Citibank reaffirms OSL Group's "Buy" rating

PANews January 27 News, Citibank released the latest research report stating that OSL Group (863.HK) announced that the company’s adjusted digital asset and blockchain platform business revenue increased by 129% year-on-year to 166%, reflecting strong momentum in the company’s core business development. The bank maintains a “Buy” rating for OSL Group with a target price of HKD 21.8 per share. Previously, OSL Group disclosed in its announcement that the company made significant investments in fiscal year 2025 to lay a solid foundation for future growth. Citibank stated in the report that OSL Group is at a critical stage of global expansion, and its increased investment in infrastructure is vital for future growth. The bank also mentioned that during a recent conference call with OSL Group, management indicated that 2025 and 2026 are key periods for the company to build infrastructure, accelerate global expansion, and expand payment services to gain a first-mover advantage in the industry.