On June 18, MINIMAX-WP rose 3.93% in regular trading, trading at 454.8 HKD/share, with turnover of 35.48 million HKD, extending its recent rebound momentum.

On the news front, the stock continues to be supported by multiple bullish catalysts. CMBI and Bank of America Securities recently initiated coverage on MINIMAX-W with \"Buy\" ratings, setting target prices at 570 HKD and 500 HKD respectively. Both institutions highlighted the company's first-mover advantage in multimodal large models, cost-effective model capabilities, and global commercialization potential, projecting a total revenue CAGR of 181%. Additionally, MiniMax's latest large model M3 has been fully integrated into Alipay's Token Pay one-stop full-stack payment solution, reinforcing market expectations for accelerated commercialization.

The stock had previously experienced significant declines within the month due to concerns over share unlock pressure in July and a rating downgrade from JPMorgan to \"Neutral\" with a reduced target price of 400 HKD. Following the short-term oversold conditions, capital has returned on the back of institutional endorsements and concrete business developments.

(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.)