OneConnect Financial Technology (OCFT) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
OneConnect Financial Technology reported a narrowed net loss in the third quarter of 2024, thanks to effective expense control and a focus on overseas market expansion. Despite a drop in total revenue, the company saw a significant 23.4% increase in revenue from third-party overseas customers, highlighting its success in gaining global recognition. The firm’s strategic focus on AI technologies and operational efficiency aims to achieve mid-term profitability.
For further insights into OCFT stock, check out TipRanks’ Stock Analysis page.
