HK Stock Market Move | OSL GROUP (00863) rose nearly 4% OSL Pay is one of the company's key development areas. Citigroup is optimistic about PayFi business boosting revenue growth.

OSL GROUP (00863) rose nearly 4%, at the time of submission, it rose 3.82% to 17.13 Hong Kong dollars, with a transaction volume of 22.2406 million Hong Kong dollars. On the news side, according to public information, OSL GROUP announced a strategic plan to cooperate with industry partners to invest up to $30 million to accelerate the global development of the PayFi ecosystem. In April 2025, OSL launched OSL Pay, optimizing fiat-to-cryptocurrency exchanges; in July, it launched the corporate payment service OSL Biz Pay. In the first half of 2025, OSL Pay achieved revenue of 55.9 million Hong Kong dollars, accounting for 29% of the group's total revenue, mainly from the European market, becoming one of the company's key focus areas for future development. Citigroup released a research report giving OSL GROUP a "buy/high risk" rating with a target price of 21.8 Hong Kong dollars, equivalent to a forecasted market-to-sales ratio of 22 times in 2025. Citigroup pointed out that it is optimistic about OSL GROUP's focus on building compliant digital asset exchanges and payment gateways in the face of strengthened regulatory scrutiny, the company's first-mover advantage in the Hong Kong cryptocurrency OTC market, and the diversified product portfolio capturing opportunities related to stablecoins. The bank expects the company's revenue to grow by 80%, 60%, and 36% in the periods from 2025 to 2027, driven by the growth of the PayFi business and the global expansion of the regulatory digital asset market.