Core Viewpoint - The article highlights the performance of the Hong Kong stock market on January 8, 2023, with a notable increase in MINIMAX's stock price ahead of its IPO, indicating strong investor interest in AI-related companies [2][9]. Market Performance - On January 8, the Hang Seng Index fell by 1.17% to 26,149.31 points, with a total market turnover of HKD 268.3 billion and net selling by southbound funds amounting to HKD 4.901 billion [2][3]. - The Hang Seng Technology Index decreased by 1.05%, while the Hang Seng China Enterprises Index dropped by 1.09% [3]. Sector Performance - The technology sector saw more declines than gains, with automotive dealership stocks collectively falling, while military stocks showed strength, particularly China Shipbuilding Defense, which rose by 6.59% [4][5]. Military Industry Outlook - A report from Guotai Junan indicates a positive long-term trend for the military industry, driven by the Chinese government's commitment to modernizing defense and military capabilities as outlined in the recent Central Committee meeting [6]. IPO Highlights - MINIMAX, an AI company, is set to debut on the Hong Kong Stock Exchange on January 9, 2023, with its shares trading at HKD 208.00 in the dark market, reflecting a 26.06% increase from the offering price [9][10]. - The IPO was significantly oversubscribed, with a subscription rate of 1,209 times for the public offering portion [12]. - Key cornerstone investors in MINIMAX include major funds and institutions, collectively subscribing to 18,034,240 shares, representing 71.03% of the offering [11]. Other IPOs - On the same day, three new stocks were listed on the Hong Kong Stock Exchange, with notable gains: Jingfeng Medical-B up by 30.90%, Tianshu Zhixin up by 8.44%, and Zhipu AI, the first global model company, up by 13.17% [8]. Company Ratings - Daiwa raised the rating for Goldwind Technology from "Hold" to "Outperform," citing potential investment returns and a share buyback plan that could support the stock price [14].
暗盘大涨26%！