Guosheng Securities: Give MINIMAX a buy rating with a target price of HKD 1317.

Guosheng Securities released a research report on MINIMAX-W, first covering and giving a "buy" rating with a target price of 1317 Hong Kong dollars. The company's full-modal modeling capabilities are leading, and its product matrix covers the B/C end, with a revenue CAGR of 164.5% from 2026 to 2028. Based on the PS valuation method, a 75x P/S ratio is given for 2027, corresponding to a target price implying a forward PE ratio of approximately 27 times, reflecting its technological superiority and high growth potential.