MINIMAX-W (00100) surged 5.07% in intraday trading on Wednesday, driven by a wave of bullish broker endorsements and positive company catalysts.
Guosheng Securities reiterated a Buy rating, highlighting that the company's M3 model achieves a 20-fold reduction in per‑token computation cost under one‑million‑token contexts—a significant cost‑performance improvement. Goldman Sachs also maintained a Buy with a HKD 860 target price, citing the upcoming H3 multimodal model and potential inclusion in Stock Connect in August as key catalysts. Haitong International kept an Outperform rating, noting the company's annual recurring revenue trajectory toward USD 1 billion.
The convergence of these institutional buy calls, combined with technical recovery after the previous session's decline, fueled the sharp intraday rally.