HK Stock Market Move | Knowledge Atlas (02513) rose more than 5%, released GLM-5-Turbo and raised API prices. CICC raised target price to 800 Hong Kong dollars.

KNOWLEDGE ATLAS (02513) rose more than 5% in the afternoon, rising by 4.96% as of the time of publication to 635 Hong Kong dollars, with a turnover of 1.057 billion Hong Kong dollars. On the news front, KNOWLEDGE ATLAS released its first general large model GLM-5-Turbo optimized for lobster scenes yesterday, and at the time of release, it simultaneously raised the API price of GLM-5-Turbo by 20%. According to the ZClawBench benchmark evaluation for end-to-end lobster evaluation, GLM-5-Turbo's performance in the OpenClaw scene has significantly improved compared to GLM-5, leading in overall performance in several key tasks compared to many mainstream models. China Jin believes that the popularity of OpenClaw has generated incremental demand for agent deployment by personal and corporate users, and the introduction of GLM-5-Turbo may accelerate the penetration of agent capabilities across various industries, becoming a new growth engine to drive the rapid expansion of company APIs in addition to coding. The bank noted that due to the rapid iteration of the company's model capabilities, they are optimistic about the long-term API acceleration release potential of the company, and have raised their target price by 16% to 800 Hong Kong dollars.