Stock Track | MINIMAX-W Soars 5.04% Intraday as HKEX Tech 100 Index Inclusion Takes Effect and Daiwa Initiates with Buy

Stock Track

08/13

MINIMAX-W's stock soared 5.04% intraday, reflecting strong buying interest in the session.

The surge followed the official inclusion of the stock in the HKEX Tech 100 Index and HKEX Tech & US Tech 100 Index, effective today, which is expected to attract passive allocation fund inflows. Additionally, Daiwa initiated coverage on MiniMax on August 12 with a "Buy" rating and a target price of HK$530, citing the company's focus on competitive model capabilities and cost efficiency. Daiwa noted that MiniMax is one of the few pure-play AI large model listed companies poised to benefit from China's AI commercialization trend, and its differentiated cost-performance positioning enables it to effectively capture demand from cost-sensitive enterprises and developers.

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