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UBS Initiates Coverage on KNOWLEDGE ATLAS (02513.HK) w/ Rating Buy, TP $1,160
2026-04-21 11:03:26
UBS initiated coverage on Chinese large model developer, KNOWLEDGE ATLAS (02513.HK), with rating at Buy and a target price of $1,160. The broker noted that, KNOWLEDGE ATLAS has a decent track record in enhancing model intelligence, particularly in coding capabilities.

As enterprise AI demand is expected to reach an inflection point in early 2026, this could drive a commercialization breakthrough. Its strategy is similar to that of Anthropic, an US AI company.

KNOWLEDGE ATLAS' GLM-5.1 model achieved approx. eight hours of long-term task completion time (human-equivalent), ranking first among global open-source models and narrowing the gap with Anthropic, UBS added.

The broker was optimistic about its significant market potential, as improvements in model intelligence could expand use cases from developer-centric coding to a broader base of knowledge workers and enterprises.

KNOWLEDGE ATLAS' annual recurring revenue (ARR) surged from US$39 million in December 2025 to US$250 million in March 2026, representing a 6.4x incline.
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AASTOCKS Financial News
Website: www.aastocks.com