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The Zhitong Finance App learned that CMB International released a research report saying that Zhi Spectrum (02513.HK) recently released GLM-5.3. The bank believes that the programming and agent capabilities of GLM-5.3 have improved significantly, while at the same time achieving a better balance between model performance and token efficiency. The model also shows initial cybersecurity capabilities. In particular, the cybersecurity task chain performs better than the front-end link, but there is still room for further improvement in the complete vulnerability utilization chain tasks. The bank believes that the release of GLM-5.3 will be a positive catalyst for the stock price, and continues to be optimistic about Zhipu's long-term growth prospects and reaffirms its “buy” rating, with a target price of HK$1503.9.

Zhitongcaijing·08/17/2026 09:33:03
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The Zhitong Finance App learned that CMB International released a research report saying that Zhi Spectrum (02513.HK) recently released GLM-5.3. The bank believes that the programming and agent capabilities of GLM-5.3 have improved significantly, while at the same time achieving a better balance between model performance and token efficiency. The model also shows initial cybersecurity capabilities. In particular, the cybersecurity task chain performs better than the front-end link, but there is still room for further improvement in the complete vulnerability utilization chain tasks. The bank believes that the release of GLM-5.3 will be a positive catalyst for the stock price, and continues to be optimistic about Zhipu's long-term growth prospects and reaffirms its “buy” rating, with a target price of HK$1503.9.