HS-GDS @EC2608A

FactSet: Analysts Raise GDS-US 2026 EPS Forecast

GDS Reports 10.8% Net Revenue Growth in FY25, Reversing Losses

Southern Wanguo Data Center REIT Outlines Competitive Advantages at 2025 Earnings Briefing

EcoCeres Successfully Pilots HVO as Alternative to Traditional Diesel with GDS

GDS Invests Over 6 Billion USD in Malaysia to Support Data Centers and AI

Nomura Raises GDS Target Price to $60.4

Macquarie expects chip demand surge to boost capital expenditure for leading hyperscale data center operators

Goldman Sachs Reiterates Buy Rating on GDS and Raises Price Target

Morgan Stanley Maintains Overweight Rating on GDS

FactSet Raises Target Price Forecast for GDS-US

GDS Outlines 2026 Booking Goals

GDS Announces Q4 and Full Year 2025 Unaudited Financial Results

GDS-SW released FY2025 annual earnings on March 17 Pre-Market (BJT), actual revenue HKD 12.5 B (forecast HKD 12.73 B), actual EPS HKD 0.6011 (forecast HKD 0.6327)

GDS-SW released FY2025 Q4 earnings on March 17 Pre-Market (BJT), actual revenue HKD 3.249 B (forecast HKD 3.225 B), actual EPS HKD -0.4786 (forecast HKD -0.2946)

FactSet Survey: Analysts Upgrade 2025 EPS Estimates for GDS ADR

GDS-SW to release FY2025 Q4 earnings on March 17, pre-market (BJT), forecast revenue HKD 3.299 B, EPS HKD -0.2903

DayOne Data Center Establishes Training and Service Centers in Malaysia and Makes Massive Investments

GDS completes $300 million convertible preferred stock placement

GDS Completes $300 Million Series B Convertible Preferred Stock Offering to Huatai Capital Management

JPMorgan Upgrades GDS Rating and Price Target

SOMERLEY CAP

TIANLI HOLDINGS

CPM GROUP

FUTONG TECH

NICHE-TECH SEMI

SINO ICT

COSMOS MACH

UBOT HOLDING

SAMPLE TECH

PERENNIAL INT'L

VNET

09698

DTCR

China's data centre operators are increasingly utilizing asset-backed securities (ABS) to raise over $1 billion from investors seeking higher yields. This funding method, introduced less than three years ago, has seen significant growth, with 70% of total issuance occurring in the last six months. Major players like GDS Holdings and VNET Group have issued around 9 billion yuan in privately-placed products. These securities offer returns linked to the performance of underlying assets, appealing to investors in a low interest-rate environment. Despite rapid growth, some investors remain cautious due to limited liquidity and sustainability concerns.

Businesstimes News

Vnet

GDS-SW

Global X Data Center & Dgtl Infrs ETF

China’s data centres are plugging into Reit-style financing wave

EcoCeres collaborates with GDS to successfully replace traditional diesel with hydrotreated vegetable oil (HVO) to provide low-carbon backup power for data centers. This pilot project is one of the demonstrations of HVO in China's internet data centers, with a potential reduction of approximately 90% in greenhouse gas emissions over the full lifecycle of HVO. EcoCeres plans to collaborate with more operators to promote this low-carbon fuel model, supporting decarbonization goals for data centers and other industries

Stheadline

EcoCeres partners with GDS to establish a data center HVO pilot project to replace traditional diesel power supply

.HXC

09626

02026

DRAG

The Nasdaq Golden Dragon China Index initially closed up 3.1%. Among popular Chinese stocks, Pony.ai rose 10.7%, Meituan rose over 9%, Kingsoft Cloud and Tiger Brokers rose over 7%. Atour, GDS, and Bilibili rose over 5%, Alibaba rose 4.6%, WeRide, NIO, Xiaomi, and Pinduoduo rose over 4%, Tencent rose 3.7%. In terms of ETFs, CHAU rose 7.7%, EMXC rose 5.9%, CQQQ rose 5.8%, ASHS rose 5.7%, KWEB rose 3.74%

Wallstreetcn

NASDAQ Golden Dragon China Index

BILIBILI-W

MEITUAN

PONY-W

Tencent

NIO-SW

Tencent Holdings Limited

Alibaba

BABA-W

WERIDE-W

KINGSOFT CLOUD

KraneShares 2x Long BABA Daily ETF

Direxion FTSE China Bull 3X

Invesco Golden Dragon China

Roundhill China Dragons ETF

iShares MSCI China

Yinhua MSCI China A ETF

Invesco China Tech

KraneShares 2x Long PDD Daily ETF

Xtrk Hrvt Csi 500 Chn A S-Cp

516380

03032

03033

DRIV

STECH

000550

03067

600741

09863

515030

On April 2nd, Hong Kong stocks fluctuated lower, with the Hang Seng Index closing down 0.7% and the Hang Seng TECH Index falling 1.63%. Major technology stocks generally declined, while the automotive sector performed strongly, with Chery Automobile rising over 15%. Several new energy vehicle companies reported a rebound in delivery data, with Leapmotor, Li Auto, and Nio all achieving significant growth. The oil and petrochemical sector also showed strong performance. In terms of individual stocks, Brain Co. B rose over 14%, and Yangtze Optical Fibre and Cable rose nearly 8%

