CT-GDS @EC2706A

Triata Capital Significantly Reduces GDS Holdings Stake, Cashing Out Approximately $80.89 Million

GDS Releases Q1 Report: 3-Year Integrated Development Cost per kW Dropped by Approx. 15%

GDS Releases Q1 Report: AI Driven Recovery, Plans 30-50 Billion RMB Investment for Expansion

GDS Holdings Reports Q1 2026 Results: Net Profit Surges 247% to 2.65 Billion RMB, Maintains Full-Year Guidance

Digital China confirms 2026 full-year financial guidance remains unchanged

GDS Q1 2026: Net Profit Surges 247% to 2.65B RMB, Plans Financing for AI Infrastructure Growth

GDS-SW released FY2026 Q1 earnings on May 20 Pre-Market (BJT), actual revenue HKD 3.817 B (forecast HKD 3.384 B), actual EPS HKD 1.4965 (forecast HKD 0.4988)

GDS Holdings Posts 2025 Profit Turnaround Amid Main Business Strains, Plans $9B CapEx for AI-Focused Expansion

GDS-SW to Release FY2026 Q1 Earnings on May 20 Pre-Market (BJT), Forecast Revenue HKD 3.436 B, EPS HKD 0.5006

UBS Report: Positive Outlook for Domestic GPU Market, Target Price for GDS Lowered

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

JOLIMARK

TIMES UNI GP

APEX ACE HLDG

VPOWER GROUP

GW TIANDI

FUJING HOLDINGS

TEAMWAY INTL GP

SFSY NEW MAT

FDB HOLDINGS

KEEN OCEAN

09698

Indonesia's sovereign wealth fund, INA, is investing in digital infrastructure, particularly in AI-related projects, with around 74.5 trillion rupiah (S$5.4 billion) allocated so far. About 30% of this investment targets digital infrastructure, including funding for DayOne Data Centres. INA aims to capitalize on a projected US$3 trillion investment boom in data centers over the next five years, while also navigating the global AI landscape and potential impacts from rising oil prices.

Businesstimes News

GDS-SW

Moodys

Indonesian sovereign wealth fund INA joins the data centre boom

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.

AASTOCKS News

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

GDS Announces Resignation and Appointment of Independent Director and Audit Committee Chair | GDS Stock News

StockTitan

GDS Announces Resignation and Appointment of Independent Director and Audit Committee Chair | GDS Stock News

DTCR

GDS's subsidiary DayOne Data Centers Ltd. is considering a dual listing in Singapore and the United States, expecting to raise approximately $5 billion, with a valuation potentially reaching $20 billion. DayOne has developed data centers in several Asian countries and plans to expand to Japan and Finland. GDS currently holds about 24% equity in DayOne, and although its Hong Kong-listed shares have fallen by 2.1%, they have still risen by approximately 23% year-to-date

BambooWorks

Global X Data Center & Dgtl Infrs ETF

News: GDS's subsidiary DayOne plans a new dual listing in the U.S. with a valuation potentially reaching $20 billion

IREN

As of the close on May 8, GDS-SW's MACD daily line formed a bullish signal above the zero axis, indicating a medium-term trend direction leaning towards bullish, with buying power gradually accumulating. The trading volume that day was approximately HKD 219 million, with increased volume indicating a resurgence of market interest in the data center sector. As a leading third-party data center operator in China, GDS's recent performance is closely tied to the investment boom in AI computing infrastructure. On the news front, NVIDIA announced a $2.1 billion investment to expand its data centers and signed a $3.4 billion AI cloud contract, reigniting market enthusiasm for the global demand for data center expansion. CoreWeave's financial report shows that the proportion of inference computing consumption has exceeded half, suggesting that the demand for data centers from the AI inference side may exceed previous expectations. GDS has a strong layout of quality data center resources in China, and against the backdrop of an explosive demand for AI large model training and inference computing, its capacity utilization and new signed orders are expected to continue improving. The overall capital inflow into the Hong Kong stock cloud and data center sector is significant. From a technical perspective, after experiencing prior adjustments, the stock price has stabilized and rebounded, with short-term moving averages beginning to turn upward. If it can break through the upper edge of the recent fluctuation range with increased volume, it is expected to confirm the start of a new upward phase. Attention should be paid to the performance of similar U.S. stocks IREN and CoreWeave as they may influence the sentiment in the Hong Kong stock data center sector. The short-term trend is leaning towards bullish, with the AI industry catalyzing a clear growth narrative for data center stocks

Technical Forecast

NVIDIA

Coreweave

NVIDIA Corporation

Pre-market trend | GDS-SW (9698.HK) 5/8 Data center concept active, are the main players positioning?

VNET

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.

Vnet

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

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

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)

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...

CT-GDS @EC2706A(29703.HK)

Indonesian sovereign wealth fund INA joins the data centre boom

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

GDS Announces Resignation and Appointment of Independent Director and Audit Committee Chair | GDS Stock News

News: GDS's subsidiary DayOne plans a new dual listing in the U.S. with a valuation potentially reaching $20 billion

Pre-market trend | GDS-SW (9698.HK) 5/8 Data center concept active, are the main players positioning?