OSL GROUP (00863) Shares Rise Nearly 4% as OSL Pay Becomes a Key Focus Area; Citibank Optimistic About PayFi Business Boosting Revenue Growth

Stock News
Oct 22, 2025

OSL GROUP (00863) shares surged nearly 4%, currently up 3.82% at HKD 17.13, with a trading volume of HKD 22.2406 million. According to public information, OSL GROUP previously announced a strategic plan to collaborate with industry partners for investments of up to USD 30 million to accelerate the global development of the PayFi ecosystem. In April 2025, OSL launched OSL Pay, enhancing the conversion between fiat and cryptocurrencies; in July, it introduced OSL Biz Pay for enterprise payment services. In the first half of 2025, OSL Pay generated revenues of HKD 55.9 million, accounting for 29% of the group's total revenue, primarily driven by the European market, making it one of the company's key development areas. Citibank issued a report giving OSL GROUP a "Buy/High Risk" rating with a target price of HKD 21.8, which implies a 22x projected price-to-sales ratio for 2025. Citibank expressed confidence in OSL GROUP's focus on establishing a compliant digital asset exchange and payment gateway amid tighter regulatory scrutiny, citing the company's first-mover advantage in Hong Kong's cryptocurrency OTC market and a diversified product portfolio capturing stablecoin-related opportunities. The bank projects that growth in the PayFi business and the global expansion of regulated digital asset market operations will drive revenue growth of 80%, 60%, and 36% for the company between 2025 and 2027.

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