\u7684\u5546\u696d\u6a21\u5f0f\u548c\u7a7f\u8d8a\u7d93\u6fdf\u9031\u671f\u7684\u76c8\u5229\u80fd\u529b\uff0c\u6210\u70ba\u5c0b\u6c42\u201c\u7121\u6182\u201d\u88ab\u52d5\u6536\u5165\u6295\u8cc7\u8005\u7684\u6838\u5fc3\u9078\u64c7\u3002\u5b83\u5011\u7684\u5171\u540c\u7279\u9ede\u662f\uff1a\u898f\u6a21\u9f90\u5927\u3001\u696d\u52d9\u5177\u5099\u97cc\u6027\u3001\u8ca1\u52d9\u7d00\u5f8b\u56b4\u660e\uff0c\u5373\u4f7f\u5728\u5b8f\u89c0\u74b0\u5883\u4e0d\u78ba\u5b9a\u6642\u4e5f\u6709\u80fd\u529b\u7dad\u6301\u4e26\u589e\u52a0\u80a1\u6771\u56de\u5831\u3002<\/p>\n<h2>\u9802\u7d1a\u80a1\u606f\u80a1 #1\uff1a<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=CNR%3ACA\">Canadian National Railway (TSX:CNR)<\/a><\/h2>\n<p>\u4f5c\u70ba\u5317\u7f8e\u4f9b\u61c9\u93c8\u7684\u95dc\u9375\u652f\u67f1\uff0cCanadian National Railway\uff08CNR\uff09\u57281\u670830\u65e5\u5c07\u5b63\u5ea6\u80a1\u606f\u63d0\u9ad8\u4e863%\u3002\u9019\u6a19\u8a8c\u8457\u8a72\u516c\u53f8\u5df2\u5be6\u73fe\u9023\u7e8c30\u5e74\u4e0d\u9593\u65b7\u7684\u80a1\u606f\u589e\u9577\u3002\u9019\u4e00\u5353\u8d8a\u7d00\u9304\u6e90\u65bc\u696d\u52d9\u7684\u97cc\u6027\u3001\u76c8\u5229\u589e\u9577\u80fd\u529b\u4ee5\u53ca\u5c0d\u56de\u5831\u80a1\u6771\u7684\u6838\u5fc3\u95dc\u6ce8\u3002<\/p>\n<p>CNR\u9f90\u5927\u7684\u9435\u8def\u7db2\u7d61\u4f7f\u5f97\u8a72\u516c\u53f8\u5728\u904b\u8f38\u5404\u985e\u95dc\u9375\u7269\u8cc7\uff08\u5f9e\u81ea\u7136\u8cc7\u6e90\u5230\u6d88\u8cbb\u54c1\uff09\u4e2d\u626e\u6f14\u8457\u4e0d\u53ef\u6216\u7f3a\u7684\u89d2\u8272\uff0c\u9019\u70ba\u5176\u5e36\u4f86\u4e86\u6301\u4e45\u7684\u7af6\u722d\u512a\u52e2\uff0c\u4e26\u5728\u4e0d\u540c\u7d93\u6fdf\u9031\u671f\u4e2d\u7a69\u5b9a\u4e86\u6536\u5165\u3002\u901a\u904e\u670d\u52d9\u591a\u5143\u5316\u7684\u884c\u696d\u7d44\u5408\uff0c\u516c\u53f8\u6e1b\u5c11\u4e86\u5c0d\u55ae\u4e00\u9818\u57df\u7684\u4f9d\u8cf4\uff0c\u5f9e\u800c\u5275\u9020\u4e86\u5e73\u7a69\u7684\u73fe\u91d1\u6d41\uff0c\u70ba\u53ef\u9760\u7684\u80a1\u606f\u652f\u4ed8\u63d0\u4f9b\u4e86\u652f\u6490\u3002<\/p>\n<p>\u96a8\u8457\u8ca8\u904b\u91cf\u9010\u6b65\u5fa9\u8607\u53ca\u751f\u7522\u6548\u7387\u63d0\u5347\uff0cCNR\u5c0d\u904b\u71df\u6548\u7387\u3001\u6210\u672c\u63a7\u5236\u548c\u76c8\u5229\u589e\u9577\u7684\u6301\u7e8c\u5c08\u6ce8\uff0c\u70ba\u80a1\u606f\u672a\u4f86\u7684\u53ef\u6301\u7e8c\u6027\u8207\u589e\u9577\u5960\u5b9a\u4e86\u57fa\u790e\u3002<\/p>\n<h2>\u9802\u7d1a\u80a1\u606f\u80a1 #2\uff1a<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=ENB%3ACA\">Enbridge (TSX:ENB)<\/a><\/h2>\n<p>\u9019\u5bb6\u80fd\u6e90\u57fa\u790e\u8a2d\u65bd\u5de8\u982d\u5728\u53bb\u5e7412\u6708\u521d\u5ba3\u4f48\uff0c\u5c07\u5b63\u5ea6\u80a1\u606f\u63d0\u9ad83%\u81f3\u6bcf\u80a10.97\u52a0\u5143\uff08\u5e74\u53163.88\u52a0\u5143\uff09\uff0c2026\u5e743\u67081\u65e5\u8d77\u751f\u6548\u3002\u6b64\u8209\u5c07\u80a1\u606f\u9023\u7e8c\u589e\u9577\u7684\u6b77\u53f2\u5ef6\u9577\u81f331\u5e74\u3002\u66f4\u503c\u5f97\u95dc\u6ce8\u7684\u662f\uff0cEnbridge\u652f\u4ed8\u80a1\u606f\u7684\u6b77\u53f2\u5df2\u8d85\u904e70\u5e74\u3002\u4ee5\u7576\u524d\u80a1\u50f9\u8a08\u7b97\u7684\u80a1\u606f\u7387\u7d04\u70ba5.7%\uff0c\u9817\u5177\u5438\u5f15\u529b\u3002<\/p>\n<p>Enbridge\u7684\u7ba1\u7406\u5c64\u91cd\u7533\u4e86\u4e2d\u671f\u589e\u9577\u5c55\u671b\uff0c\u76ee\u6a19\u662f\u52302026\u5e74\uff0cEBITDA\u3001\u76c8\u5229\u548c\u53ef\u5206\u914d\u73fe\u91d1\u6d41\uff08DCF\uff09\u5be6\u73fe\u7a69\u5b9a\u589e\u9577\uff0c\u6b64\u5f8c\u9810\u8a08\u4fdd\u6301\u4e2d\u500b\u4f4d\u6578\u7684\u5e74\u589e\u9577\u7387\u3002\u516c\u53f8\u591a\u5143\u5316\u7684\u6536\u5165\u4f86\u6e90\u3001\u53d7\u76e3\u7ba1\u7684\u8cc7\u7522\u57fa\u790e\u4ee5\u53ca\u9577\u671f\u5408\u540c\u4f7f\u5176\u80fd\u5920\u7522\u751f\u5f37\u52c1\u7684\u73fe\u91d1\u6d41\u4ee5\u652f\u6301\u6d3e\u606f\u3002\u6b64\u5916\uff0c\u7d0480%\u7684EBITDA\u53d7\u5230\u901a\u8139\u4fdd\u8b77\uff0c\u52a0\u4e4b\u5f37\u52c1\u7684\u80fd\u6e90\u9700\u6c42\u548c\u53ef\u6301\u7e8c\u7684\u6d3e\u606f\u6bd4\u7387\uff0cEnbridge\u6709\u671b\u5728\u672a\u4f86\u7e7c\u7e8c\u70ba\u80a1\u6771\u63d0\u4f9b\u4e0d\u65b7\u589e\u9577\u7684\u80a1\u606f\u56de\u5831\u3002<\/p>\n<h2>\u9802\u7d1a\u80a1\u606f\u80a1 #3\uff1a<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=RY%3ACA\">Royal Bank of Canada (TSX:RY)<\/a><\/h2>\n<p>\u4f5c\u70ba\u52a0\u62ff\u5927\u6700\u5927\u7684\u9280\u884c\uff0cRoyal Bank of Canada\uff08RBC\uff09\u4e5f\u65bc\u53bb\u5e7412\u67083\u65e5\u5c07\u5b63\u5ea6\u80a1\u606f\u63d0\u9ad8\u4e863%\u81f3\u6bcf\u80a11.64\u52a0\u5143\uff0c\u5ef6\u7e8c\u4e86\u8a72\u884c\u4f5c\u70ba\u7a69\u5b9a\u80a1\u606f\u589e\u9577\u8005\u7684\u8072\u8b7d\u3002\u904e\u53bb\u5341\u5e74\uff0c\u8a72\u80a1\u80a1\u606f\u5e74\u5747\u589e\u9577\u7387\u7d04\u70ba7%\u3002<\/p>\n<p>RBC\u53d7\u76ca\u65bc\u4e0d\u65b7\u64f4\u5927\u7684\u8cb8\u6b3e\u7d44\u5408\u3001\u7a69\u5b9a\u7684\u5b58\u6b3e\u57fa\u790e\u4ee5\u53ca\u652f\u6301\u76c8\u5229\u80fd\u529b\u7684\u6301\u7e8c\u589e\u6548\u8209\u63aa\u3002\u8a72\u884c\u9ad8\u5ea6\u591a\u5143\u5316\u7684\u6536\u5165\u6d41\u6e1b\u5c11\u4e86\u5c0d\u55ae\u4e00\u696d\u52d9\u7684\u4f9d\u8cf4\uff0c\u800c\u56b4\u683c\u7684\u6210\u672c\u63a7\u5236\u548c\u826f\u597d\u7684\u8cc7\u7522\u8cea\u91cf\u6709\u52a9\u65bc\u5728\u4e0d\u540c\u7d93\u6fdf\u9031\u671f\u4e2d\u5e73\u6ed1\u696d\u7e3e\u3002\u6b64\u5916\uff0c\u6191\u85c9\u5f37\u5927\u7684\u8cc7\u7522\u8ca0\u50b5\u8868\u3001\u4fdd\u5b88\u7684\u98a8\u96aa\u7ba1\u7406\u4ee5\u53ca40%\u81f350%\u7684\u53ef\u6301\u7e8c\u6d3e\u606f\u6bd4\u7387\uff0cRBC\u5c0d\u65bc\u8ffd\u6c42\u88ab\u52d5\u6536\u5165\u7684\u6295\u8cc7\u8005\u800c\u8a00\u4f9d\u7136\u662f\u4e00\u500b\u53ef\u9760\u7684\u9078\u64c7\u3002<\/p>\n<h2>\u6838\u5fc3\u555f\u793a<\/h2>\n<p>Canadian National Railway\u3001Enbridge \u548c