BABA Diamond Holder$MINIMAX-W(00100.HK)
MiniMax Group (HK): Buy Call or Wait-and-See?
The Current price is at HKD 346.6.
✅ Analyst View
Goldman Sachs’ Ronald Keung kept a Buy rating on 3 July with a HK$860 price target — implying ~148% upside.
⚠️ Key Events Ahead
A major lock‑up expiration and HKD 600 million share incentive plan are coming this week.
MiniMax is one of six firms facing unlocks: 45% of its total shares will become freely tradable, while peer Shanghai Iluvatar CoreX Semiconductor sees 4.3% of its shares released.
These events raise the risk of increased supply and near‑term volatility.
🔷Technical Snapshots
The stock remains in a clear downtrend:
🟢Trading far below the 20‑day SMA (~HKD465) and upper Bollinger Band (~HKD618)
🟢Making lower highs and lower lows; rallies are being sold into
🟢Near the lower band (~HKD312) with RSI ~33 — oversold, but no reversal signal yet
🟢Support: HKD320–340; next at HKD300 if broken
🟢Resistance: HKD465 → HKD620 → HKD700–750
🔷The Verdict
The fundamental case looks promising but the technicals and upcoming supply pressure create risk.
Personally I do not think it is an immediate buy now. Wait for it to hold above HKD340 and break HKD465 on strong volume before considering entry.
Fundamentals will also need to improve to sustain a turnaround.
Not financial advice. Please do your own DD.
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