腾讯新闻 - 财经

Hwabao WP CSI Intelligent Electric Vehicle ETF

HSTECH ETF

CSOP HS TECH

Global X Autonomous & Electric V

Hang Seng TECH Index

ISHARESHSTECH

HASCO

LEAPMOTOR

Hua Xia CSI New Energy Vehicles ETF

NIO Inc. USD OV

LI AUTO-W

NIO Inc

The Hang Seng TECH Index fell by 1.63%, while the automotive sector strengthened | Hong Kong stock market closing review

IDGT

SRVR

Singapore-based DayOne Data Centers will invest over MYR28 billion ($6.9 billion) in Malaysia by 2026 to expand its data center operations and enhance the country's role as a digital hub. The investment aims to grow its infrastructure and workforce, with plans to double its Malaysian workforce to 1,200 and create over 5,000 additional jobs. DayOne also announced talent development programs for internships and training for over 1,000 data center engineers. The announcement was made at the DayOne Tech & AI Career Expo in Kuala Lumpur, emphasizing collaboration in developing digital infrastructure.

TechNode

iShares US Digital Infrastructure and Real Estate ETF

Pacer Data & Infrastructure Real Estate ETF

Singapore-based data center operator DayOne to invest $7B in Malaysia

00HSI

601068

688347

CHALIECO fell about 14%, SHANDONG MOLONG fell about 15%, MINIMAX fell about 8%, Pony.ai fell about 8%, BYD ELECTRONIC fell about 5%, GDS fell about 4%, Hua Hong Semiconductor fell about 5%

Hang Seng Index

CHALIECO

Hua Hong

Shandong Molong

BYD ELECTRONIC

SHANDONG MOLONG

CAM HS TECH

Tianhong Hang Seng TECH ETF(QDII)

Dacheng Hang Seng Technology ETF(QDII)

Hang Seng TECH ETF I

ChinaAMC Hang Seng Technology ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

Hang Seng Index closes up 0.15%, Hang Seng TECH Index down 0.86%

BIDU

The NASDAQ Golden Dragon China Index closed down 2.6% in preliminary trading. Among popular Chinese stocks, PONY-W saw the biggest drop, closing down 15% preliminarily; NOAH HOLDINGS fell 13.3%; GDS-SW and XPENG both dropped 6.6%; Baidu fell 5%; NIO fell 4.1%; Alibaba fell 3.5%; BYD fell 3.1%; YUM China, Meituan, LI AUTO, and Netease fell at least over 2.6%. Atour rose 0.1%, BOSS ZHIPIN rose 1.4%, Huazhu and WERIDE both rose 1.7%

Baidu

BIDU-SW

Meituan

Noah

BOSS ZHIPIN-W

XPENG-W

BYD Company

BYD COMPANY

YUM China

XPeng

BYD Company Limited

YUM CHINA

NOAH HOLDINGS

BABA 2x Long Daily ETF - GraniteShares

Krne Csi China Internet

02618

China Concept Stocks Index rose more than 2.2%, and CQQQ rose 4.2%. Among popular Chinese concept stocks, Baozun rose 17.85%, GDS rose 5.75%, while JD.com and VNET rose more than 5%. Alibaba rose more than 3.6%. Some stocks such as Yum China, XPeng, and Huazhu declined

JD LOGISTICS

JD.com

ProShares Online Retail

JD HEALTH

KraneShares 2x Long JD Daily ETF

Baozun

Amplify Online Retail ETF

China Concept Stocks Index rises over 2.2%, CQQQ up 4.2%, GDS, JD.com, and VNET up over 5%, Alibaba up over 3%

GDS turned a profit last year, with revenue increasing by 10.8% year-on-year to 11.43 billion yuan and a net profit of 960 million yuan. However, the quality of earnings was affected by asset impairment and investment income, with an operating loss of approximately 55.75 million yuan. The main source of profit was one-time gains, including 2.364 billion yuan from the termination of the merger with a subsidiary. The company's new orders and customer demand significantly increased, with the billable area rising to 504,800 square meters and the billing rate increasing to 75.5%

BambooWorks

GDS turned a profit last year, but the impressive surface relies entirely on one-time gains

XDAT

CLOU

Nomura has raised the target price for GDS to $60.4, expecting new orders to exceed 500 megawatts in 2026, with an annual growth of 58%. The firm believes the target is achievable, as it has signed a 200-megawatt contract and a memorandum of understanding for 500 megawatts with cloud service providers. GDS has secured over 3 gigawatts of land and power resources in newly developed areas, alleviating market concerns about its supply capacity. The adjusted EBITDA forecasts for 2026 and 2027 have been raised, and a "Buy" rating has been reiterated

AASTOCKS

Franklin Exponential Data ETF

Global X Cloud Computing ETF

Proshares Big Data Refiners ETF

Nomura raises GDS target price to $60.4, expects upward potential in this year's order guidance

HS-GDS @EC2608A(27980.HK)