OneConnect Financial Technology Co. Ltd. (OCFT)

NYSE: OCFT · IEX Real-Time Price · USD
1.33
-0.11 (-7.64%)
At close: Aug 8, 2022 4:00 PM
1.38
+0.05 (3.76%)
After-hours: Aug 8, 2022 6:45 PM EDT
-7.64%
Market Cap 518.69M
Revenue (ttm) 676.80M
Net Income (ttm) -202.27M
Shares Out 389.99M
EPS (ttm) -0.52
PE Ratio n/a
Forward PE 81.30
Dividend n/a
Ex-Dividend Date n/a
Volume 1,027,695
Open 1.40
Previous Close 1.44
Day's Range 1.30 - 1.40
52-Week Range 0.99 - 5.78
Beta 0.39
Analysts Buy
Price Target 2.09 (+57.1%)
Earnings Date Aug 8, 2022

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, digital commercial banking, digital auto insurance and life insurance, and artificial intelligence customer services, as well as sales management, risk management, and operation support services. The company also operates gamma core banking system, a customer centric solution; digitalized management platform... [Read more...]

Industry Software
IPO Date Dec 13, 2019
Employees 3,842
Stock Exchange NYSE
Ticker Symbol OCFT
Full Company Profile

Financial Performance

In 2021, OCFT's revenue was 4.13 billion, an increase of 24.76% compared to the previous year's 3.31 billion. Losses were -1.28 billion, -5.31% less than in 2020.

Financial numbers in CNY Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for OCFT stock is "Buy." The 12-month stock price forecast is 2.09, which is an increase of 57.14% from the latest price.

Price Target
$2.09
(57.14% upside)
Analyst Consensus: Buy
Stock Forecasts

News

OneConnect to Announce Second Quarter and First Half 2022 Financial Results

SHENZHEN, China--(BUSINESS WIRE)--OneConnect Financial Technology Co., Ltd. (NYSE: OCFT and HKEX: 6638) (“OneConnect” or the “Company”), a leading technology-as-a-service platform for financial institut...

OneConnect Successfully Listed on the Main Board of the Stock Exchange of Hong Kong

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

OneConnect Announces Proposed Dual Primary Listing on The Stock Exchange of Hong Kong Limited

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

OneConnect Announces Arrangement of Batch-Conversion of American Depositary Shares to Ordinary Shares Trading in Hong...

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

Check These 3 Penny Stocks Out in Mid-June 2022

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Other symbols: IMPPTCRT

OneConnect Shares Jump As It Upsizes Its Buyback Program

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) board approved the upsizing of its share repurchase program by 1% of the outstanding shares.

OneConnect Announces Upsize of Its Share Repurchase Program

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

OneConnect Announces First Quarter 2022 Unaudited Financial Results

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

OneConnect to Announce First Quarter 2022 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, ...

OneConnect Provides Update on Status Under Holding Foreign Companies Accountable Act

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

OneConnect Announces Annual General Meeting Results

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

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 provider for financial institutions in China, ...

OneConnect Announces Share Purchase by Ping An Group

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

OneConnect to Hold Annual General Meeting on April 8, 2022

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

OneConnect Announces Fourth Quarter and Full Year 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 provider for financial institutions in China, ...

OneConnect Announces Share Repurchase Program

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

OneConnect to Announce Fourth Quarter and Full Year 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, ...

OneConnect Makes Forbes Blockchain 50 2022 List for Advanced Trade and Financing Solutions

SHANGHAI, Feb. 10, 2022 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect" or "the Company"), a leading technology-as-a-service platform for financial institutions, has...

OneConnect's AI Open Innovation Platform for Inclusive Finance Receives 2021 Wu Wenjun AI Science and Technology Prog...

SHANGHAI, Jan. 19, 2022 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a leading technology-as-a-service platform for financial institutions, has been awarded the...

China's OneConnect Closes Partnership Deal With PBOC's Chengfang

Technology-as-a-service platform OneConnect closed a partnership deal with Chengfang Financial Technology, a FinTech established by the People's Bank of China (PBOC), according to a press release on Mon...

OneConnect Inks New Strategic Partnership Agreement with Chengfang Financial Technology

SHANGHAI, Jan. 9, 2022 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a leading technology-as-a-service platform for financial institutions has today announced it...

OneConnect Recognized in World's Top Ten Fintech Companies in 2021 in Patent Quality List

SHANGHAI, Dec. 9, 2021 /PRNewswire/ -- OneConnect Financial Technology Co., Ltd. (NYSE: OCFT) ("OneConnect"), a key driver of fintech strategy for associate Ping An Insurance Group of China ("Ping An"),...

OneConnect Announces Expiration of Exclusivity Period Under Its Memorandum of Understanding to Purchase Majority Stak...

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, ...

Why OneConnect Financial Technology Soared Today

The Chinese fintech released an upgrade to its tech platform for banks and insurance companies.

OneConnect Launches New Gamma Core Banking System

OneConnect Financial Technology Co Ltd (NYSE: OCFT) launched Gamma Core, its latest core banking system for financial institutions.  Gamma Core helps banks undergo a complete digital restructuring to up...