HSI Rises 8 Points at Midday as KNOWLEDGE ATLAS Jumps Nearly 15%; MINIMAX Sells at 78% Premium Over Listing Price
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6d ago
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Source: aastocks
Market Overview: Hong Kong stocks showed slight gains in the morning session, with the HSI up 8 points to 26,158 and total half-day turnover reaching $135.217 billion.
Stock Movements: HANG SENG BANK rose 0.3% following the approval of its privatization, while HSBC HOLDINGS fell 0.6%. CKH HOLDINGS increased by 1.5% as it sought dual listing support from Goldman Sachs and UBS.
AI-Related Stocks Performance: Several AI-related stocks, including GDS-SW and FOURTH PARADIGM, saw gains of over 3%, while KNOWLEDGE ATLAS surged by 14.9%. Conversely, UNISOUND experienced a significant drop of 9.5%.
IPO Highlights: The IPO MINIMAX-WP saw a remarkable increase of 80.5%, trading at $294, significantly above its initial listing price of $165.
Analyst Views on 00001
Wall Street analysts forecast 00001 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00001 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 59.250
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Current: 59.250
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About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





