Yamato: OSL Group (00863.HK) competitor goes public, still maintains a target price of HK$18.8, preferred choice for cryptocurrency concept.

According to the Smart Financial News APP, Daiwa released a research report stating that the target price for OSL Group (00863.HK) is 18.8 Hong Kong dollars with a "buy" rating. OSL is Daiwa's preferred Hong Kong cryptocurrency company. Daiwa stated that on December 17th, HashKey (03887.HK) was listed, raising 1.6 billion Hong Kong dollars through its IPO. The listing progress of HashKey is faster than expected by the major banks. HashKey's IPO price is approximately 13 times the price-to-sales ratio (P/S) based on expected revenue for 2026, which is basically the same as OSL's current trading valuation.