Citibank's recent unconfirmed buy rating for OSL Group has sparked a notable increase in the company's stock price, reflecting investor optimism despite the uncertainty surrounding the announcement. The source reports that this surge may indicate a growing confidence in the company's future prospects.
Citibank Initiates Coverage on OSL Group
On October 9, 2025, Citibank initiated coverage on OSL Group with a Buy/High Risk rating and set a target price of HK$218. This move has led to a nearly 4% rise in the company's stock, indicating a positive market reaction to the potential growth prospects suggested by the rating.
Market Skepticism and Awaited Confirmation
However, the lack of official confirmation from Citibank has raised skepticism among financial analysts, who are now closely monitoring the situation. Many are awaiting a formal statement from the bank, as it could provide clarity on the rating's legitimacy and its implications for OSL Group's future ventures and stock performance.
In a significant development, Vodacom Group has acquired an additional 15% stake in Safaricom, increasing its ownership to 55%. This move contrasts with the recent optimism surrounding OSL Group's stock, highlighting the dynamic shifts in the telecom sector. For more details, see read more.
