Citibank reiterates buy, the investment logic behind OSL Group's core business growth exceeding 130%

Citibank's latest research report once again confirms a positive outlook on OSL Group. According to the latest news, Citibank maintains a "Buy" rating on OSL Group with a target price of HKD 21.8 per share. More notably, the supporting data behind this optimism is quite impressive: OSL Group's adjusted digital asset and blockchain platform business revenue grew by 129% year-over-year to 166%.

The True Face of Performance Growth

OSL Group's performance in fiscal year 2025 is indeed eye-catching. Digital asset and blockchain platform business, as the company's core operations, grew between 129% and 166%. This growth not only reflects the strong momentum of the company's business itself but also indicates the rapid development of the entire digital asset and blockchain industry in 2025.

From Citibank's perspective, such growth is sufficient to support its judgment to maintain a buy rating. An international major bank would not easily give investment advice without thorough analysis backing the data.

Strategic Shift: From Business Growth to Infrastructure Development

Interestingly, although OSL Group's performance growth is strong, management explicitly stated in communications with Citibank that the core tasks for 2025 and 2026 are not solely about revenue growth.

According to the latest news, management emphasizes that these two years are a critical period for the company, focusing on:

• Building infrastructure investments
• Accelerating global expansion
• Expanding payment services

This indicates that OSL Group is contemplating longer-term issues: how to upgrade from mere business growth to establishing industry competitive barriers. Infrastructure investment involves heavy asset投入, which may temporarily suppress profits but lays the foundation for sustainable growth in the future. Expanding payment services also opens up new revenue streams.

Why Citibank Remains Confident

Citibank's research report points out that OSL Group is at a crucial stage of global expansion. This judgment is very important.

In the digital asset industry, global布局 has become standard for leading companies. Those who can establish跨地域 infrastructure and payment networks earlier will have a first-mover advantage in the industry reshuffle. Citibank clearly believes that OSL Group is on this path with determination.

From an investment perspective, Citibank is not only interested in current growth data but also in the strategic sustainability behind this growth. The company's willingness to continue investing in infrastructure during high-growth periods indicates management's clear understanding of long-term prospects.

Summary

The story of OSL Group is essentially a transition from rapid growth to strategic deepening. The 129%-166% performance growth is enough to attract attention, but more noteworthy is the company's strategic choice to continue investing in infrastructure and expanding payment services during a high-growth period. Citibank's maintained buy rating reflects recognition of this strategic execution and long-term competitiveness. For investors, this is not just a growth story but also a story about consolidating industry position.