{"id":"VAL-025","title":"股息折現估值","chart":"multi","metric":"股息折現價值（報價貨幣 / 股）","secondary":"所需股權報酬率（%）","x":"預測年度","y":"每股股息 / 價值","sample":true,"as_of":"2026-10-16","symbol":"0700.HK","period":"1Y","benchmark":"HSI","symbol_name":"騰訊控股","benchmark_name":"恒生指數","currency":"HKD","period_start":"2025-10-16","period_end":"2026-10-16","summary":[{"key":"latest","label":"最新值","value":1.5,"unit":"HKD"},{"key":"average","label":"期間平均","value":1.53,"unit":"HKD"},{"key":"high","label":"期間最高","value":1.59,"unit":"HKD"},{"key":"low","label":"期間最低","value":1.48,"unit":"HKD"}],"panels":[{"title":"每股股息預測","subtitle":"股息折現價值（報價貨幣 / 股）","chart":"multi","labels":["2025Q4","2026Q1","2026Q2","2026Q3"],"series":[{"name":"股息折現價值（報價貨幣 / 股）","data":[1.48,1.56,1.59,1.5],"unit":"HKD","axis":"left"},{"name":"20期平滑值","data":[1.68,1.77,1.78,1.79],"unit":"HKD","axis":"left"}],"columns":[],"rows":[],"x_labels":["2025Q4","2026Q1","2026Q2","2026Q3"],"y_labels":[],"calendar_range":"","x_name":"預測年度","y_name":"股息折現價值（報價貨幣 / 股）","unit":"HKD"},{"title":"折現貢獻","subtitle":"所需股權報酬率（%）","chart":"bar","labels":["2025Q4","2026Q1","2026Q2","2026Q3"],"series":[{"name":"所需股權報酬率（%）","data":[21.98,17.92,-4.61,16.37],"unit":"%","axis":"left"}],"columns":[],"rows":[],"x_labels":["2025Q4","2026Q1","2026Q2","2026Q3"],"y_labels":[],"calendar_range":"","x_name":"預測年度","y_name":"所需股權報酬率（%）","unit":"%"},{"title":"股權成本敏感度","subtitle":"股息折現價值（報價貨幣 / 股） 與 所需股權報酬率（%）","chart":"table","labels":["2025Q4","2026Q1","2026Q2","2026Q3"],"series":[{"name":"股息折現價值（報價貨幣 / 股）","data":[1.48,1.56,1.59,1.5],"unit":"HKD"}],"columns":[{"key":"label","label":"預測年度"},{"key":"value","label":"股息折現價值（報價貨幣 / 股）"},{"key":"comparison","label":"所需股權報酬率（%）"},{"key":"date","label":"資料日期（示例）"}],"rows":[{"label":"2025Q4","value":1.48,"comparison":21.98,"date":"2025-12-31"},{"label":"2026Q1","value":1.56,"comparison":17.92,"date":"2026-03-31"},{"label":"2026Q2","value":1.59,"comparison":-4.61,"date":"2026-06-30"},{"label":"2026Q3","value":1.5,"comparison":16.37,"date":"2026-09-30"}],"x_labels":["2025Q4","2026Q1","2026Q2","2026Q3"],"y_labels":[],"calendar_range":"","x_name":"預測年度","y_name":"資料明細","unit":""}],"rows":[{"label":"2025Q4","value":1.48,"comparison":21.98,"date":"2025-12-31"},{"label":"2026Q1","value":1.56,"comparison":17.92,"date":"2026-03-31"},{"label":"2026Q2","value":1.59,"comparison":-4.61,"date":"2026-06-30"},{"label":"2026Q3","value":1.5,"comparison":16.37,"date":"2026-09-30"}],"columns":[{"key":"label","label":"預測年度"},{"key":"value","label":"股息折現價值（報價貨幣 / 股）"},{"key":"comparison","label":"所需股權報酬率（%）"},{"key":"date","label":"資料日期（示例）"}]}