STOCKS | Parabola Intelligence Jumps 12.7% After Macquarie Starts Coverage

Parabola Intelligence (06682) rose 12.7% to HK$30.44, with about 19.19 million shares traded for HK$574 million, after Macquarie initiated coverage with an Outperform rating and a target price of HK$59, according to ETNet. Macquarie said Parabola Intelligence is increasingly shifting from a traditional AI software company toward an AI infrastructure platform. It forecast full-year revenue of RMB 10.95 billion, up 53.5% year on year, and said operating leverage should improve as revenue growth outpaces cost, research and operating expense growth. The company’s interim results for 2026 showed first-half revenue rose 43.4% and net profit swung to a profit of RMB 119 million from a loss. Parabola Intelligence said the stronger revenue growth was driven by continued upgrades to its shared technology platform across business lines, which lifted token throughput efficiency for owned and leased computing resources and accelerated business revenue growth.