<div id="readability-page-1"><div><p>M Stanley said in a report that GDS-SW (09698.HK)<span> </span><span> -1.000 (-2.914%)  </span> <span> Short selling $28.02M; Ratio 15.910%  </span> 's 1Q results far exceeded expectations, mainly driven by accelerated expansion by hyperscale cloud vendors and surging demand for high-performance AI data center resources. Net additional bookings reached about 200MW, a record high for a single quarter, and full-year new bookings are likely to exceed the 500MW target smoothly. The broker reiterated its Outperform rating, as the strong backlog has enhanced revenue visibility for 2027 and beyond.</p><p>The broker lowered its EPS forecasts for this year and next year from RMB0.19 and RMB0.23 to RMB0.10 and RMB0.21, respectively. It expects the strong booking momentum to begin translating into earnings from the end of 2027. The H-share TP was cut by 4% to HKD54.6 (previously HKD57.1). (su/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-22 12:25.)</p></div></div>

09698

<p>M Stanley has cut the target price for GDS-SWto HKD54.6 from HKD57.1, despite a strong earnings outlook. The company's 1Q results exceeded expectations, driven by demand for AI data center resources, with record bookings of about 200MW. EPS forecasts for this year and next have been lowered to RMB0.10 and RMB0.21. The broker maintains an Outperform rating, citing strong revenue visibility for 2027 and beyond.</p>

AASTOCKS News

GDS-SW

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

MORGAN STANLEY DEP SHS REP 1/1000 NON-CUM PFD STK SER K

M Stanley Cuts GDS-SW  TP to HKD54.6; Earnings Outlook Remains Solid