{"id":652264,"date":"2026-07-22T18:57:48","date_gmt":"2026-07-23T01:57:48","guid":{"rendered":"https:\/\/nai500.com\/?p=652264"},"modified":"2026-07-22T18:57:48","modified_gmt":"2026-07-23T01:57:48","slug":"%e7%89%b9%e6%9c%97%e6%99%ae%e5%8f%88%e5%8a%a0%e7%a8%85%ef%bc%81%e9%80%99%e4%b8%89%e9%9a%bb%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%82%a1%e7%a5%a8%e6%88%90%e9%81%bf%e9%9a%aa%e5%84%aa%e9%81%b8","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/07\/%e7%89%b9%e6%9c%97%e6%99%ae%e5%8f%88%e5%8a%a0%e7%a8%85%ef%bc%81%e9%80%99%e4%b8%89%e9%9a%bb%e5%8a%a0%e6%8b%bf%e5%a4%a7%e8%82%a1%e7%a5%a8%e6%88%90%e9%81%bf%e9%9a%aa%e5%84%aa%e9%81%b8\/","title":{"rendered":"\u7279\u6717\u666e\u53c8\u52a0\u7a05\uff01\u9019\u4e09\u96bb\u52a0\u62ff\u5927\u80a1\u7968\u6210\u907f\u96aa\u512a\u9078"},"content":{"rendered":"

\u672c\u5468\uff0c\u7f8e\u570b\u8207\u52a0\u62ff\u5927\u8cbf\u6613\u722d\u7aef\u518d\u5ea6\u5347\u7d1a\u3002\u7f8e\u570b\u7e3d\u7d71\u7279\u6717\u666e\u7c3d\u7f72\u4e09\u9805\u516c\u544a\uff0c\u5ba3\u4f48\u5c0d\u4e00\u7cfb\u5217\u52a0\u62ff\u5927\u5546\u54c1\u52a0\u5f8150%\u7684\u95dc\u7a05\uff0c\u6d89\u53ca\u725b\u5976\u3001\u5976\u6cb9\u53ca\u5176\u4ed6\u4e73\u88fd\u54c1\uff0c\u5564\u9152\u3001\u8461\u8404\u9152\u3001\u860b\u679c\u9152\u3001\u5a01\u58eb\u5fcc\u7b49\u9152\u7cbe\u98f2\u54c1\u3002\u65b0\u95dc\u7a05\u63aa\u65bd\u8a08\u5283\u572830\u5929\u5be6\u65bd\u7a97\u53e3\u5f8c\u65bc8\u670819\u65e5\u6b63\u5f0f\u751f\u6548\uff0c\u800c\u5728\u6b64\u671f\u9593\u96d9\u65b9\u8cbf\u6613\u8ac7\u5224\u4ecd\u5c07\u7e7c\u7e8c\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u90e8\u5206\u6b64\u524d\u4f9d\u64da\u300a\u7f8e\u58a8\u52a0\u5354\u5b9a\u300b\u4eab\u53d7\u514d\u95dc\u7a05\u5f85\u9047\u7684\u5546\u54c1\uff0c\u672c\u8f2a\u4e5f\u53ef\u80fd\u53d7\u5230\u885d\u64ca\uff1b\u4e0d\u904e\uff0c\u80fd\u6e90\u3001\u9240\u80a5\u3001\u95dc\u9375\u7926\u7269\u53ca\u9b5a\u985e\u88ab\u6392\u9664\u5728\u6700\u65b0\u63aa\u65bd\u4e4b\u5916\u3002<\/p>\n

\u9762\u5c0d\u6108\u767c\u4e0d\u78ba\u5b9a\u7684\u8cbf\u6613\u74b0\u5883\uff0c\u4e00\u6279\u4ee5\u5167\u9700\u70ba\u6838\u5fc3\u3001\u696d\u7e3e\u8868\u73fe\u7a69\u5065\u7684\u52a0\u62ff\u5927\u516c\u53f8\u6b63\u6210\u70ba\u6295\u8cc7\u8005\u898f\u907f\u5916\u90e8\u98a8\u96aa\u7684\u512a\u9078\u3002<\/p>\n

Loblaw\uff1a\u672c\u571f\u6d88\u8cbb\u9f8d\u982d\uff0c\u5168\u9762\u589e\u9577<\/h2>\n

