{"id":622722,"date":"2026-02-26T19:26:18","date_gmt":"2026-02-27T03:26:18","guid":{"rendered":"https:\/\/nai500.com\/?p=622722"},"modified":"2026-02-26T19:26:18","modified_gmt":"2026-02-27T03:26:18","slug":"%e5%8a%a0%e8%82%a1%e7%b2%be%e9%81%b8%ef%bc%9a%e9%80%99%e4%b8%89%e9%9a%bb%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%82%a1%e7%a5%a8%e4%b8%8a%e5%8d%87%e6%bd%9b%e5%8a%9b%e9%83%bd%e5%be%88%e4%b8%8d%e9%8c%af","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/02\/%e5%8a%a0%e8%82%a1%e7%b2%be%e9%81%b8%ef%bc%9a%e9%80%99%e4%b8%89%e9%9a%bb%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%82%a1%e7%a5%a8%e4%b8%8a%e5%8d%87%e6%bd%9b%e5%8a%9b%e9%83%bd%e5%be%88%e4%b8%8d%e9%8c%af\/","title":{"rendered":"\u52a0\u80a1\u7cbe\u9078\uff1a\u9019\u4e09\u96bb\u52a0\u62ff\u5927\u80a1\u7968\u4e0a\u5347\u6f5b\u529b\u90fd\u5f88\u4e0d\u932f"},"content":{"rendered":"

\u5728\u6295\u8cc7\u5e02\u5834\u4e0a\uff0c\u771f\u6b63\u7684\u6a5f\u6703\u5f80\u5f80\u4e0d\u5728\u9382\u5149\u71c8\u4e0b\u3002\u7576\u6240\u6709\u4eba\u8ffd\u9010\u71b1\u9580\u79d1\u6280\u80a1\u6642\uff0c\u4e00\u4e9b\u88ab\u4f4e\u4f30\u7684\u52a0\u62ff\u5927\u80a1\u7968\u6b63\u6084\u7136\u69cb\u7bc9\u5805\u5be6\u7684\u4e0a\u6f32\u57fa\u790e\u30022026\u5e74\uff0cKinaxis\u3001Toronto-Dominion Bank\u548cSmartCentres REIT\u662f\u4e09\u96bb\u503c\u5f97\u91cd\u9ede\u95dc\u6ce8\u7684\u6a19\u7684\u2014\u2014\u5b83\u5011\u5206\u5225\u4ee3\u8868\u4e86\u9ad8\u589e\u9577\u3001\u50f9\u503c\u4fee\u5fa9\u548c\u9ad8\u80a1\u606f\u4e09\u7a2e\u4e0d\u540c\u7684\u6295\u8cc7\u908f\u8f2f\uff0c\u4f46\u5171\u540c\u9ede\u662f\u4e0a\u5347\u6f5b\u529b\u53ef\u89c0\u3002<\/p>\n

Kinaxis\uff1aSaaS\u6a21\u5f0f\u9a45\u52d5\u6301\u7e8c\u589e\u9577<\/h2>\n

\u4f9b\u61c9\u93c8\u7ba1\u7406\u8edf\u4ef6\u5de8\u982dKinaxis (TSX:KXS)<\/a>\u662f\u52a0\u62ff\u5927\u70ba\u6578\u4e0d\u591a\u7684\u79d1\u6280\u660e\u661f\u4e4b\u4e00\u3002\u516c\u53f8\u6700\u65b0\u8ca1\u5831\u986f\u793a\uff0c2025\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6536\u5165\u9054\u5230\u5275\u7d00\u9304\u76841.346\u5104\u52a0\u5143\uff0c\u540c\u6bd4\u589e\u957711%\u3002\u5176\u4e2d\uff0c\u8edf\u4ef6\u5373\u670d\u52d9\uff08SaaS\uff09\u6536\u5165\u98c6\u534717%\u81f39200\u842c\u52a0\u5143\uff0c\u5e74\u5ea6\u7d93\u5e38\u6027\u6536\u5165\u4e5f\u540c\u6b65\u589e\u957717%\u3002<\/p>\n

