Stock Track | MINIMAX-WP Soars 5.15% Intraday on Institutional Buy Ratings and Alipay Integration

Stock Track

06/18

MINIMAX-WP's stock soared 5.15% in intraday trading on Thursday.

The surge is supported by multiple bullish catalysts, including CMBI and Bank of America Securities initiating coverage with "Buy" ratings and 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.

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 declined due to concerns over share unlock pressure and a JPMorgan downgrade, but capital has returned following institutional endorsements and concrete business developments.

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