$MINIMAX-W(00100.HK)
🤖 Is the AI Rally Cooling? MiniMax Down 80% — Time to Buy?
MiniMax Group has plunged from roughly HK$900 down to just HK$182.1, an 80% drop 📉.
Is this a deep discount or is the market signalling real risks in AI stocks?
Here is the full picture:
🚀 The Positives
1️⃣ Revenue exploded and up 283.1% year-on-year in the first half of 2026, reaching US$116.6 million
2️⃣ Gross margin improved from 12.1% to 17.9%
3️⃣ Strong cash position. About US$1.32 billion in the bank gives the company plenty of runway
⚠️ The Concerns
1️⃣ Still deep in the red
The adjusted net loss hit US$293 million for the first half.
2️⃣ Heavy R&D spending continues
The company profitability remains uncertain.
3️⃣ Price keeps falling
Technically it is still in a clear downtrend. Oversold conditions do not automatically mean good value and a bounce is not guaranteed.
💡 The Big Question
Can MiniMax turn that fast revenue growth into consistent profits before investors lose confidence?🤔
A lower share price does not mean that it is being cheap. Investors are concerned with the current valuation, the cash burn, the margins and the path to sustainable earnings. All these matters more than just the price drop alone.
🤔 Would you catch the train to buy at HK$182.1, wait for the trend to turn or stay on the sidelines?
Let us discuss what you think below!
Not financial and investment advice. Always do your own due diligence.😌
