The Zhitong Finance App learned that Shangtang-W (00020) rose by more than 6%, with a cumulative increase of more than 50% this week. As of press release, it had risen 6.02% to HK$0.88, with a turnover of HK$416 million.
Haitong International published a report. Shangtang recently launched the “Daily New 5.0” model with 600 billion parameters, which greatly improved knowledge, mathematics, reasoning and coding abilities, and comprehensively benchmarked GPT-4 Turbo. According to the report, “Nishi-Nisshin 5.0” not only targets GPT-4 Turbo, but also performs better than GPT-4 Turbo in the Chinese context.
According to the report, since the current commercialization path for generative artificial intelligence is still vague, it is believed that Shang Tang is greatly underestimated. Considering the rarity of computing power infrastructure, the valuation is based on a net asset value method. The company's AI infrastructure and big language model are still far from generating profits. Maintaining an excellent market rating, the target price of HK$1.5 is believed to be well positioned under the GenAI boom.