Guojin Securities: First gives "buy" rating to OSL Group (00863.HK) with a target price of HK$21.

Wisdom Financial APP learned that Guojin Securities released a research report predicting that OSL Group (00863.HK) will achieve revenues of 6.7/11.9/18.1 billion Hong Kong dollars in 2025/2026/2027 respectively, with a target price of 21 Hong Kong dollars, and initiating coverage with a "buy" rating. The company's revenue composition mainly includes income from digital asset trading, which accounted for 51% of total revenue in the first half of 2025. In the first half of 2025, trading volume reached 68.2 billion Hong Kong dollars, a year-on-year increase of 200%; by the end of the first half of 2025, custodial assets reached 5.7 billion Hong Kong dollars, a year-on-year increase of 50%. In the first half of 2025, the company continued to operate at a loss of 20 million Hong Kong dollars, mainly due to the increase in personnel and operating expenses resulting from the company's global expansion plan.