\u9019\u7a2e\u6536\u5165\u7d50\u69cb\u610f\u5473\u8457\u4ec0\u9ebc\uff1f\u9ad8\u7c98\u6027\u7684\u8a02\u95b1\u6a21\u5f0f\u5e36\u4f86\u4e86\u53ef\u9810\u6e2c\u7684\u73fe\u91d1\u6d41\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0c\u516c\u53f8\u8abf\u6574\u5f8cEBITDA\u5229\u6f64\u7387\u9ad8\u905425%\uff0c\u986f\u793a\u51fa\u5f37\u52c1\u7684\u76c8\u5229\u80fd\u529b\u3002\u96a8\u8457\u5168\u7403\u4f9b\u61c9\u93c8\u8907\u96dc\u6027\u63d0\u5347\uff0c\u4f01\u696d\u5c0dKinaxis\u9019\u985e\u5c08\u696d\u8edf\u4ef6\u7684\u9700\u6c42\u53ea\u589e\u4e0d\u6e1b\u3002\u7576\u524d\u4f30\u503c\u76f8\u5c0d\u5408\u7406\uff0c\u5206\u6790\u5e2b\u666e\u904d\u8a8d\u70ba\u8a72\u80a1\u4ecd\u6709\u8f03\u5927\u4e0a\u884c\u7a7a\u9593\u3002\u5c0d\u65bc\u8ffd\u6c42\u6210\u9577\u7684\u6295\u8cc7\u8005\u800c\u8a00\uff0cKinaxis\u7121\u7591\u662f\u52a0\u62ff\u5927\u5e02\u5834\u4e0a\u96e3\u5f97\u7684\u512a\u8cea\u6a19\u7684\u3002<\/p>\n

Toronto-Dominion Bank\uff1a\u4f4e\u4f30\u503c+\u7a69\u5065\u80a1\u606f\u7684\u96d9\u91cd\u512a\u52e2<\/h2>\n

\u5982\u679c\u8aaaKinaxis\u4ee3\u8868\u9032\u653b\uff0c\u90a3\u9ebcToronto-Dominion Bank (TSX:TD)<\/a>\u5c31\u662f\u653b\u5b88\u517c\u5099\u7684\u5178\u7bc4\u3002\u5118\u7ba1\u8a72\u80a1\u57282025\u5e74\u5df2\u7d93\u53cd\u5f4869%\uff0c\u4f46\u524d\u77bb\u5e02\u76c8\u7387\u50c513\u500d\u5de6\u53f3\uff0c\u80a1\u606f\u7387\u4ecd\u4fdd\u6301\u57283%\u4ee5\u4e0a\u3002\u5728\u52a0\u62ff\u5927\u516d\u5927\u884c\u4e2d\uff0cTD\u7684\u8de8\u5883\u696d\u52d9\u4f48\u5c40\u6700\u70ba\u5ee3\u6cdb\uff0c\u7f8e\u570b\u5e02\u5834\u7684\u8ca2\u737b\u4f7f\u5176\u5177\u5099\u7368\u7279\u7684\u589e\u9577\u52d5\u529b\u3002<\/p>\n

\u904e\u53bb\u5e7e\u500b\u5b63\u5ea6\uff0c\u53d7\u76ca\u65bc\u6de8\u606f\u5dee\u64f4\u5927\u548c\u6210\u672c\u63a7\u5236\uff0cTD\u7684\u76c8\u5229\u589e\u9577\u5341\u5206\u624e\u5be6\u3002\u6d3e\u606f\u7387\u4f4e\u65bc40%\u4e5f\u70ba\u672a\u4f86\u80a1\u606f\u589e\u9577\u7559\u8db3\u7a7a\u9593\u3002\u96a8\u8457\u6536\u76ca\u7387\u66f2\u7dda\u9032\u4e00\u6b65\u9661\u5ced\u5316\uff0c\u9280\u884c\u80a1\u901a\u5e38\u6703\u8fce\u4f86\u4f30\u503c\u4fee\u5fa9\u3002\u5728\u7576\u524d\u5b8f\u89c0\u74b0\u5883\u4e0b\uff0cTD\u65e2\u80fd\u63d0\u4f9b\u7a69\u5b9a\u7684\u80a1\u606f\u6536\u5165\uff0c\u53c8\u6709\u671b\u53d7\u76ca\u65bc\u7d93\u6fdf\u56de\u6696\u5e36\u4f86\u7684\u4fe1\u8cb8\u9700\u6c42\u64f4\u5f35\uff0c\u662f\u7d44\u5408\u4e2d\u4e0d\u53ef\u6216\u7f3a\u7684\u58d3\u8259\u77f3\u3002<\/p>\n

SmartCentres REIT\uff1a\u9ad8\u6536\u76ca+\u8cc7\u7522\u8cea\u91cf\u7684\u5b8c\u7f8e\u7d50\u5408<\/h2>\n

