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GDS Holdings Newsroom
Retail sales drive US stocks higher! The S&P 500 Index and the Dow Jones Industrial Average hit record highs intraday, and Chinese assets are surging across the board.
China's assets are exploding.
Investors in GDS Holdings (NASDAQ:GDS) Have Unfortunately Lost 72% Over the Last Three Years
Citigroup: Lower Hang Seng Index's year-end target to 19,800 points.
Recently, a report from Citigroup pointed out that H-shares listed in Hong Kong are more sensitive to the Fed's interest rate cuts, so they remain bullish on H-shares over A-shares. Citigroup has lowered its year-end target for the Hang Seng Index by 3% to 19,800 points and also lowered its mid-2020 target by 5% to 21,000 points.
Nomura: GDS Holdings-SW (09698) both sides of the Southeast Asia supply and demand will face more opportunities.
The target of gds holdings - SW(09698) is to achieve a maximum of 50% of the 1GW increment that the Malaysian government may release by 2025.
Citi lowers Hang Seng Index target to 19,800 points by the end of the year, with H-share preferred stocks including Tencent, GDS Holdings, PICC, and haier smarthome, and raises its view on the telecom sector to "shareholding".
Citigroup released a research report, stating that among the 451 A-share and H-share companies covered, 32% recorded better-than-expected first-half performance, while 36% reported lower-than-expected performance. Due to the slowdown in China's economic growth, it is not surprising that a higher proportion of companies underperformed in terms of performance, considering the growth in electricity demand and the purchasing managers'index. In terms of industries, considering the outperformance and dividend yield of Chinese telecommunications stocks, Citigroup has raised its view on telecommunications stocks from 'neutral' to 'shareholding'; however, it is concerned about declining sales volume and prices, and has downgraded its view on basic materials stocks from 'shareholding' to 'neutral'. The bank also maintains its 'shareholding' view on industrial, internet, and technology stocks.
AST SpaceMobile And Polestar Automotive Are Among Top 10 Best Performing Mid-Cap Stocks in August: Are The Others In Your Portfolio?
GDS Holdings (9698.HK): 2Q performance reaches a turning point with strong growth in overseas business.
2Q24 revenue steadily grew; overseas business showed strong growth. Gds Holdings announced its 2Q24 performance, with total revenue increasing by 17.7% year-on-year to RMB 2.83 billion, excluding the one-time factors in 2Q23.
Goldman Sachs raised the target price of GDS Holdings (09698.HK) to 23.4 yuan, the rising demand cycle creates valuation upside potential
Goldman Sachs' report states that recently, the performance of Chinese datacenter operators in the second quarter reflects signs of demand recovery. With the promotion of Gen-AI and GPU related capital expenditures, Chinese wholesale-focused datacenter operators are entering a period of increasing demand. These capital expenditures come from cloud hyperscale enterprises, top internet companies, and AI startups. The report says that GDS Holdings (09698.HK) remains its top choice in the industry and believes that the company's positioning can best capture the aforementioned demand upswing. The target price has been raised to 23.4 yuan, believing that the demand upswing cycle creates room for valuation increase, giving it a "buy" rating.
Goldman Sachs Maintains GDS Holdings(GDS.US) With Buy Rating, Raises Target Price to $24
Goldman Sachs analyst Tina Hou maintains $GDS Holdings(GDS.US)$ with a buy rating, and adjusts the target price from $12.7 to $24.According to TipRanks data, the analyst has a success rate of 28.6%
A quick look | Hong Kong stock bull bear stock list for August released! Q2 performance impressive, GDS Holdings soared 56% within the month; Insurance stocks rallied strongly, China Re surged nearly 34%.
It is widely believed that the expected interest rate cut by the Federal Reserve in September has had a positive impact on the Hong Kong stock market. According to the latest market data, the Hang Seng Index has shown significant signs of rebound recently, indicating the market's volatility and gradual recovery of investor confidence.
Hong Kong stocks soared across the board! The Hang Seng Index rose nearly 3%, while the A50 made a sharp surge. What happened?
What exactly happened? Analysts believe that there are three main driving factors.
US stock market close | The three major indexes all fell, with the Nasdaq falling more than 1%; Chinese concept stocks declined, with li auto inc falling more than 16% and pdd holdings falling more than 7%.
Warren Buffett's Berkshire Hathaway first reached a market cap of 1 trillion dollars, while Super Micro Computer fell by 19%, and Salesforce surged over 4% after the financial report.
Citi: Significantly raised the target price of GDS Holdings to $25.1, reiterating a "buy" rating.
On August 28, Citigroup issued a research report stating that GDS Holdings has a positive outlook for its operation. It is benefiting from the strong recovery of domestic demand and increased capital investment in AI and cloud by technology industry leaders. The report envisions that the company will realize the value of its mainland assets through REIT, which is expected to drive continuous deleveraging and revaluation of enterprise value. Citigroup maintains a bullish view on GDS Holdings' strong IDC delivery capabilities, ability to meet customer demands, and maintain a high market share. The bank also stated that GDS Holdings has a diversified customer base and low customer concentration risk, and has raised its EBITDA forecast for 2024 to 2026 by 4% and 7% respectively.
Hang Seng Index fell by 182 points, Meituan's performance was under pressure, nongfu spring dropped by ten percent.
The market continues to watch the US PCE inflation data and Nvidia (NVDA.US) quarterly earnings. The Hong Kong stock market fell, with the Hang Seng Index opening 26 points lower. It rose 4 points in the early stage and reached a high of 17,879 points before falling again. In the afternoon, it fell 215 points, reaching a low of 17,659 points. It closed the day down 182 points or 1.1% at 17,692 points. The H-share index fell 80 points or 1.3% to 6,225 points. The Hang Seng Tech Index fell 55 points or 1.6% to 3,445 points. The total trading volume of the market for the day was 93.93 billion yuan. Several blue-chip companies announced their performance. Anta Sports (02020.HK) earned a net profit increase of 63% in the first half.
The National Bureau of Statistics is studying the formulation of policies for the development of the data industry.
Li Liehong, director of the National Bureau of Statistics, stated at the opening ceremony of the 2024 China International Big Data Industry Expo that the systematic layout nurtures and strengthens the big data industry. Based on thorough prior research, the National Bureau of Statistics is currently collaborating with relevant departments to formulate industry development policies. The policy aims to seize the strategic opportunities for the growth of the data industry, cultivate data enterprises, shape the industry ecology, and transform the advantages of the mainland's large-scale market and the vast data into industrial advantages, thereby enhancing the competitiveness of the data industry. (TA/S)~
Hong Kong stock concept tracking | The heavy-duty document of the data elements is expected to be released soon! The industry is expected to enter a period of rapid development (with concept stocks).
Recently, the leaders of the National Bureau of Statistics have been speaking intensively, and relevant policies are expected to be released soon.
Buy Rating for GDS Holdings Amidst Strong Growth and Expansion Prospects
Exchange-Traded Funds Edge Lower, Equity Futures Mixed Pre-Bell Tuesday as Stocks Struggle for Direction
B of A Securities Maintains Buy on GDS Holdings, Raises Price Target to $22.4
GDS Holdings Analyst Ratings