On July 30, MINIMAX-W rose 4.04% in regular trading, trading at 219.0 HKD/share, with turnover of approximately 88.49 million HKD.
On the news front, multiple brokerages have recently issued bullish reports creating positive resonance. Goldman Sachs reiterated its Buy rating with an 860 HKD target price, while Guosheng Securities highlighted that the company's M3 model requires only 1/20th of the per-token computation compared to its predecessor under one-million-context conditions. Haitong International maintained its Outperform rating, noting MINIMAX-W's deep accumulation in computing infrastructure, general model architecture, and multimodal products.
The company recently completed approximately 16.04 billion HKD in share placement and zero-coupon convertible bond financing, with 80% allocated to AI infrastructure upgrades and model R&D. The stock's continued strength also reflects extended bullish sentiment following the previous trading day's strong rebound of over 11%, as technical recovery from earlier corrections and institutional endorsements continue to support share price momentum.
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