STOCKS | Goldman Sachs Cuts MiniMax (0100) Target Price to HK$860 From HK$1,000

Goldman Sachs cut its target price on MiniMax (0100) to HK$860 from HK$1,000. The move reflects expectations that a more aggressive price-cutting strategy will hurt gross margin for its base text-model API business and widen forecasts for the company’s net loss, according to Ming Pao,