MINIMAX-WP Surges Over 5% in Afternoon Trading on Inclusion in Hang Seng Tech Index

Deep News

May 27

MINIMAX-WP (00100) saw its stock price surge over 11% during the session. At the time of writing, the stock was up 5.66%, trading at HKD 812.50 with a turnover of HKD 2.238 billion.

On May 22, Hang Seng Indexes Company announced its quarterly review results, with MINIMAX-WP being included in the Hang Seng Tech Index. The changes will take effect from June 8. CICC noted that due to MINIMAX's weighted voting rights structure, it must meet additional conditions of being listed for at least six months and 20 trading days, therefore it will not be included in the Hong Kong Stock Connect in the upcoming June adjustment. If it subsequently meets the market capitalization and turnover requirements, it is expected to be included in the Hong Kong Stock Connect by August.

Jefferies previously pointed out that the company's upcoming new model is highly anticipated, with M3.0 and Hailuo 3.0 expected to be released around mid-year. It is believed that MiniMax demonstrates strong execution capabilities and provides a better user experience through a synergistic closed-loop model and framework. This integration is expected to serve as another accelerator, as the framework can capture high-value real-world interaction data and detailed user feedback.

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