Changes in Hong Kong stocks | White Pigeon Online (02672) once rose more than 8% to a new high MaaS revenue continues to rise, institutions say its uncertain discounts are being quickly eliminated

The Zhitong Finance App learned that White Pigeon Online (02672) once rose 8.59% to a high of HK$107.5, once again setting a new high since launch; as of press release, it had risen 6.46% to HK$105.4, with a turnover of HK$38.726 million.

According to the news, on October 21, White Pigeon disclosed an announcement on the progress of its MaaS business online. According to the data, in the first three quarters of 2026, Baige Online's MaaS service revenue was 62.1 million yuan, an increase of about 730.4% year on year; MaaS revenue in the third quarter was about 25.6 million yuan, an increase of about 29.33% over the previous month. The continued rise in MaaS revenue further validates the commercial viability of the company's AI risk control decision-making big model technology export strategy.

According to the Great Western Securities (Hong Kong) Research Report, White Pigeon was given an online “buy” rating. The target price is HK$200.0, corresponding to a total market value of approximately HK$64.19 billion. The bank believes that the research report believes that the company is in the window where AI platform-based value is being repriced by the market. The five changes point to the rapid elimination of uncertain discounts: the full circulation of H shares is being reviewed by the shareholders' meeting, the board of directors is being restructured and implemented, MaaS volume is being accelerated quarterly, the interim report confirms the inflection point of operations, and the AI industry's consensus on real-world data pricing is being strengthened.