Movement Alert|MINIMAX-W Rises 17.76% in Regular Trading, CICC Report Predicts Potential Inclusion in Hang Seng Index and Stock Connect

Market Focus
Jul 31

On July 31, MINIMAX-W surged 17.76% in regular trading, trading at 231.2 HKD/share, with turnover of HKD 341 million.

On the news front, CICC published a Hang Seng Index and Stock Connect adjustment preview report, noting that based on the HSI adjustment methodology, MINIMAX-W meets the criteria for inclusion in the Hang Seng Index and ranks among the top potential candidates. Additionally, as a weighted voting rights company listed on January 9, MINIMAX-W is expected to be included in Stock Connect in early August after satisfying the six-month and 20-trading-day listing requirements. The Hang Seng Index Company will announce official adjustment results after market close on August 21, with implementation on September 7.

Market analysis suggests that successful inclusion in both the Hang Seng Index and Stock Connect would attract substantial passive fund allocations and significantly enhance the stock's liquidity and market visibility. Multiple brokerages including Goldman Sachs, Guosheng Securities, and Haitong International have recently reiterated buy ratings, with Goldman Sachs maintaining an HKD 860 target price, citing the company's ARR growth trajectory targeting USD 1 billion for the full year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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