\u5c0d\u65bc\u5c0b\u6c42\u88ab\u52d5\u6536\u5165\u7684\u6295\u8cc7\u8005\uff0cSmartCentres REIT (TSX:SRU.UN)<\/a>\u662f\u4e0d\u5bb9\u5ffd\u8996\u7684\u9078\u64c7\u3002\u9019\u5bb6REIT\u4e3b\u8981\u6301\u6709\u4ee5\u6c83\u723e\u746a\u70ba\u6838\u5fc3\u7684\u96f6\u552e\u5730\u7522\uff0c\u904d\u4f48\u52a0\u62ff\u5927\u5404\u5730\u3002\u5118\u7ba1\u904e\u53bb\u5e7e\u5e74\u96f6\u552e\u5730\u7522\u6574\u9ad4\u627f\u58d3\uff0c\u4f46SmartCentres\u6191\u85c9\u79df\u6236\u8cea\u91cf\u548c\u8cc7\u7522\u5340\u4f4d\u5c55\u73fe\u51fa\u8f03\u5f37\u97cc\u6027\u3002<\/p>\n

\u76ee\u524d\u8a72REIT\u7684\u6de8\u5229\u7387\u63a5\u8fd127%\uff0c\u80a1\u606f\u7387\u9ad8\u90546.6%\uff0c\u5728\u52a0\u62ff\u5927\u623f\u5730\u7522\u4fe1\u8a17\u4e2d\u9817\u5177\u5438\u5f15\u529b\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0c\u8cc7\u7522\u7d44\u5408\u4e2d\u8a31\u591a\u7269\u696d\u5177\u5099\u91cd\u65b0\u958b\u767c\u6f5b\u529b\uff0c\u672a\u4f86\u53ef\u80fd\u5e36\u4f86\u984d\u5916\u7684\u8cc7\u672c\u589e\u503c\u3002\u96a8\u8457\u96f6\u552e\u74b0\u5883\u4f01\u7a69\uff0c\u5e02\u5834\u5c0d\u5176\u4f30\u503c\u6298\u50f9\u6709\u671b\u6536\u7a84\u3002SmartCentres\u65e2\u80fd\u63d0\u4f9b\u8c50\u539a\u7684\u73fe\u91d1\u6d41\uff0c\u53c8\u517c\u5177\u9632\u79a6\u5c6c\u6027\uff0c\u5728\u7576\u524d\u4e0d\u78ba\u5b9a\u7684\u5e02\u5834\u4e2d\u5c24\u70ba\u73cd\u8cb4\u3002<\/p>\n

\u7e3d\u7d50<\/h2>\n

\u7d9c\u5408\u4f86\u770b\uff0c\u9019\u4e09\u96bb\u52a0\u62ff\u5927\u80a1\u7968\u5206\u5225\u5f9e\u4e0d\u540c\u7dad\u5ea6\u5c55\u73fe\u51fa\u6295\u8cc7\u50f9\u503c\uff1aKinaxis\u53d7\u76ca\u65bc\u6578\u5b57\u5316\u8f49\u578b\u6d6a\u6f6e\uff0cTD\u9280\u884c\u517c\u5177\u4f4e\u4f30\u503c\u548c\u9ad8\u80a1\u606f\uff0cSmartCentres\u5247\u63d0\u4f9b\u8a98\u4eba\u7684\u6536\u76ca\u548c\u6f5b\u5728\u8cc7\u7522\u91cd\u4f30\u6a5f\u6703\u3002\u5c0d\u65bc\u5e0c\u671b\u4f48\u5c402026\u5e74\u52a0\u62ff\u5927\u5e02\u5834\u7684\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u9019\u4e09\u96bb\u80a1\u7968\u503c\u5f97\u6df1\u5165\u7814\u7a76\u2014\u2014\u6709\u6642\u6700\u597d\u7684\u6a5f\u6703\uff0c\u6070\u6070\u85cf\u5728\u90a3\u4e9b\u4e0d\u88ab\u904e\u5ea6\u95dc\u6ce8\u7684\u89d2\u843d\u88e1\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5728\u6295\u8cc7\u5e02\u5834\u4e0a\uff0c\u771f\u6b63\u7684\u6a5f\u6703\u5f80\u5f80\u4e0d\u5728\u9382\u5149\u71c8\u4e0b\u3002\u7576\u6240\u6709\u4eba\u8ffd\u9010\u71b1\u9580\u79d1\u6280\u80a1\u6642\uff0c\u4e00\u4e9b\u88ab\u4f4e\u4f30\u7684\u52a0\u62ff\u5927\u80a1\u7968\u6b63\u6084\u7136\u69cb\u7bc9\u5805\u5be6\u7684\u4e0a\u6f32 […]<\/p>\n","protected":false},"author":27,"featured_media":554320,"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":[674,1677,1860,2230],"class_list":["post-622722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-674","tag-technology-zh-hant","tag--zh-hant","tag-2230","sectors-real-estate-zh-hant","sectors-financial-products-zh-hant","sectors-technology-zh-hant","locations-canada-zh-hant","exchange-tsx-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/622722","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=622722"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/622722\/revisions"}],"predecessor-version":[{"id":622725,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/622722\/revisions\/622725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/554320"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=622722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=622722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=622722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}