HK Stock Market Move | BAIGE DIGITAL (02672) once surged over 8% to hit a new high, with MaaS revenue continuing to grow rapidly; institutions say its uncertainty discount is rapidly being eliminated.

BAIGE DIGITAL (02672) once rose 8.59% to a high of HK$107.5, hitting a new high since listing again; as of press time, it was up 6.46% at HK$105.4, with a turnover of HK$34.8726 million. On the news front, on October 21, BAIGE DIGITAL disclosed an announcement on the progress of its MaaS business. Data showed that in the first three quarters of 2026, BAIGE DIGITAL's MaaS service revenue was RMB62.1 million, a year-on-year increase of approximately 730.4%; MaaS revenue in the third quarter was approximately RMB25.6 million, a quarter-on-quarter increase of approximately 29.33%. The continued rapid growth of MaaS revenue further validates the commercial feasibility of the company's strategy of exporting technology from its AI risk-control decision-making large model. A research report by Daiwa (Hong Kong) pointed out that it gave BAIGE DIGITAL a "Buy" rating. The target price is HK$200.0, corresponding to a total market capitalization of approximately HK$64.19 billion. The bank believes, and the research report believes, that the company is in a window where the value of AI platformization is being repriced by the market, and five changes indicate that the uncertainty discount is rapidly being eliminated: full circulation of H shares has entered shareholder meeting review, the board restructuring has been implemented, MaaS volume expansion is accelerating quarter by quarter, the interim report confirms an operating inflection point, and the AI industry's consensus on the pricing of real-world data is strengthening.