Royal Bank of Canada \u7684\u6b64\u6b21\u540c\u6b65\u884c\u52d5\u5411\u5e02\u5834\u50b3\u905e\u4e86\u4e00\u500b\u660e\u78ba\u4fe1\u865f\uff1a\u771f\u6b63\u7684\u85cd\u7c4c\u80a1\u4e0d\u50c5\u80fd\u5728\u9806\u5883\u4e2d\u8207\u80a1\u6771\u5206\u4eab\u6210\u529f\uff0c\u66f4\u80fd\u5728\u5404\u7a2e\u5e02\u5834\u74b0\u5883\u4e2d\u5805\u5b88\u56de\u5831\u627f\u8afe\u3002\u5b83\u5011\u6240\u5171\u6709\u7684\u5ee3\u95ca\u7d93\u6fdf\u8b77\u57ce\u6cb3\u3001\u591a\u5143\u5316\u7684\u904b\u71df\u6a21\u5f0f\u4ee5\u53ca\u56b4\u8b39\u7684\u8ca1\u52d9\u7d00\u5f8b\uff0c\u69cb\u6210\u4e86\u6578\u5341\u5e74\u80a1\u606f\u589e\u9577\u795e\u8a71\u7684\u57fa\u77f3\u3002<\/p>\n<p>\u5c0d\u65bc\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u69cb\u5efa\u6295\u8cc7\u7d44\u5408\u6642\u7d0d\u5165\u6b64\u985e\u64c1\u6709\u8d85\u9577\u80a1\u606f\u589e\u9577\u7d00\u9304\u7684\u512a\u8cea\u8cc7\u7522\uff0c\u76f8\u7576\u65bc\u70ba\u8ca1\u5bcc\u7684\u9577\u671f\u7a69\u5b9a\u589e\u9577\u589e\u52a0\u4e86\u4e00\u5c64\u201c\u9632\u8b77\u588a\u201d\u3002\u5728\u5229\u7387\u8207\u5e02\u5834\u6ce2\u52d5\u4ecd\u5b58\u4e0d\u78ba\u5b9a\u6027\u7684\u80cc\u666f\u4e0b\uff0c\u9019\u985e\u8cc7\u7522\u63d0\u4f9b\u7684\u4e0d\u50c5\u50c5\u662f\u773c\u524d\u7684\u6536\u76ca\uff0c\u66f4\u662f\u4e00\u4efd\u53ef\u9810\u898b\u7684\u3001\u8207\u5353\u8d8a\u4f01\u696d\u5171\u6210\u9577\u7684\u9577\u671f\u627f\u8afe\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5c0d\u65bc\u8ffd\u6c42\u9577\u671f\u7a69\u5b9a\u6536\u76ca\u7684\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u6301\u7e8c\u589e\u9577\u7684\u80a1\u606f\u662f\u8861\u91cf\u4e00\u5bb6\u516c\u53f8\u8ca1\u52d9\u5065\u5eb7\u548c\u80a1\u6771\u56de\u5831\u627f\u8afe\u7684\u91cd\u8981\u6a19\u5c3a\u3002\u8fd1\u65e5\uff0c\u591a\u502b\u591a\u8b49 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":588274,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[2147,568,1860,2230],"class_list":{"0":"post-619985","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-1522","8":"category-trends-strategies-zh-hant","9":"tag--zh-hant","10":"tag-zh-hant-blog-tag-","12":"tag-2230","13":"sectors-oil-gas-zh-hant","14":"sectors-financial-products-zh-hant","15":"locations-canada-zh-hant","16":"exchange-tsx-zh-hant"},"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/619985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=619985"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/619985\/revisions"}],"predecessor-version":[{"id":619988,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/619985\/revisions\/619988"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/588274"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=619985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=619985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=619985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}