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“Smart money” is betting on china! Goldman Sachs: US hedge funds are flooding into Chinese concept stocks, with jd.com and gds holdings being the most favored.
The goldman sachs report shows that usa hedge funds increased their investment in china companies listed in the usa in the third quarter.
Express News | Goldman Sachs: US hedge funds significantly increased their shareholding of Chinese concept stocks in the third quarter.
BOA Securities raised the target price of gds holdings (09698.HK) to 23.6 yuan, meeting quarterly expectations.
According to Bank of America Securities, gds holdings (09698.HK)(GDS.US) reported a year-on-year revenue increase of 18% in the third quarter, reaching 2.97 billion yuan. The adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 15% year-on-year to 1.3 billion yuan, both in line with market and the bank's expectations. The company's management has raised next year's capital expenditure guidance from 6.5 billion yuan to 11 billion yuan, with capital expenditure guidance for China and international markets increasing from 2.5 billion and 4 billion yuan to 3 billion and 8 billion yuan respectively. The bank noted that gds holdings' business in China saw a quarterly revenue increase of 6% year-on-year.
Dah Sing expects gds holdings (GDS.US) to have over an 80% chance of rising in the next 60 days.
Morgan Stanley released a technical research report, predicting that GDS Holdings (GDS.US) has over an 80% chance of an increase in stock price in the next 60 days. The rating for US stocks is 'shareholding,' with a target price of $30. Morgan Stanley noted that GDS Holdings' stock price has declined recently without reasonable fundamental reasons. The current implied valuation of the china business is only about 9.3 times the enterprise value to EBITDA multiple for 2025, while the EBITDA growth for the china business is 10%, indicating an attractive valuation.
Hong Kong stock concept tracking | Global data cross-border flow cooperation initiative released, data market construction enters a new stage (includes concept stocks).
The initiative is expected to radiate the cni data factor index industry globally.
gds holdings (09698.HK): Accelerating delivery both domestically and abroad, raising capital expenditure guidance.
In Q3 2024, adjusted EBITDA increased by 15% year-on-year, in line with market expectations. gds holdings announced its third-quarter results for 2024: revenue increased by 17.7% year-on-year to 2.966 billion yuan, and 4.9% quarter-on-quarter; adjusted.
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