06638 OCFT
- 0.620
- +0.010+1.64%
OCFT News
After a paper announcement triggered a sharp drop in stock prices, Financial One Account recently responded to “related customers withdrawing from cooperation”, and the exact time for termination of use is still unclear
① On the evening of May 8, in response to questions such as when connected customers will stop using it and how it will affect the company's revenue situation in the future, Finance One Account responded to the Financial Services Association reporter saying that it is actively negotiating with related customers and evaluating their business plans and further measures, and is currently still in the discussion stage. ② Affected by related news, the Hong Kong stock price of Financial One Account fell close to 15% on May 8, hitting a minimum of HK$0.53 per share.
OneConnect Financial Warns of Key Customer Exits
OneConnect Financial Technology (HKG:6638) signaled that a few customers, which collectively constitute about 16.7% and 19.2% of the group's revenue in 2022 and 2023, respectively, could stop utilizin
Financial One Account (06638.HK) will hold a board meeting on May 21 to approve the first quarter results
Gelonghui, May 8, 丨 Financial One Account (06638.HK) announced that the company will hold a board meeting on May 21, 2024 to consider and approve the unaudited quarterly results and announcements of the company, its subsidiaries and consolidated affiliated entities for the three months ended March 31, 2024.
OCFT: DATE OF BOARD MEETING
OneConnect to Announce First Quarter 2024 Financial Results
SHENZHEN, China, May 8, 2024 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT and HKEX: 6638) ("OneConnect" or the "Company"), a leading technology-as-a-service platform for fina
Featured announcements | Zhonghai Real Estate's sales fell 30% year on year; Shangtang plans to build a joint venture to build a big data computing power platform
Guolian Securities: Major asset restructuring is still in the planning stage; Sunac China: cumulative contract sales in the first 4 months were 22.45 billion yuan, a year-on-year decrease of 39.86%.
OneConnect Financial Technology | 6-K: Report of foreign private issuer (related to financial reporting)
Financial One Account (06638): Some related customers intend to stop using cloud services provided by the Group
Zhitong Finance App News, Financial One Account (06638) issued an announcement. On May 7, 2024, the company was informed by some related customers that it intended to stop using the Group's cloud services due to adjustments in procurement strategies. The Company is discussing with these related customers the effective timing of termination of use and any transitional arrangements. For each year ended December 31, 2022 and 2023, these related customers contributed about 16.7% and 19.2% of the Group's total revenue, respectively, from purchasing the Group's cloud services. The company has been providing cloud services to financial institutions through its Canada-Ma Financial Cloud platform since 2020
OneConnect Financial Technology Shrinks Loss in 2023
OneConnect Financial Technology (HKG:6638) recorded a decline in attributable loss for the year ended Dec. 31, 2023, to 362.7 million yuan from 872.3 million yuan in 2022, according to the company's a
金融壹賬通：2023年度報告
OneConnect Financial Expects HK$309 Million Gain From Sale of Virtual Lender
OneConnect Financial Technology (HKG:6638) reassessed the gain from the disposal of Ping An Insurance OneConnect Bank (Hong Kong) or PAOB to be HK$309 million or 262 million yuan, according to a Wedne
Featured announcements | Country Garden's March contract sales of 4.30 billion yuan; Ali Q1 purchased 524 million shares of common stock at a total price of US$4.8 billion
Midea Real Estate accumulated contract sales of 10.39 billion yuan in the first 3 months, a year-on-year decrease of 56.07%; Dongfeng Group had cumulative sales of 522,100 vehicles in the first 3 months, an increase of about 14.8% over the previous year; and Meituan awarded 602.18 million reward shares.
OneConnect Financial Technology Sells Hong Kong Virtual Lender to Lufax
OneConnect Financial Technology (HKG:6638) has completed the sale of Ping An Insurance OneConnect Bank (Hong Kong) or PAOB to Lufax Holding (HKG:6623), a Tuesday filing by the technology provider on t
Financial One Account (06638.HK) completed the sale of 100% shares in Ping An One Account Bank
Financial One Account (06638.HK) issued an announcement. On November 13, 2023 (after the Hong Kong trading session), the company entered into a share purchase agreement with the buyer Lujinsuo Holdings Limited and Ping An Bank, a wholly-owned subsidiary of the company. According to this, the company conditionally agreed to sell and the buyer agreed to acquire Ping An One Bank through the transfer and sale of all of the company's issued share capital, at a consideration of HK$933 million in cash, subject to the terms and conditions of the share purchase agreement. After delivery, the company will no longer hold any interest in the sale company. As a result, the sales group will no longer be a subsidiary of the company and will no longer be incorporated
Citigroup Adjusts Price Target on OneConnect Financial Technology to $7 From $6.98, Keeps Buy Rating
Citigroup Adjusts Price Target on OneConnect Financial Technology to $7 From $6.98, Keeps Buy Rating.
OneConnect Fincl Tech Price Target Raised to $7.00/Share From $6.98 by Citigroup
OneConnect Fincl Tech Price Target Raised to $7.00/Share From $6.98 by Citigroup
OneConnect Fincl Tech Is Maintained at Buy by Citigroup
OneConnect Fincl Tech Is Maintained at Buy by Citigroup
OneConnect Financial Technology Co., Ltd. (NYSE:OCFT) Q4 2023 Earnings Call Transcript
Citigroup Maintains Buy on OneConnect Financial Tech, Raises Price Target to $7
Citigroup analyst Judy Zhang maintains OneConnect Financial Tech with a Buy and raises the price target from $6.98 to $7.
OneConnect Financial Tech Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 03/19/2024 189.26% Citigroup $6.98 → $7 Maintains Buy 08/18/2022 -50.41% HSBC $1.5 → $1.2 Reinstates → Hol
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