Research reports | HTSC: Downgrade the target price of GDS Holdings to HK$26.4, overseas business receives financing again.
Gelonghui reported on November 25 that htsc published a research report indicating that gds holdings announced its third-quarter performance, with total revenue increasing by 17.7% year-on-year to 2.966 billion yuan, mainly due to the improvement of the domestic industry's supply and demand situation and strong growth in overseas business. The report stated that the company has maintained its performance guidance for 2024, expecting total revenue to be between 11.34 billion and 11.76 billion yuan (a year-on-year increase of 13.9% to 18.1%), adjusted EBITDA to be between 4.95 billion and 5.15 billion yuan (a year-on-year increase of 7% to 11.4%), and raised capital expenditure for the entire year of 2024 to 11 billion.
BOCOM Intl raised the target price of GDS Holdings (09698.HK) to 22.88 yuan as international business progresses well.
Bocom Intl released a report stating that GDS Holdings (09698.HK) third-quarter performance met expectations, raising annual capital expenditure guidance. In the third quarter, the company achieved revenue of approximately 2.966 billion yuan, a year-on-year increase of 17.7%. Adjusted EBITDA was 1.295 billion yuan, a 15% year-on-year increase, approximately 26.7% of the bank's previous full-year forecast of 4.85 billion yuan. The company maintains its full-year performance guidance unchanged, expecting annual revenue to be between 11.34 billion and 11.76 billion yuan, with a year-on-year growth rate between 13.9% and 18.1%, and adjusted EBITDA between 4.95 billion and 5.
Bocom Intl: Maintains Buy rating on GDS Holdings-SW (09698), with target price at 22.88 Hong Kong dollars.
The company maintains its full-year performance guidance unchanged, with expected annual revenue between 11.34 billion and 11.76 billion yuan, and adjusted EBITDA between 4.95 billion and 5.15 billion yuan.
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CICC raised gds holdings (GDS.US) target price to $24, accelerating delivery both domestically and internationally.
CICC released a report stating that gds holdings (09698.HK) third quarter revenue grew by 17.7% year-on-year to 2.966 billion yuan, an increase of 4.9% compared to the previous quarter; adjusted EBITDA increased by 15% year-on-year to 1.296 billion yuan, a decrease of 1.3% quarter-on-quarter; the adjusted EBITDA margin decreased by 1 percentage point year-on-year to 43.7%, down by 2.7 percentage points compared to the prior quarter, and the performance met market expectations. The report mentioned that gds holdings' domestic business is accelerating delivery, as the company is laying out ultra-large-scale datacenters in key domestic locations, and with the increase in capital expenditure by domestic cloud providers, the report believes that the company will balance resources.