TechFlow News: On March 20, Morgan Stanley released a research report on MINIMAX (00100.HK), initiating coverage with an “Overweight” rating and setting a target price of HK$990, implying a 2027E price-to-sales (P/S) ratio of 56x. The company has rapidly iterated its large language model to version M2.7, significantly enhancing OpenClaw’s performance—bringing it close to Sonnet 4.6 levels—and strengthening its AI-native capabilities and Agent ecosystem development, thereby bolstering future token growth potential. (Jin10)
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