CMB International Lifts MINIMAX-W Price Target to HK$580, Maintaining "Buy" Rating

Stock News11:00

CMB International has released a research report indicating that MINIMAX-W (00100) exceeded market expectations with its total revenue in the first half of fiscal 2026. Given the company's strong commercialization performance and the upcoming launch of new models, the brokerage has maintained its "Buy" rating on MINIMAX-W, raising the price target from HK$570 to HK$580.

The firm has revised its total revenue forecasts for MINIMAX-W for fiscal years 2026-2028 upward to US$517 million, US$1.389 billion, and US$2.682 billion, respectively, compared with previous estimates of US$285 million, US$743 million, and US$1.748 billion. This adjustment reflects the robust commercialization momentum following the rollout of the M3 and H3 models. The updated target price is based on a 50x price-to-sales ratio for fiscal 2026.

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