OneConnect Financial Technology Updates on Takeover Proposal and Financial Estimates

The latest announcement is out from OneConnect Financial Technology ( (OCFT) ).

On July 20, 2025, OneConnect Financial Technology Co., Ltd. announced updates related to its ongoing takeover proposal and scheme, pursuant to Rule 10 of the Takeovers Code. The company provided unaudited financial estimates for the first quarter of 2025, which have been reviewed by PricewaterhouseCoopers and Gram Capital Limited. These estimates include details on gross profit, operating loss, and comprehensive loss. The board has reassessed these estimates and confirmed their validity as of the announcement date. Stakeholders are advised to exercise caution as the proposal and scheme are subject to conditions that may affect their implementation.

Spark’s Take on OCFT Stock

According to Spark, TipRanks’ AI Analyst, OCFT is a Neutral.

OneConnect Financial Technology’s overall stock score is primarily impacted by its poor financial performance, characterized by negative profitability and cash flow issues. While there is short-term technical momentum, the overbought conditions suggest caution. The lack of earnings and dividends further detracts from valuation, making the stock less appealing to traditional value investors. Strategic improvements are needed to enhance financial health and shareholder value.

To see Spark’s full report on OCFT stock, click here.

More about OneConnect Financial Technology

OneConnect Financial Technology Co., Ltd. is a company incorporated in the Cayman Islands with limited liability, primarily operating in the financial technology industry. It is listed on the Hong Kong Stock Exchange under the stock code 6638 and on the New York Stock Exchange under the ticker OCFT.

Average Trading Volume: 54,290

Technical Sentiment Signal: Buy

Current Market Cap: $290.7M

For detailed information about OCFT stock, go to TipRanks’ Stock Analysis page.