HSI Adds 19 Pts for Day; BYD ELECTRONIC Jumps 6.3% Ahead of Results, OOIL Sinks 8.7% Post-results; Z.AI and MINIMAX-W Under Pressure
AASTOCKS News·- The Hong Kong Hang Seng Index closed up 19 pts at 25,584 amid stock futures settlement, with total market turnover reaching HKD231.209 billion. - Individual stock movements saw OOIL drop 8.65% following a nearly 24% profit decline, while BYD Electronic surged 6.27% ahead of its results. - AI sector stocks faced downward pressure, with Z.AI plunging 6.03% and MINIMAX-W sliding 4.51% after target price adjustments.MiniMax Price Target Raised to HK$580 on Surging Revenue, Strong Monetization, and Improving Margins; Buy Rating Reiterated
Tip Ranks·- CMB International Securities analyst Heidi Ho reaffirmed a Buy rating on MiniMax and raised its target price to 580 HKD. - The rating is driven by rapid revenue growth exceeding market expectations, pushing annual recurring revenue past $ 800 million. - Improved infrastructure efficiency and decreasing cost pressures also contributed to the upward revision of financial projections.