Morgan Stanley: MiniMax-W (00100.HK) M3.1 Flash pricing is competitive; maintains "Overweight" rating with a target price of HK$900

Zhitong Finance APP has learned that Morgan Stanley has issued a research report maintaining an "Overweight" rating on MiniMax-W (00100.HK) with a target price of HK$900. The bank noted that MiniMax officially launched the M3.1 Flash model on Monday of this week (October 19), and has not yet disclosed the model parameters and licensing information. The model shows significant improvements in agentic workflows, coding, computer use, and cybersecurity, with a DeepSWE score of 73.7%, an OSWorld V2 score of 61.7, and a CyberGym score of 82%, among which its OSWorld V2 and CyberGym scores rank among the top among leading Chinese models.