Loblaw Companies (TSX:L) <\/a>\u696d\u52d9\u6db5\u84cb\u98df\u54c1\u96dc\u8ca8\u3001\u85e5\u623f\u3001\u91ab\u7642\u4fdd\u5065\u670d\u52d9\u53ca\u91d1\u878d\u7522\u54c1\u7b49\u65e5\u5e38\u6d88\u8cbb\u9818\u57df\uff0c\u5c0d\u8de8\u5883\u5546\u54c1\u8cbf\u6613\u4f9d\u8cf4\u5ea6\u6975\u4f4e\u3002\u8a72\u80a1\u80a1\u50f9\u7d0464.98\u52a0\u5143\uff0c\u7e3d\u5e02\u503c\u7d04752\u5104\u52a0\u5143\uff0c\u904e\u53bb\u4e00\u5e74\u7d2f\u8a08\u4e0a\u6f3219%\uff0c\u4e09\u5e74\u6f32\u5e45\u8d85\u904e\u4e00\u500d\uff0c\u4e26\u63d0\u4f9b\u7d040.9%\u7684\u5e74\u5316\u80a1\u606f\u7387\u3002<\/p>\n

2026\u5e74\u7b2c\u4e00\u5b63\u5ea6\uff0c\u516c\u53f8\u71df\u6536\u540c\u6bd4\u589e\u95774.2%\u81f3145\u5104\u52a0\u5143\uff0c\u5176\u4e2d\u98df\u54c1\u96f6\u552e\u540c\u5e97\u92b7\u552e\u589e\u95772.4%\uff0c\u85e5\u54c1\u96f6\u552e\u540c\u5e97\u92b7\u552e\u589e\u95774.1%\uff0c\u85e5\u623f\u53ca\u91ab\u7642\u4fdd\u5065\u670d\u52d9\u540c\u5e97\u92b7\u552e\u589e\u5e45\u66f4\u90546.7%\u3002\u53d7PC Express\u914d\u9001\u53ca\u7b2c\u4e09\u65b9\u914d\u9001\u696d\u52d9\u63a8\u52d5\uff0c\u96fb\u5546\u92b7\u552e\u984d\u540c\u6bd4\u8df3\u534720.3%\u3002\u5f97\u76ca\u65bc\u92b7\u552e\u984d\u63d0\u5347\u3001\u7d93\u71df\u6760\u6746\u6539\u5584\u53ca\u8cbb\u7528\u7387\u4e0b\u964d\uff0c\u7576\u5b63\u8abf\u6574\u5f8cEBITDA\u540c\u6bd4\u589e\u95776.5%\u81f316\u5104\u52a0\u5143\u3002\u516c\u53f8\u6301\u7e8c\u64f4\u5f35\u7db2\u7d61\uff0c\u5b63\u5ea6\u5167\u65b0\u958b5\u5bb6\u786c\u6298\u6263\u5e97\u548c8\u5bb6\u85e5\u623f\uff0c\u4e26\u8a08\u5283\u57282026\u5e74\u6295\u5165\u7d0424\u5104\u52a0\u5143\u8cc7\u672c\u652f\u51fa\uff0c\u540c\u6642\u901a\u904e\u80a1\u7968\u56de\u8cfc\u548c\u80a1\u606f\u6301\u7e8c\u56de\u994b\u80a1\u6771\u3002<\/p>\n

\u6191\u85c9\u5fc5\u9700\u54c1\u5c6c\u6027\u8207\u5f37\u52c1\u7684\u570b\u5167\u904b\u71df\uff0cLoblaw\u88ab\u8996\u70ba\u7a7f\u8d8a\u8cbf\u6613\u6ce2\u52d5\u7684\u53ef\u9760\u9078\u64c7\u3002<\/p>\n

Franco-Nevada\uff1a\u7926\u696d\u6b0a\u5229\u91d1\u6a21\u5f0f\uff0c\u76c8\u5229\u5275\u7d00\u9304<\/h2>\n

