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Hang Seng Tech Gets $1.5B, Targets Raised to 1,100 HKD

5/4/2026

26 2 Full Breakdown

Summary

Story summary

The Hang Seng Tech Index will receive $1.25-$1.75 billion on June 8 when Knowledge Atlas and MiniMax join, with Morgan Stanley raising targets to 990 HKD (560 HKD) and 1,100 HKD (990 HKD).
The index is down more than 11% in 2026, with Alibaba as Morgan Stanley’s top internet pick for AI exposure.
Q1 fees rose to 17% of fees from 5% a year earlier, with analysts expecting $1 billion earnings this year and $2 billion next year.

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Story summary

The Hang Seng Tech Index will receive $1.25-$1.75 billion on June 8 when Knowledge Atlas and MiniMax join, with Morgan Stanley raising targets to 990 HKD (560 HKD) and 1,100 HKD (990 HKD).
The index is down more than 11% in 2026, with Alibaba as Morgan Stanley’s top internet pick for AI exposure.
Q1 fees rose to 17% of fees from 5% a year earlier, with analysts expecting $1 billion earnings this year and $2 billion next year.