必和必拓

BHP BILLITON
Lex专栏:必和必拓的投资之道


几乎无论处于什么周期,必和必拓都能够在再投资于核心资产的同时投产新项目,必和必拓不应浪费这种竞争优势。

As significant as what BHP Billiton announced yesterday was what it didn't. Half-year results for the world's largest miner were better than expectations on almost every line: net income up 134 per cent, abundant free cash flow, net gearing less than half of the group's 10-year average. But there was no news of a widely anticipated share buy-back.

必和必拓(BHP Billiton)昨日公告中没有提及的内容,和公告提到的内容同样重要。这家manbetx app苹果 最大矿业集团的半年度业绩几乎在每个方面都好于预期:净利润增长134%,充裕的自由现金流,净负债率低于10年均值的一半。但必和必拓没有发布市场广泛预期的股份回购消息。

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