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<Research>UBS Sets MINIMAX-W's TP at HKD1,000; Investors Underestimate Multimodal Synergies
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Since its listing, MINIMAX-W (00100.HK)'s share price has surged by 371% cumulatively, reflecting investors' recognition of its unique positioning, UBS said in its research report.

However, MINIMAX-W's recent share price performance has lagged behind its peers. In UBS' opinion, the market has underestimated the company's breakthroughs in multimodal synergies and infrastructure advantages, which are expected to drive the next phase of model upgrades.

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UBS has given MINIMAX-W a Buy rating and a target price of HKD1,000.

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