Movement Alert|MININGLAMP-W Rises 6.78% in Regular Trading, Board Reviews Interim Results as Tencent Procurement Cap Hike Fuels Momentum

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On August 31, MININGLAMP-W rose 6.78% in regular trading, trading at 44.3 HKD/share, with turnover of approximately 77.87 million HKD.

On the news front, the company's board of directors convened a meeting today to review and approve interim results for the six months ended June 30, and to discuss whether to recommend an interim dividend. The formal opening of the earnings disclosure window triggered a concentrated release of market positioning expectations.

Additionally, MININGLAMP-W had previously announced a supplementary framework agreement with Tencent Cloud for technology service procurement, with the annual cap significantly raised to approximately 1.279 billion RMB, sending a clear signal of AI service revenue scale expansion. A special general meeting is scheduled for September 15 to vote on the supplementary agreement. As a connected transaction involving major shareholder Tencent, which holds approximately 24.77% of the company, independent shareholder approval is required.

Earlier, multiple brokerages including Huaxing Securities and CITIC Construction Investment initiated coverage with Buy ratings, citing the company's Agentic AI services as a core growth engine. Huaxing Securities set a target price of 367.00 HKD based on 18x P/S, noting the market underestimates the monetization potential of its agentic AI capabilities.

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