Movement Alert｜MINIMAX-WP Falls 9.04% in Regular Trading, Hang Seng Tech Index Inclusion Triggers Sell-the-News Pressure Amid Lock-Up Expiry Concerns

Market Focus09:44

On June 8, MINIMAX-WP declined 9.04% in regular trading, trading at 508.0 HKD/share, with trading volume of HKD 334 million.

On the news front, today marks the first trading day of MINIMAX's formal inclusion in the Hang Seng Tech Index. The market had fully priced in this event beforehand, prompting investors to take profits on a classic sell-the-news basis once the inclusion became effective. Additionally, the company's share lock-up period is expected to expire in early July, compounding near-term selling pressure.

Further weighing on sentiment, the company announced on May 31 that it had engaged CITIC Securities as advisor for a potential Science and Technology Innovation Board (A-share) listing, triggering a 15.71% single-day drop on June 1. Since that announcement, the stock has been in sustained decline. On fundamentals, MINIMAX reported full-year revenue of approximately USD 79 million with an adjusted net loss of USD 251 million, remaining unprofitable as it scales its AI infrastructure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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