Business Outlook
The Company confirms that the previously provided guidance of total revenues for the year of 2024 of RMB11,340 – RMB11,760 million, Adjusted EBITDA of RMB4,950 – RMB5,150 million and capex of around RMB6,500 million remain unchanged.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/8/2024 | $13.00 → $14.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 7/7/2023 | $24.50 → $15.50 | Buy | BofA Securities |
| 6/12/2023 | $28.80 → $13.60 | Buy | HSBC Securities |
| 3/17/2023 | $20.00 | Hold → Buy | Deutsche Bank |
| 8/26/2022 | $41.00 → $33.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 8/25/2022 | $28.00 | Overweight → Neutral | JP Morgan |
| 8/25/2022 | $32.79 | Buy → Hold | Deutsche Bank |
| 7/29/2022 | Buy → Neutral | Nomura |
SC 13D/A - GDS Holdings Ltd (0001526125) (Subject)
SC 13G - GDS Holdings Ltd (0001526125) (Subject)
SC 13G/A - GDS Holdings Ltd (0001526125) (Subject)
RBC Capital Mkts upgraded GDS Holdings from Sector Perform to Outperform and set a new price target of $14.00 from $13.00 previously
BofA Securities resumed coverage of GDS Holdings with a rating of Buy and set a new price target of $15.50 from $24.50 previously
HSBC Securities resumed coverage of GDS Holdings with a rating of Buy and set a new price target of $13.60 from $28.80 previously
SINGAPORE, Oct. 29, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited (the "Company" or "GDSH") (NASDAQ:GDS, HKEX: 9698)), a leading developer and operator of high-performance data centers in China and South East Asia, today announced that its international affiliate, DigitalLand Holdings Limited ("GDS International" or "GDSI"), which acts as the holding company for GDSH's data center assets and operations outside of mainland China, has entered into definitive agreements for certain institutional private equity investors (the "Investors") to subscribe for US$1.0 billion of Series B convertible preferred shares (the "Series B") newly issued by GDSI. GDS International was established in 2022 wi
SHANGHAI, China, Aug. 27, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced the release of its 2023 Environmental, Social and Governance ("ESG") report, detailing the Company's ongoing sustainability efforts and its ESG performance. In a significant development, GDS is delighted to announce that, through implementing a diverse strategy for renewable energy replacement, it achieved a renewable energy usage of 38% in 2023. Notably, 41 data centers are now certified as green data center. The renewable energy transitio
SHANGHAI, China, Aug. 21, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Net revenue increased by 14.3% year-over-year ("Y-o-Y") to RMB2,826.4 million (US$388.9 million) in the second quarter of 2024 (2Q2023: RMB2,472.0 million). Net revenue increased by 17.7% Y-o-Y in the second quarter of 2024 (excluding previously disclosed one-time items of RMB70.7 million from the same period last year).
6-K - GDS Holdings Ltd (0001526125) (Filer)
6-K - GDS Holdings Ltd (0001526125) (Filer)
6-K - GDS Holdings Ltd (0001526125) (Filer)
RBC Capital analyst Jonathan Atkin upgrades GDS Holdings (NASDAQ:GDS) from Sector Perform to Outperform and raises the price target from $13 to $14.
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SHANGHAI, China, Aug. 21, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced its unaudited financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Highlights Net revenue increased by 14.3% year-over-year ("Y-o-Y") to RMB2,826.4 million (US$388.9 million) in the second quarter of 2024 (2Q2023: RMB2,472.0 million). Net revenue increased by 17.7% Y-o-Y in the second quarter of 2024 (excluding previously disclosed one-time items of RMB70.7 million from the same period last year).
SHANGHAI, China, Aug. 07, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced that it will report its second quarter 2024 unaudited financial results after the close of the Hong Kong market and before the open of the U.S. market on August 21, 2024. The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Wednesday, August 21, 2024 (8:00 PM Hong Kong Time on the same day). Participants should complete online registration using the link provided below at least 15 minutes befor
SHANGHAI, China, May 22, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS", "GDSH" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced its unaudited financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Net revenue increased by 9.1% year-over-year ("Y-o-Y") to RMB2,627.4 million (US$363.9 million) in the first quarter of 2024 (1Q2023: RMB2,409.0 million).Net loss was RMB344.9 million (US$47.8 million) in the first quarter of 2024 (1Q2023: net loss of RMB474.6 million).Adjusted EBITDA (non-GAAP) increased by 4.7% Y-o-Y
SHANGHAI, China, June 27, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced that it held its Annual General Meeting of Shareholders ("2024 AGM") on June 27, 2024. Each of the resolutions submitted to the shareholders for approval at the 2024 AGM has been approved. Specifically, the shareholders of the Company passed ordinary resolutions approving: Re-election of Mr. Lim Ah Doo as a director of the Company;Re-election of Mr. Chang Sun as a director of the Company;Re-election of Ms. Judy Qing Ye as a director of the
SHANGHAI, China, March 26, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS", "GDSH" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced the appointment of Ms. Jamie Khoo, currently the Chief Operating Officer ("COO") of GDS, as the Chief Executive Officer ("CEO") of DigitalLand Holdings Limited ("GDS International" or "GDSI"), the holding company for GDS's international data center assets and operations. The appointment is effective at the closing of the Series A capital raise of GDS International which has been announced today. Concurrently, Jamie will step down as
SHANGHAI, China, Dec. 07, 2023 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ:GDS, HKEX: 9698))), a leading developer and operator of high-performance data centers in China and South East Asia, today announced, effective December 4, 2023, that Mr. Lee Choong Kwong, director of the board of directors ("Board"), resigned from the Board for personal reasons. The Company also announced the appointment of Mr. Liu Chee Ming to the Board as a director effective December 4, 2023. Mr. Liu has been appointed as a director by STT GDC Pte Ltd. pursuant to the exercise of its appointment right under the GDS Articles of Association. Mr. Liu has over 40 years