$MINIMAX-W(00100.HK)

MiniMax Group– Has it dropped too far?

MiniMax’s stock has fallen sharply from its post-IPO peak of over HK435 now, a drop of over 65%. The trend and price signals suggest the stock may be oversold.

On 8 June 2026, MiniMax was officially added to the Hang Seng Tech Index (HSTech). This inclusion triggers mandatory buying from passive index-tracking funds and, according to Morgan Stanley, could bring an estimated US1.75 billion in passive inflows.

As a result, this index addition may provide a buffer against continued selling pressure.

🔷Technical Snapshots

🟢Daily view: Price is below its mid-trend level but the RSI is near 26. A level that usually means it is oversold. It is also near its lower price band, which often means selling pressure is easing.

🟢Short-term view: On the hourly chart, the RSI is starting to recover, and prices are stabilizing. A small bounce is possible, but the stock still faces resistance at HK$444 and HK$482.

🔷Key Financial figures reported

🟢FY2025 sales: US$79.0 million (+159% year-on-year)

🟢Gross profit: US$20.1 million (+437% year-on-year)

🟢Profit margin: 25.4% (up 13.2% from last year)

🟢Has over 236 million users worldwide, and 214,000+ business/developer clients

🟢Over 70% of sales come from outside its home market

The company is still losing money as it spends heavily on AI development and global growth. Its sales growth is among the fastest in the AI industry.

🔍 What to look for

🟢For buyers: If it rises above HK$480, it could signal the trend is improving.

🟢For sellers: If it falls below HK$400, prices may drop further.

In short: MiniMax is a fast-growing AI company but expect ups and downs as investors weigh its fast growth against when it will turn a profit.

For quick visual breakdown, please refer to the infographic below.

Not financial advice. Always do your own research before investing.