Citibank reiterated its "buy" rating on OSL Group.

PANews reported on January 27 that Citibank released a new research report stating that OSL Group (863.HK) recently announced a 129% to 166% year-on-year increase in adjusted revenue from its digital asset and blockchain platform business, reflecting strong momentum in the company's core business. Citibank maintains its "Buy" rating on OSL Group with a target price of HK$21.8 per share.

OSL Group previously disclosed in an announcement that it would make significant investments in fiscal year 2025 to lay a solid foundation for future growth. Citigroup stated in its report that OSL Group is at a critical stage of global expansion, and its increased investment in infrastructure is crucial for future growth. The bank added that in 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 its payments business to gain a first-mover advantage in the industry.