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OneConnect Financial Technology Co., Ltd. (OCFT)

NYSE - NYSE Delayed Price. Currency in USD
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15.75-0.21 (-1.32%)
At close: 4:00PM EDT
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  • Y
    Yahoo Finance Insights
    OneConnect Financial is up 6.82% to 16.44
  • Y
    Yahoo Finance Insights
    OneConnect Financial is up 6.84% to 15.77
  • Y
    Yahoo Finance Insights
    OneConnect Financial is up 6.83% to 15.79
  • Y
    Yahoo Finance Insights
    OneConnect Financial is down 7.28% to 14.00
  • J
    Jesse
    Revenues didn't miss by much and sales are still growing a lot. If the company keeps on this trajectory, the stock should do well. The share price today wasn't particularly affected by the earnings.
    Bullish
  • Y
    Yahoo Finance Insights
    OneConnect Financial is up 7.18% to 17.46
  • Y
    Yahoo Finance Insights
    OneConnect Financial is up 6.75% to 16.45
  • Y
    Yahoo Finance Insights
    OneConnect Financial is down 7.36% to 15.60
  • Y
    Yahoo Finance Insights
    OneConnect Financial is down 7.10% to 16.23
  • T
    Tomas
    In August, OneConnect partnered with the global reinsurance company, Swiss Re (SWX: SREN).
    Besides Europe, OneConnect recently also raised another round of $356 million with a view to accelerating the expansion in the Southeast Asian markets.
    Soon stock should move up, you will see.
    Bullish
  • Y
    Yahoo Finance Insights
    OneConnect Financial is down 7.02% to 18.00
  • R
    Ryan
    Any reason for the 9.55% increase in price yesterday?
    Bullish
  • R
    Rajiv
    Analyst Actions (November 5, 2020): Citigroup Starts OneConnect Financial at Buy With $28 Price Target. Possible reason for the rating: Read the OCFT earnings transcript.

    Quotations of the OCFT CFO from the earnings call held on November 3 EST: (a) "We are confident in reiterating our second half guidance. That is, we expect our overall revenue growth in the second half of 2020 to be higher than the first half." (b) "First, let me answer the questions on margin, both the gross margin and operating margin trend. So I would like to reaffirm our mid-term guidance. So we talk about mid-term we want to achieve a gross margin on a non-IFRS basis of 50% to 52%. So that target remains unchanged. And also we have a mid-term target to breakeven. So also that remains unchanged. And obviously, I think based on the numbers you have seen today, we are moving into that direction."
  • M
    Midnight Cowboy
    Great earnings report and new partnership for Europe. Should produce positive results today and future growth.
    Bullish
  • R
    Rajiv
    Just my personal two cents: OCFT is in the early phases of growth. So, it has to be judged on how well it is growing. In the recent quarter, it grew by almost 50% year-over-year. Yet, the stock fell by over 20% in a week after the latest earnings release. The loss was small, $0.05 per share, and not out of control. The Rule of 40 is a software industry rule of thumb that says that as long as the combined revenue growth rate and EBITDA percentage rate equal or exceed 40%, the firm is on an acceptable growth trajectory. Judging by this rule, OCFT did very well in the quarter. I do not believe that OCFT will likely become profitable in the next 3 to 5 years without sacrificing growth and that if it fulfills the Rule of 40, it will be okay. I think anybody who is holding this stock for quick returns will likely be disappointed because it is volatile and not profitable. For a longer holding period, I believe it is a retirement stick. At an annual revenue growth rate of 40%, OCFT’s annual revenue will be about $1.4 billion in 3 years and about $2.8 billion in 5 years. I believe such revenue base will set the stage for impressive profits. Can we be that patient?
  • c
    charles
    very strong buying power. will be double soon.
  • J
    Jesse
    Imagine when people start finding out this stock exists...
    Bullish
  • B
    Bulltradamus
    Why did this crash today?
    Bearish
  • B
    Bull Market Mentality
    Thanks for the daily discount shorts , this is retirement stuff
    Bullish
  • M
    Midnight Cowboy
    First earnings call is Tuesday August 4th. This should clarify the direction One Connect will go.