MINIMAX-WP's stock soared 22.79% on Monday to a record high of HK$835.
The rally is attributed to the recent launch of the company's latest flagship programming model, MiniMax M2.5. Described as the world's first production-grade model natively designed for Agent scenarios, it supports full-stack programming development across PC, App, and cross-platform applications, generating investor optimism.
Furthermore, Guotai Haitong issued a research report initiating coverage on MiniMax with an "Overweight" rating and a target price of HK$620. The report highlighted the company's leading performance in full-stack self-developed multimodal large models, its high proportion of overseas revenue, and ample cash reserves, projecting strong future growth and reinforcing positive market sentiment.