09698 GDS-SW
- 17.700
- +0.100+0.57%
GDS-SW News
gds holdings - SW (9698.HK): Domestic market recovery, overseas business receives financing again.
gds holdings announced its Q3 2024 performance, with total revenue increasing by 17.7% year-on-year to 2.966 billion yuan, primarily benefiting from an improved supply and demand situation in the domestic industry and strong growth in overseas business. Q3 2024 company adjusted
GDS Holdings (NASDAQ:GDS) Use Of Debt Could Be Considered Risky
Institutional Investors in GDS Holdings Limited (NASDAQ:GDS) Lost 17% Last Week but Have Reaped the Benefits of Longer-term Growth
This week's Hong Kong stock bull | AI marketing concept + Q3 performance exceeds expectations! Mobvista surged over 73% this week; institutions continue to endorse it after earnings! Kingsoft Cloud has accumulated more than 27% increase this week.
This week, the Hang Seng Index fell by 1.01% to 19,229.97 points; during the same period, the Hang Seng Tech Index fell by 1.89% to 4,246.2 points; the Hang Seng China Enterprises Index fell by 1.33% to 6,887.05 points during the same period.
CICC raised gds holdings (GDS.US) target price to $24, accelerating delivery both domestically and internationally.
CICC released a report stating that gds holdings (09698.HK) third quarter revenue grew by 17.7% year-on-year to 2.966 billion yuan, an increase of 4.9% compared to the previous quarter; adjusted EBITDA increased by 15% year-on-year to 1.296 billion yuan, a decrease of 1.3% quarter-on-quarter; the adjusted EBITDA margin decreased by 1 percentage point year-on-year to 43.7%, down by 2.7 percentage points compared to the prior quarter, and the performance met market expectations. The report mentioned that gds holdings' domestic business is accelerating delivery, as the company is laying out ultra-large-scale datacenters in key domestic locations, and with the increase in capital expenditure by domestic cloud providers, the report believes that the company will balance resources.
gds holdings (09698) rose 3.86%, with institutions indicating that its performance meets expectations.
Golden Finance News | GDS Holdings (9698) rose in early trading, up 3.86% to HK$18.28 as of press time, with a turnover of 16.5254 million Hong Kong dollars. Bank of America Securities pointed out that GDS Holdings' third quarter revenue increased by 18% year-on-year to 2.97 billion yuan, and adjusted EBITDA increased by 15% year-on-year to 1.3 billion yuan before tax, depreciation, and amortization, both meeting the 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 to 2.5 billion and 40 billion respectively.
Jefferies Maintains GDS Holdings(GDS.US) With Buy Rating, Raises Target Price to $27.06
Hong Kong stocks are moving | gds holdings-SW (09698) rose over 4% as third-quarter domestic and international deliveries accelerate with plans to deploy datacenters in Thailand.
gds holdings - SW (09698) rose more than 4%, as of the deadline, rose by 4.09%, reported 18.32 Hong Kong dollars, with a turnover of 4.7705 million Hong Kong dollars.
National Bureau of Statistics: By 2029, the basic structure of the national data infrastructure will be established.
The National Bureau of Statistics issued the "National Data Infrastructure Construction Guidelines (Draft for Comments)", mentioning that from 2024 to 2026, it will take about two to three years to carry out pilot tests on the technical routes of data infrastructure around important industry sectors and typical application scenarios, supporting some regions, industries, and fields to explore and pilot first, enriching the supply of solutions. By 2029, the main structure of the national data infrastructure will be basically completed, preliminarily forming a well-connected, well-penetrated, and well-coordinated national data infrastructure basic framework, establishing collaborative linkage, scale circulation, efficient utilization, and standardized trustworthy data public service system.
GDS Holdings (9698.HK): International business is progressing well, target price raised.
The performance in the third quarter met expectations, raising the full-year CAPEX guidance. In the third quarter of 2024, the company achieved revenue of approximately 2.966 billion yuan (RMB, the same below), an increase of 17.7% year-on-year, and adjusted EBITDA is
“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.
GDS Holdings (GDS): Expanding Data Center Capacity to Meet AI Demand
China ADRs Have Increased to the Largest Share Since Late 2021 – GS
GDS Holdings (9698.HK) 24Q3 tracking report: 24Q3 revenue growth accelerated with comprehensive expansion of domestic and foreign business.
Event: On November 19th, gds holdings (GDS.O & 9698.HK) released the third quarter financial report for 2024, with the company's revenue reaching 2.966 billion yuan in Q3 24 (up 17.73% year-on-year).
U.S. stocks fluctuating | gds holdings fell about 1.8% in pre-market trading, with the net loss for the third quarter narrowing year-on-year to 0.231 billion yuan.
Grey Dragon Exchange November 20th | GDS Holdings (GDS.US) pre-market trading fell by about 1.8%, to $19.33. On the news front, GDS Holdings' net revenue in the third quarter increased by 17.7% year-on-year to 2.9657 billion yuan; net loss of 0.231 billion yuan, compared to a net loss of 0.421 billion yuan in the same period last year; adjusted EBITDA margin decreased from 44.7% in the same period last year to 43.7%.
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