JP-GDS @EC2611A

LEOCH INT'L

STARGLORY HLDGS

INTELLIMARK W27

BEST FOOD HLDG

GAOYU FINANCE

EXTREME VISION

TIAN TU CAPITAL

HSC RESOURCES

EPI (HOLDINGS)

LAP KEI ENGRG

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-SW

NIO Inc

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

IDGT

09698

SRVR

DTCR

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.

动点科技英文源

iShares US Digital Infrastructure and Real Estate ETF

GDS-SW

Pacer Data & Infrastructure Real Estate ETF

Global X Data Center & Dgtl Infrs 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%

Wallstreetcn

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%

.HXC

BIDU

02026

BABA

DRAG

BABX

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%

NASDAQ Golden Dragon China Index

Baidu

PONY-W

BIDU-SW

Meituan

Alibaba

Noah

BOSS ZHIPIN-W

XPENG-W

BYD Company

BYD COMPANY

WERIDE-W

YUM China

MEITUAN

XPeng

BYD Company Limited

YUM CHINA

NOAH HOLDINGS

BABA-W

Direxion FTSE China Bull 3X

KraneShares 2x Long BABA Daily ETF

Roundhill China Dragons ETF

BABA 2x Long Daily ETF - GraniteShares

Invesco Golden Dragon China

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

HSBC Global Research raised the target prices for GDS and Century Internet, maintaining a "Buy" rating. GDS is expected to record an order inflow of 95MW in 2025, while Century Internet is projected to be 137MW. GDS has already signed new orders of 200MW this year and is expected to achieve 500MW in the future. The capital expenditures of both companies will be financed through project loans, operating cash flow, and REIT sales. The target price for GDS has been raised to $70.5, the target price for H shares has increased to HKD 68.7, and the target price for Century Internet has been slightly adjusted to $14.5

"Large Banks" Huayan raises the target price of GDS and Century Internet, rating "Buy"

Huatai Securities analyst maintained a Buy rating on GDS Holdings Ltd. yesterday and set a price target of HK$58.94. The company’s shares closed last Wednesday at HK$43.60.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Currently, the analyst consensus on GDS Holdings Ltd. is a Strong Buy with an average price target of €5.60.

Tip Ranks

Huatai Securities Sticks to Their Buy Rating for GDS Holdings Ltd. (G401)

Macquarie released a research report, lowering the target price of GDS from RMB 61.1 to RMB 57.1, with a rating of "Outperform." It is expected that driven by improved chip visibility and a surge in demand, hyperscale data center operators will accelerate their network capital expenditures in the fiscal year 2026. Macquarie raised the company's earnings per share forecast for this year and next year to RMB 1.7 and RMB 9.5, respectively, believing that GDS is ready to embrace a growth cycle in AIDC for the coming years

Macquarie lowers GDS target price to 57.1 yuan, rating "Outperform"

UBS report points out that GDS performed strongly in the fourth quarter, with adjusted EBITDA exceeding expectations, signing a 60MW order, and total signed volume exceeding 280MW in 2025. It is expected that the median annual growth rates for revenue and EBITDA in 2026 will be 10.7% and 8.7%, respectively. UBS raised its EBITDA forecast for 2026 to 2028 by 2% to 3.5%, and increased the target price for GDS from $60 to $62, reiterating a "Buy" rating

UBS raises GDS target price to $62, quarterly results exceed expectations

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Hong Kong stocks rose under the drive of AI concepts, with the Hang Seng Index closing up 156 points at 26,025 points, and the total turnover reaching HKD 240.374 billion. Alibaba and Baidu's stock prices rose by 2.2% and 2.3%, respectively. MiniMax's stock price soared by 19.8%, and GDS turned a profit, with its stock price increasing by 15.2%. Tencent Music's H shares fell by 22.7% due to net profit margin guidance falling short of expectations

KNOWLEDGE ATLAS

Hwabao CSI HK Equities Internet ETF

E Fund CSI HK Connect Internet ETF

MINIMAX-W

The Hang Seng Index closed up 156 points, Alibaba and Baidu rose over 2%, MiniMax and KNOWLEDGE ATLAS surged by 20%

GDS-SW rose 16.89%; Kingsoft Cloud rose 16.54%, with a transaction volume of HKD 1.387 billion; New Oriental Group rose 5.81%, with a transaction volume of HKD 48.52 million; Jiamu Technology fell 2.01%, with a transaction volume of HKD 134,400; YunGongChang rose 1.85%, with a market value of HKD 1.582 billion

HK Stock Movers Tracker

Hong Kong Stock Movement: GDS Holdings' stock price rises 16.89%, with performance turnaround and analyst ratings boosting market confidence

Today, $Vnet(VNET.US) and $GDS(GDS.US) experienced significant adjustments. The main reasons investors are focusing on include: 1) Profit-taking effects; 2) Rumors of tighter AI chip restrictions gaining traction; 3) DeepSeek's public disclosure of inference efficiency and costs, where higher cluster utilization leads to lower unit costs.Typical data center businesses and companies are not involved in computing power leasing. Their order demand and performance are more related to how much capital expenditure internet companies and other clients invest in server purchases, and subsequently, how much server hosting services (i.e., data center leasing demand) are generated. The judgment on whether the IDC market trend can continue essentially depends on whether domestic cloud providers' capital expenditure increases are sustained and whether they allocate orders to third parties rather than building their own facilities.Regarding value-for-money improvement positions: Based on industry average valuations, GDS at 15x 2025e EV/EBITDA corresponds to a stock price of $31; VNET at 12x 2025e EV/EBITDA corresponds to a stock price of $9.3, both significantly below the industry average.Regarding support levels: Based on expected REITs valuations, GDS at 13x 2025e EV/EBITDA corresponds to a stock price of $23; VNET at 10x 2025e EV/EBITDA corresponds to $6.7.Key follow-up items to monitor: 1) GDS earnings call—new domestic and overseas orders, Capex guidance, Day One listing plan, REITs progress; 2) VNET earnings call—new orders for domestic base-type business, utilization expectations for urban-type business, Capex guidance, REITs progress; 3) Tencent's earnings capital expenditure guidance and actual progress in internet companies' capital expenditures; 4) Overall investment sentiment in tech stocks.(Repost)

Vnet

Forwarded from: Xingzhi US Stocks What is our research colleague's view on this topic? Ronald Keung pointed out that as the entry threshold lowers (especially with the recent development costs of some new models being only a small fraction of existing models), the AI theme may present a potential competitive landscape between capital-rich internet giants and startups. Eric Sheridan and the team emphasized...

JP-GDS @EC2611A(27999.HK)

JP-GDS @EC2611A Stock Performance Chart

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

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

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

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