GDS GDS Holdings
- 18.960
- +0.390+2.10%
GDS Holdings News
“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
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%.
The Hang Seng Index rose by 41 points, Kingsoft surged quickly, while Xpeng retraced after its results.
nvidia (NVDA.US) rose nearly 5% before the earnings announcement, leading the Nasdaq to gain 195 points or 1% on the night of the 19th, while the Dow dropped 120 points or 0.3%. Hong Kong stocks fluctuated upward. The Hang Seng Index opened 40 points lower, initially dropped 87 points to 19,575 points, then rebounded, at one point rising 89 points to 19,752 points, ultimately closing up 41 points or 0.2% at 19,705 points; the national index rose 6 points or 0.1% to close at 7,090 points; the hang seng tech index rose 18 points or 0.4% to close at 4,413 points. The total trading volume of the market for the day was 114.671 billion yuan. Alibaba-W (09988.HK)
Express News | GDS Holdings Ltd : Jefferies Cuts Target Price to $27.06 From $27.44
gds holdings (09698.HK) had dropped over 21%. The third quarter loss narrowed, but the capital expenditure guidance was raised.
gds holdings - SW (09698.HK) opened significantly lower today (20th), down 14.8% to 19.48 yuan, previously falling 21.2% to a low of 18 yuan, the lowest in about two months. Currently trading at 18.8 yuan, down 17.7%, with a trading volume of 2.21 million shares, involving 41.3269 million yuan. The company's net total revenue for the third quarter recorded 2.966 billion RMB, increasing by 17.7% year-on-year. The net loss attributable to shareholders increased from 0.421 billion yuan in the same period last year to 0.231 billion yuan, with a loss per share of 14 cents. Also maintaining the 2024 total revenue guidance at 11.34 billion to 11.76 billion yuan; adjusted accordingly.
GDS' Q3 Loss Narrows; Upgrades 2024 Capex Guidance; Shares Plunge 17%
U.S. stock fluctuations | Golden heaven fell by 25%, making it the largest decline among Chinese concept stocks.
On November 20th, according to Gelonghui, the top five Chinese concept stocks with the largest closing declines were: golden heaven down 25%, j-long group down 16.67%, gds holdings down 16.22%, zepp health down 15.97%, sos ltd down 13.06%. (Gelonghui)
Announcement Highlights: Xiaopeng Motors reduced losses by over 50% year-on-year in the third quarter; alibaba plans to issue $2.65 billion and 17 billion RMB bonds.
Sino biopharm signed a private equity and global strategy cooperation agreement with Lixin Pharmaceuticals; zto express's revenue in the third quarter increased by 18% year-on-year to 10.68 billion yuan.
Why GDS Holdings Stock Plummeted 16% Today
GDS Holdings Shares Are Trading Lower. The Company Reported Q3 Financial Results.
Data Center Operator GDS Holdings Surpasses Q3 Revenue Estimates, But Shares Drop Amid CapEx Revision
In the third quarter, gds holdings (09698.HK) narrowed its net loss to 0.231 billion RMB.
GDS Holdings (09698.HK) announced the business performance for the third quarter ending in September, with total net revenue reaching 2.966 billion RMB, an increase of 17.7% year-on-year. The attributable net loss to shareholders increased from 0.421 billion yuan in the same period last year to 0.231 billion yuan, with a loss per share of 14 cents. The company maintains its total revenue guidance for 2024 between 11.34 billion and 11.76 billion yuan; adjusted EBITDA is expected to be between 4.95 billion and 5.15 billion yuan. The capital expenditure guidance has been revised from the original 6.5 billion yuan to 11 billion yuan, reflecting an acceleration in business expansion.
GDS Holdings Limited (GDS) Q3 2024 Earnings Call Transcript Summary
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