\u7e3d\u90e8\u4f4d\u65bc\u591a\u502b\u591a\u7684Franco-Nevada (TSX:FNV) <\/a>\u662f\u4e00\u5bb6\u4ee5\u9ec3\u91d1\u70ba\u4e3b\u7684\u7926\u696d\u6b0a\u5229\u91d1\u548c\u91d1\u5c6c\u6d41\u516c\u53f8\uff0c\u901a\u904e\u6301\u6709\u5176\u4ed6\u7926\u5546\u7684\u7522\u91cf\u6b0a\u76ca\u7372\u53d6\u6536\u5165\uff0c\u81ea\u8eab\u4e26\u4e0d\u904b\u71df\u5927\u90e8\u5206\u7926\u5c71\uff0c\u56e0\u800c\u6709\u6548\u898f\u907f\u4e86\u7926\u5c71\u904b\u71df\u6210\u672c\u901a\u8139\u98a8\u96aa\u3002\u904e\u53bb\u4e00\u5e74\uff0c\u8a72\u80a1\u80a1\u50f9\u4e0a\u6f3237%\uff0c\u8fd1\u671f\u5831292.74\u52a0\u5143\uff0c\u5e02\u503c\u7d04570\u5104\u52a0\u5143\uff0c\u80a1\u606f\u7387\u540c\u70ba0.9%\u3002\u96d6\u7136\u8fd1\u4e09\u500b\u6708\u80a1\u50f9\u56de\u8abf\u7d0414%\uff0c\u4f46\u5df2\u70ba\u9577\u671f\u6295\u8cc7\u8005\u5275\u9020\u4e86\u66f4\u6709\u5438\u5f15\u529b\u7684\u5207\u5165\u9ede\u3002<\/p>\n

2026\u5e74\u7b2c\u4e00\u5b63\u5ea6\uff0c\u516c\u53f8\u71df\u6536\u540c\u6bd4\u589e\u957777%\uff0c\u9054\u5230\u5275\u7d00\u9304\u76846.51\u5104\u7f8e\u5143\uff0c\u53d7\u76ca\u4e8e\u91d1\u9280\u50f9\u683c\u5237\u65b0\u6b77\u53f2\u9ad8\u4f4d\u3001Antamina\u8207South Arturo\u7b49\u8cc7\u7522\u5f37\u52c1\u751f\u7522\uff0c\u4ee5\u53caC\u00f4t\u00e9 Gold\u3001Porcupine\u548cValentine\u7b49\u65b0\u8fd1\u8cfc\u4e26\u6216\u6295\u7522\u8cc7\u7522\u7684\u8ca2\u737b\u3002\u9ec3\u91d1\u7576\u91cf\u76ce\u53f8\u92b7\u552e\u91cf\u540c\u6bd4\u63d0\u53478%\u81f3136,353\u76ce\u53f8\uff1b\u904b\u71df\u73fe\u91d1\u6d41\u540c\u6bd4\u5927\u589e80%\u81f35.2\u5104\u7f8e\u5143\uff08\u542b\u4e00\u7b46\u52a0\u62ff\u5927\u7a05\u52d9\u5c404950\u842c\u52a0\u5143\u9000\u7a05\uff09\uff1b\u8abf\u6574\u5f8cEBITDA\u540c\u6bd4\u8e8d\u534784%\u81f3\u5275\u7d00\u9304\u76845.92\u5104\u7f8e\u5143\uff1b\u8abf\u6574\u5f8c\u6de8\u5229\u6f64\u66f4\u7ffb\u500d\u81f34.58\u5104\u7f8e\u5143\u3002\u516c\u53f8\u6301\u7e8c\u64f4\u5145\u8cc7\u7522\u7d44\u5408\uff0c\u5b63\u672b\u6301\u670934\u5104\u7f8e\u5143\u53ef\u7528\u8cc7\u672c\uff0c\u70ba\u672a\u4f86\u7372\u53d6\u66f4\u591a\u6b0a\u76ca\u63d0\u4f9b\u4e86\u9748\u6d3b\u7a7a\u9593\u3002<\/p>\n

\u5118\u7ba1\u6311\u6230\u5e03\u57fa\u7d0d\u6cd5\u7d22\u6cd5\u9662\u6709\u95dcKarma\u7926\u6d41\u8f49\u88c1\u6c7a\u5e36\u4f86\u4e00\u5b9a\u77ed\u671f\u98a8\u96aa\uff0c\u4f46\u8a72\u516c\u53f8\u8cc7\u7522\u9ad8\u5ea6\u5206\u6563\u3001\u8cc7\u7522\u8ca0\u50b5\u8868\u5f37\u52c1\uff0c\u5728\u8cbf\u6613\u7dca\u5f35\u5c40\u52e2\u5347\u6eab\u4e4b\u969b\u4f9d\u7136\u5c55\u73fe\u51fa\u826f\u597d\u7684\u907f\u96aa\u7279\u8cea\u3002<\/p>\n

Hydro One\uff1a\u7701\u5167\u96fb\u529b\u52d5\u8108\uff0c\u6536\u76ca\u53d7\u76e3\u7ba1<\/h2>\n

