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MINIMAX-W Jumps 10%; G Sachs Upgrades Rating to Buy
Recommend 65 Positive 122 Negative 55 |
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MINIMAX-W (00100.HK) opened 5.05% higher this morning and once peaked at HKD809.5. It last traded at HKD787.5, up 10.45%, with a volume of 1.1652 million shares, involving HKD916 million. Goldman Sachs has published a research report upgrading MINIMAX-W (00100.HK)'s rating from Neutral to Buy. The broker also expects BABA-W (09988.HK)'s cloud revenue growth to accelerate. At the internet application level, Goldman Sachs cited QuestMobile data as showing that total usage time of China's top 400 apps rose by 6% YoY in March 2026. Among them, TENCENT (00700.HK)'s WeChat usage time increased by 4% YoY. E-commerce platform usage time also grew by 11% YoY, with JD-SW (09618.HK), PDD (PDD.US), and Taobao recording growth of 27%, 11%, and 8%, respectively. In contrast, MEITUAN-W (03690.HK) saw usage time drop by 4% YoY, despite a 4% YoY increase in the local lifestyle services sector. BOSS ZHIPIN-W (02076.HK), a recruitment platform, recorded surges of 11% and 15% YoY in MAU and usage time in March, outperforming the industry average. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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