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智譜(02513.HK)逆市升逾9% 中金及摩通齊升目標價
智譜(02513.HK)繼昨日狂飆近33%後,今早延續升勢,現升9.27%,報1,592元。繼摩通較早前將其目標價上調47%至1,400元後,中金昨日(15日)發表報告,看好Coding公司能力領先地位鞏固,升目標價39%至1,250元。評級「跑贏行業」。報告指,公司於6月13日宣布最新模型GLM-5.2面向GLM Coding Plan全量用戶開放,覆蓋L...
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智譜(02513.HK)逆市升逾9% 中金及摩通齊升目標價
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智譜(02513.HK)  +17.000 (+1.167%)    Short selling $92.75M; Ratio 2.042%   繼昨日狂飆近33%後,今早延續升勢,現升9.27%,報1,592元。繼摩通較早前將其目標價上調47%至1,400元後,中金昨日(15日)發表報告,看好Coding公司能力領先地位鞏固,升目標價39%至1,250元。評級「跑贏行業」。

報告指,公司於6月13日宣布最新模型GLM-5.2面向GLM Coding Plan全量用戶開放,覆蓋Lite/Pro/Max/團隊版;同時,公司宣布GLM-5.2API將於6月第三周正式上線並開源,遵循MIT協議。GLM-5.2作為公司目前最新一代和最智能的開源模型,持續聚焦Coding方向,並且將長上下文提升至1M Tokens,長程任務能力取得進步,在眾多開發者測評反饋中都取得優異口碑,是國產模型中首款真實能力達到Claude-Opus 4.6 的模型,編程能力穩居國產模型第一位並對標海外模型第一梯隊。

報告指,根據該行和眾多開發者測評,GLM-5.2整體編程能力相較GLM-5.1均有明顯進步,在具備優勢的後端領域多項測評任務已可以對標Claude Opus 4.6;前端任務的審美、精細度和可控性也有明顯提高,綜合編程能力繼續穩居國產模型第一,也是國模首個真實能力達到Opus 4.6 的模型,並逐步拉開和其他國產模型的差距。

上下文提升至1M Tokens,長程任務能力明顯提高。該行認為,GLM-5.2 在模型基礎架構層面做了較多優化,上下文長度從200K提升至 1M Tokens,補齊了此前GLM-5.1 在長程任務方面的能力短板,在真實複雜編程場景中的可用度大幅提升,同時完成複雜多輪次Agent任務的能力也進步明顯。(ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-16 16:25.)

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