Hydro One (TSX:H) <\/a>\u7d93\u71df\u5b89\u5927\u7565\u7701\u8f38\u96fb\u8207\u914d\u96fb\u7cfb\u7d71\uff0c\u670d\u52d9\u7d04150\u842c\u5ba2\u6236\uff0c\u6536\u5165\u4f86\u81ea\u53d7\u76e3\u7ba1\u7684\u7701\u5167\u5fc5\u9700\u57fa\u790e\u8a2d\u65bd\uff0c\u5e7e\u4e4e\u4e0d\u53d7\u51fa\u53e3\u53ca\u95dc\u7a05\u654f\u611f\u5546\u54c1\u5f71\u97ff\u3002\u8a72\u80a1\u80a1\u50f9\u904e\u53bb\u4e00\u5e74\u4e0a\u6f3222%\u81f359.08\u52a0\u5143\uff0c\u5e02\u503c355\u5104\u52a0\u5143\uff0c\u63d0\u4f9b2.4%\u7684\u5e74\u5316\u80a1\u606f\u7387\u3002<\/p>\n

\u7b2c\u4e00\u5b63\u5ea6\uff0c\u516c\u53f8\u71df\u6536\u540c\u6bd4\u589e\u957710%\u81f3\u7d0426\u5104\u52a0\u5143\uff0c\u6b78\u5c6c\u666e\u901a\u80a1\u80a1\u6771\u7684\u6de8\u5229\u6f64\u589e\u95779.2%\u81f33.91\u5104\u52a0\u5143\uff0c\u6bcf\u80a1\u6536\u76ca\u75310.60\u52a0\u5143\u5347\u81f30.65\u52a0\u5143\u3002\u589e\u9577\u4e3b\u56e0\u662f\u5b89\u7701\u80fd\u6e90\u59d4\u54e1\u6703\u6279\u51c6\u7684\u8cbb\u7387\u8abf\u6574\u53ca\u5cf0\u503c\u96fb\u529b\u9700\u6c42\u4e0a\u5347\uff0c\u540c\u6642\u904b\u71df\u3001\u7dad\u8b77\u53ca\u884c\u653f\u8cbb\u7528\u4e0b\u964d\u4ea6\u5f62\u6210\u652f\u6490\uff0c\u5118\u7ba1\u878d\u8cc7\u8207\u6298\u820a\u8cbb\u7528\u589e\u52a0\u90e8\u5206\u62b5\u92b7\u4e86\u589e\u5e45\u3002\u540c\u671f\uff0c\u516c\u53f8\u6295\u8cc77.15\u5104\u52a0\u5143\uff0c\u4e26\u67094.84\u5104\u52a0\u5143\u65b0\u8cc7\u7522\u6295\u5165\u670d\u52d9\uff0c\u4e14\u88ab\u9078\u5b9a\u5efa\u8a2dGreenstone\u3001Red Lake\u53caSudbury\u81f3Barrie\u7b49\u91cd\u5927\u8f38\u96fb\u9805\u76ee\u3002<\/p>\n

\u9019\u4e9b\u9805\u76ee\u5c07\u652f\u6301\u5b89\u7701\u65e5\u76ca\u589e\u9577\u7684\u96fb\u529b\u9700\u6c42\u4e26\u52a0\u56fa\u516c\u53f8\u7684\u9577\u671f\u76c8\u5229\u8ecc\u9053\uff0c\u4f7f\u5f97Hydro One\u5728\u8cbf\u6613\u6469\u64e6\u74b0\u5883\u4e0b\u4ecd\u5177\u5099\u7a69\u56fa\u7684\u907f\u96aa\u50f9\u503c\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u672c\u5468\uff0c\u7f8e\u570b\u8207\u52a0\u62ff\u5927\u8cbf\u6613\u722d\u7aef\u518d\u5ea6\u5347\u7d1a\u3002\u7f8e\u570b\u7e3d\u7d71\u7279\u6717\u666e\u7c3d\u7f72\u4e09\u9805\u516c\u544a\uff0c\u5ba3\u4f48\u5c0d\u4e00\u7cfb\u5217\u52a0\u62ff\u5927\u5546\u54c1\u52a0\u5f8150%\u7684\u95dc\u7a05\uff0c\u6d89\u53ca\u725b […]<\/p>\n","protected":false},"author":27,"featured_media":565181,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431,2197],"tags":[2589,2171,2147,2177],"class_list":["post-652264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","category-2197","tag-precious-metals","tag-2171","tag--zh-hant","tag-2177","sectors--zh-hant","sectors-oil-gas-zh-hant","sectors-gold-zh-hant","locations-canada-zh-hant","exchange-tsx-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/652264","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=652264"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/652264\/revisions"}],"predecessor-version":[{"id":652267,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/652264\/revisions\/652267"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/565181"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=652264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=652264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=652264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}