OneConnect Financial Technology's low P/S ratio is justified by its poor revenue outlook. Unless top-line growth improves, the P/S could potentially fall further, impacting the share price.
$金融壹賬通(OCFT.US)$will be reporting their results on 16 Aug 23 Pre-Market. They are expected to show a dip in the revenue for this quarter. What I would be looking for is how OneConnect Financial would be doing to produce significant growth to justify its low P/E ratio. Despite having a terrific growth of 48% last year, they have not been able to produce consistent growth in recent times. Investo...