Stock Track | MINIMAX-WP Soars 9.96% Intraday on Morgan Stanley Upgrade and Hang Seng Index Inclusion Expectations

Stock Track05-04

MINIMAX-WP (00100.HK) experienced a significant intraday surge, with its stock price soaring 9.96% during Monday's trading session.

The rally is attributed to a confluence of positive catalysts. Investment bank Morgan Stanley recently raised its target price on the AI firm from HKD 990 to HKD 1,100, maintaining an Overweight rating. The upgrade highlighted that Chinese AI firms like MiniMax have significantly improved engineering efficiency, narrowing the gap with top global models. The company's MiniMax M2.7 model has been recognized as a global first-tier model, with token consumption growing 4-6 times year-over-year, driven by breakthroughs in coding and agentic workflow capabilities.

Further boosting sentiment is the expectation that MiniMax will be included in the Hang Seng Tech Index around June 8, which is estimated to trigger combined passive fund inflows of USD 1.25 to 1.75 billion alongside peer Zhipu. Analysts also note that short-selling pressure on the stock has notably receded, opening what is described as a valuation recovery window for the shares.

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.

Comments

We need your insight to fill this gap
Leave a comment