On July 29, MINIMAX-W rose 3.45% in regular trading, trading at 203.0 HKD/share, with turnover of HKD 18.26 million. The stock rebounded after a roughly 6% pullback in the prior session, supported by a cluster of bullish broker endorsements.

On the news front, Guosheng Securities published a research note on the previous trading day reiterating a Buy rating, highlighting that the company's M3 model requires only 1/20 of the per-token computation of its predecessor under one-million-token context windows, representing a significant cost-performance improvement. Goldman Sachs had also reiterated its Buy rating with a target price of HKD 860, citing the upcoming H3 multimodal model and potential inclusion in Stock Connect in August as positive catalysts. Haitong International maintained an Outperform rating, noting the company's ARR trajectory targeting USD 1 billion for the full year.

The convergence of institutional buy calls created positive resonance, while technical recovery demand following the prior session's decline provided additional support for the price stabilization.

(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.)