On August 17, MINIMAX-W rose 3.59% in regular trading, trading at 341.8 HKD/share, with turnover of 958 million HKD. The stock is staging a technical recovery after plunging over 11% on August 14 amid a broad selloff in AI concept stocks.

On the news front, the company announced that its board will review and approve interim results for the six months ended June 30 on August 26, with a management conference call scheduled the same evening. The market holds elevated expectations as ARR surged from approximately USD 100 million in December to approximately USD 430 million by April, while management has expressed confidence in achieving at least USD 1 billion ARR by year-end.

Institutional sentiment remains supportive. Daiwa recently initiated coverage with a Buy rating and a 530 HKD target price, noting the stock has corrected over 70% from its March peak and offers an attractive entry point. Additionally, MINIMAX-W was included in Stock Connect on August 6 and the HKEX Tech 100 Index effective August 13, reinforcing sustained capital inflows.

(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.)