Magi: The intelligent map database will benefit from the release of the new open-source model.

Ellie Jiang of Macquarie Capital stated in a research report that Intellian will benefit from the release of its new open-source model. The Director of Asian Internet and Media Research said that the release of GLM-5.2 could enhance the company's pricing power in future subscription plans, which should continue to drive strong annual recurring revenue momentum. She added that key catalysts include the API plan and pricing details of the new model, as well as independent benchmark test coverage. Macquarie Capital maintains an outperform rating on the stock with a 12-month target price of HK$1,221.40.