UBS noted that MINIMAX-W (00100.HK) +3.000 (+0.358%) Short selling $236.78M; Ratio 5.101% 's ARR growth is accelerating. ARR in April swelled by more than 100% compared with February, further accelerating from the over 50% growth recorded between February and last December. Management targets achieving USD1 billion in ARR by end-2026. UBS maintained a Buy rating on the stock with a TP of HKD1,000.The broker said rapid growth in API and Token plan revenue is the key driver, with its revenue contribution rising from less than 30% in 2025 to nearly 50% currently. Meanwhile, subscription revenue from the Hailuo AI application remains solid. Related News CICC: Focus on Positive Capital Flow Impact from Index Review on BEONE MEDICINES (06160.HK), J&T EXPRESS-W (01519.HK), KNOWLEDGE ATLAS (02513.HK) and MINIMAX-W (00100.HK)UBS viewed MINIMAX-W's recent inclusion in the HSTECH and the Hang Seng Composite Index as positive factors, and expected upcoming model iterations and potential inclusion in Southbound Stock Connect to serve as catalysts. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-29 16:25.)
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