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OneConnect Financial Technology Co. Ltd. (OCFT)

NYSE: OCFT · IEX Real-Time Price · USD
3.86 0.03 (0.78%)
Oct 21, 2021 4:00 PM EDT - Market closed
Market Cap1.49B
Revenue (ttm)576.11M
Net Income (ttm)-194.10M
Shares Out1.17B
EPS (ttm)-0.54
PE Ration/a
Forward PE81.30
Dividendn/a
Ex-Dividend Daten/a
Volume1,091,998
Open3.85
Previous Close3.83
Day's Range3.78 - 4.00
52-Week Range3.46 - 24.95
Betan/a
AnalystsBuy
Price Target8.04 (+108.2%)
Est. Earnings DateNov 2, 2021

About OCFT

OneConnect Financial Technology Co., Ltd. provides cloud-platform-based Fintech solutions, and online information and operating support services for financial institutions in the People's Republic of China. It offers digital retail banking, small and medium enterprises (SME) financing and services, retail and SME banking risk-management, auto insurance operations and services, asset management, asset-liability management, artificial intelligence customer service, core systems, and insurance sales management solutions. The company also operates ...

IndustrySoftware
IPO DateDec 13, 2019
Employees3,597
Stock ExchangeNYSE
Ticker SymbolOCFT
Full Company Profile

Financial Performance

In 2020, OCFT's revenue was 3.31 billion, an increase of 42.29% compared to the previous year's 2.33 billion. Losses were -1.35 billion, -18.49% less than in 2019.

Financial numbers in millions CNYFinancial Statements

Analyst Forecast

According to 9 analysts, the average rating for OCFT stock is "Buy." The 12-month stock price forecast is 8.04, which is an increase of 108.23% from the latest price.

Price Target
$8.04
(108.23% upside)
Analyst Consensus: Buy

News

2 Falling Knives to Catch

Wall Street recommends purchasing shares of OneConnect Financial Technology Co Ltd ( OCFT , Financial) and Ardelyx Inc ( ARDX , Financial). This sounds quite surprising, as these two equities have not p...

Other symbols:ARDX
1 month ago - GuruFocus

OneConnect Accelerates Strategic Growth with New "One Body and Two Wings" Five-year Strategy

SHENZHEN, China, Sept. 13, 2021 /PRNewswire/ -- On September 10, OneConnect Financial Technology Co., Ltd.

1 month ago - PRNewsWire

OneConnect Responds to Whistleblower Complaint

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, ...

1 month ago - Business Wire

OneConnect Announces Memorandum of Understanding to Purchase Majority Stake in a Credit Technology Company

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, ...

1 month ago - Business Wire

Why The Stock Market Is Down Today & 3 Penny Stocks To Watch Now

Here's why the stock market is down today. The post Why The Stock Market Is Down Today & 3 Penny Stocks To Watch Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Other symbols:DOYU
2 months ago - PennyStocks

10 Chinese Stocks to Buy on the Dip

ARK Invest portfolio manager Cathie Wood dumped Chinese stocks in July. Here are 10 to pick up on the dip should she decide to buy back in.

2 months ago - InvestorPlace

OneConnect Announces that Its Management Intends to Increase Their Shareholdings Demonstrating Confidence in the Pros...

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, ...

2 months ago - Business Wire

Scott+Scott Attorneys at Law LLP Announces Investigation into OneConnect Financial Technology Co., Ltd. (OCFT)

NEW YORK--(BUSINESS WIRE)-- #OCFT--Scott+Scott Attorneys at Law LLP Announces Investigation into OneConnect Financial Technology Co., Ltd. (OCFT)

2 months ago - Business Wire

Why Shares of OneConnect Financial Tech Are Falling Today

The company reported earnings from the second quarter of this year.

2 months ago - The Motley Fool

OneConnect Announces Second Quarter 2021 Unaudited Financial Results

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, ...

2 months ago - Business Wire

OneConnect Wins Two Awards for its Pioneering Fintech Solutions at the Asian Banker China Awards 2021

BEIJING, July 27, 2021 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a leading technology-as-a-service platform for financial institutions and an associate of Pi...

2 months ago - PRNewsWire

OneConnect to Announce Second Quarter Financial Results

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) (“OneConnect” or the “Company”), a leading technology-as-a-service platform for financial institutions in China, ...

3 months ago - Business Wire

OneConnect Impresses at World Artificial Intelligence Conference 2021 in Shanghai

SHANGHAI, July 9, 2021 /PRNewswire/ -- Leading technology-as-a-service platform provider OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect" or "the Company"), an associate company of P...

3 months ago - PRNewsWire

3 International Stocks With 32% to 99% Upside, According to Wall Street

These high-powered growth stocks are powering digital commerce in the developing world.

Other symbols:JDMELI
3 months ago - The Motley Fool

NDB Bank appoints Axion to deliver Sri Lanka's first AI-based Video Know-Your-Customer built by OneConnect to engage ...

vKYC timely addresses the imperative need for Sri Lankans to open bank accounts, apply for loans and credit cards remotely amidst the pandemic First AI-based vKYC to roll out in Sri Lanka following the ...

4 months ago - PRNewsWire

OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT) Surges 6.7%: Is This an Indication of Further Gains?

OneConnect Financial Technology Co., Ltd. Sponsored ADR (OCFT) was a big mover last session on higher-than-average trading volume.

5 months ago - Zacks Investment Research

SB Finance partners with OneConnect Financial Technology to roll-out cloud based financial technology

SINGAPORE, May 18, 2021 /PRNewswire/ -- Consumer lending company, SB Finance Company Inc. has signed a strategic partnership with OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), a leading techno...

5 months ago - PRNewsWire

OneConnect Announces First Quarter 2021 Unaudited Financial Results

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, ...

5 months ago - Business Wire

OneConnect to Announce First Quarter 2021 Financial Results

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) (“OneConnect” or the “Company”), a leading technology-as-a-service platform for financial institutions in China, ...

5 months ago - Business Wire

OneConnect Financial Technology and Singapore Management University announce key findings from joint research on pote...

Result findings were revealed at virtual event organised by Blockchain Association Singapore Proof of Concept (PoC) developed for a quantum distributed ledger to uncover potential advantages for distrib...

6 months ago - PRNewsWire

OneConnect Files Annual Report on Form 20-F

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, ...

6 months ago - Business Wire

1 Reason Smart Investors Are Watching OneConnect Financial Technology

Digital banking is growing around the world, and Southeast Asia is fertile ground for this fintech.

7 months ago - The Motley Fool

Recap: OneConnect Financial Tech Q4 Earnings

Shares of OneConnect Financial Tech (NYSE:OCFT) fell in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 66.67% over the past year to ($0.15), which ...

8 months ago - Benzinga

OneConnect Announces Fourth Quarter and Full Year Unaudited Financial Results

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, ...

8 months ago - Business Wire

OneConnect to Announce Fourth Quarter and Full Year 2020 Financial Results

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) (“OneConnect” or the “Company”), a leading technology-as-a-service platform for financial institutions in China, ...

9 months ago - Business Wire