Event-Driven

MiniMax-W (100 HK): Index Events Reassessed

11 May 2026 By Ke Yan, CFA
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Abstract: HSCI entry. MiniMax becomes a strong HSCI candidate for June 2026 with MV12 of HKD 225bn. HS TECH entry. We expect MiniMax to enter HS TECH at the May 2026 review. HSI barrier. The FY25 net loss will likely fail it for the immediate HSI review.

MINIMAX-WP (100 HK) Kuaishou (1024 HK) CHINA RESOURCES LAND (1109 HK) AIA (1299 HK) CHINA HONGQIAO (1378 HK) SENSETIME (20 HK) KNOWLEDGE ATLAS (2513 HK) Kingdee (268 HK) MIDEA (300 HK) HANSOH PHARMACEUTICAL (3692 HK) CATL (3750 HK) KINGSOFT (3888 HK) BEONE MEDICINES (6160 HK) LENOVO (992 HK) ALIBABA (9988 HK)

Highlighted Stocks

MINIMAX-WP, Kuaishou, CHINA RESOURCES LAND, AIA, CHINA HONGQIAO, SENSETIME, KNOWLEDGE ATLAS, Kingdee, MIDEA, HANSOH PHARMACEUTICAL, CATL, KINGSOFT, BEONE MEDICINES, LENOVO, ALIBABA

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