BAIGE DIGITAL Jumps Nearly 7% to Record High; Western Securities (Hong Kong) Issues Buy Rating

Deep News12:00

BAIGE DIGITAL (02672) rose as much as 8.59% intraday to a high of HK$107.50, setting a new record since its listing; as of press time, the stock is up 6.57% at HK$105.50, with turnover of HK$56.635 million.

On October 21, BAIGE DIGITAL disclosed an announcement on the progress of its MaaS business. Data shows that in the first three quarters of 2026, BAIGE DIGITAL's MaaS service revenue reached RMB 62.10 million, representing a year-on-year increase of approximately 730.4%; MaaS revenue in the third quarter was approximately RMB 25.60 million, up about 29.33% quarter-on-quarter. The continued rapid growth of MaaS revenue further validates the commercial viability of the company's strategy of exporting its AI risk-control decision-making large model technology.

Western Securities (Hong Kong) stated in a research report that it assigned a "Buy" rating to BAIGE DIGITAL, with a target price of HK$200.0, corresponding to a total market capitalization of approximately HK$64.19 billion. The firm believes that the company is in a window where the value of its AI platformization is being repriced by the market, and five key changes point to a rapid elimination of the uncertainty discount: full circulation of H-shares has entered shareholder meeting review, board restructuring has been implemented, MaaS volume expansion is accelerating quarter by quarter, the interim report confirms an operational inflection point, and consensus on pricing real-world data in the AI industry is strengthening.

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Data shows that in the first three quarters of 2026, BAIGE DIGITAL's MaaS service revenue reached RMB 62.10 million, representing a year-on-year increase of approximately 730.4%; MaaS revenue in the third quarter was approximately RMB 25.60 million, up about 29.33% quarter-on-quarter. The continued rapid growth of MaaS revenue further validates the commercial viability of the company's strategy of exporting its AI risk-control decision-making large model technology.<br><br>Western Securities (Hong Kong) stated in a research report that it assigned a \"Buy\" rating to BAIGE DIGITAL, with a target price of HK$200.0, corresponding to a total market capitalization of approximately HK$64.19 billion. 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