The roster of stocks eligible for the Stock Connect (Southbound) scheme has been updated, with MiniMax and a number of other firms being included from the 6th onwards. By the time of reporting, MiniMax's stock price had skyrocketed by more than 17%. This week, MiniMax made its new-generation, versatile multimodal generative model, MiniMax H3, open-source. This model has excelled in various international assessments, garnering accolades from prominent industry experts and securing the top spot for popularity on the Hugging Face platform. Jefferies recently reaffirmed its 'buy' recommendation for MiniMax, setting a target price of HKD 1,118. The firm believes that the model cements MiniMax's competitive edge in the AI video generation sector, with cost efficiencies supporting the acquisition of more enterprise clients and speeding up the commercialization process.