Stock Track | MINIMAX-WP Soars 5.38% Intraday on Bank Buy Ratings and Alipay Partnership

Stock Track

06/17

MINIMAX-WP's stock price soared 5.38% during intraday trading on Wednesday, marking a significant upward movement.

The surge follows recent initiation of coverage by CMBI and Bank of America Securities, both assigning Buy ratings with target prices of 570 HKD and 500 HKD respectively. The banks highlighted the company's first-mover advantage in multimodal large models, high cost-performance capabilities, and strong global commercialization potential.

Additionally, MiniMax announced that its latest M3 model has been fully integrated with Alipay Token Pay, a one-stop payment solution, accelerating expectations for commercial monetization. The stock, which had been under pressure from factors including its exclusion from Stock Connect and an upcoming share unlock, appears to be rebounding from an oversold condition as capital returns to the market.

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