Zhaoyin International: Raises the target price for MINIMAX-W (00100) to HKD 580, maintains "Buy" rating.
MINIMAX-W (00100) reported total revenue in the first half of 2026 exceeding market expectations. Considering the company's strong commercialization performance and the upcoming new model launch, CIB International maintains a "Buy" rating on MINIMAX-W, with the target price raised from HKD 570 to HKD 580.
CMB International released a research report stating that MINIMAX-W (00100) had total revenue in the first half of 2026 that exceeded market expectations. Considering the company's strong commercialization performance and the upcoming launch of new models, CMB International maintains a "Buy" rating for MINIMAX-W, raising the target price from HKD 570 to HKD 580. The firm has raised its total revenue forecasts for the company for 2026-2028 to USD 517 million, USD 1.389 billion, and USD 2.682 billion, respectively, up from USD 285 million, USD 743 million, and USD 1.748 billion, reflecting the strong commercialization performance following the launch of the M3 and H3 models. The current target price is based on a 50 times price-to-sales ratio for 2026.
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