|Over a week ago|
GDS Holdings price target raised to $95 from $69 at RBC Capital » 09:1206/3006/30/20
RBC Capital analyst…
RBC Capital analyst Jonathan Atkin raised the firm's price target on GDS Holdings to $95 from $69 and keeps an Outperform rating on the shares. The analyst cites the recent announcement of a $505M private placement, with the proceeds from the investment to be used for organic datacenter development, potential acquisition opportunities, and other corporate purposes. Atkin adds that he is positive on GDS Holdings' expanding land bank that will fill a growing development pipeline with a "higher level of stabilized EBITDA."
GDS Holdings announces equity investment by Hillhouse, STT GDC » 09:3806/2206/22/20
GDS Holdings Limited…
GDS Holdings Limited announced that two long-term investors, Hillhouse Capital and ST Telemedia Global Data Centres, have agreed to purchase, through a private placement, a total of $505 million of newly issued Class A ordinary shares of the Company at a price equivalent to $65 per ADS. The private placement represents approximately 5.1% of the Company's total outstanding shares. Hillhouse will subscribe $400 million and STT GDC will subscribe $105 million. The purchase price reflects a 5.9% discount to the VWAP of GDS shares for the last 10 trading days ended June 19, 2020. Following the equity investment, Hillhouse's ownership position in GDS will be approximately 3.9% and STT GDC will be approximately 34.2%. The proceeds from the investment will be used by GDS for its organic data center development, potential acquisition opportunities, and other general corporate purposes. The transaction is expected to close in the next few days.
Jefferies starts GDS Holdings, 21Vianet at Buy on data center growth » 16:4206/1606/16/20
Jefferies analyst Edison…
Jefferies analyst Edison Lee initiated coverage of GDS Holdings (GDS) and 21Vianet (VNET) with a Buy rating, noting that China's internet data center growth is "shifting into the fast lane" amid continued digitization, cloud migration and 5G. The analyst anticipates internet data center utilization to rise to 78% by 2022 from 65% currently with "ongoing shortages" in tier-1 cities. Lee adds that 21Vianet has more upside as "past distractions" and Unigroup's leverage attracted an unwarranted discount.
GDS Holdings initiated with a Buy at Jefferies » 16:2006/1606/16/20
Jefferies analyst Edison…
Jefferies analyst Edison Lee initiated coverage of GDS Holdings with a Buy rating and $86.34 price target.
|Over a month ago|
GDS Holdings reports Q1 EPS (RMB0.09) vs. (RMB0.15) » 06:5105/1405/14/20
Reports Q1 revenue…
Reports Q1 revenue $175.2M, consensus $175.78M. Q1 total area committed and pre-committed increased by 22,112 square meters to 286,990 sqm as of March 31, up 43.6% Y-o-Y. Q1 area in service increased by 4,023 sqm to 229,986 sqm as of March 31, up 34.1% Y-o-Y. "We kicked off 2020 with an outstanding Q1 fueled by strong results across the full spectrum of our business, despite challenges presented by the COVID-19 pandemic," said CEO William Huang. "Our sustained growth performance in the first quarter of 2020, with 39.1% revenue and 49.3% adjusted EBITDA growth, clearly demonstrates the resilience of our business," commented CFO Dan Newman. "Our adjusted EBITDA margin hit a new high of 46.1% during the quarter, increasing by 3.1 percentage points compared with the same period last year. We remain strongly capitalized for the opportunities in front of us."
GDS Holdings initiated with a Buy at Goldman Sachs » 08:1304/2104/21/20
Goldman Sachs analyst…
Goldman Sachs analyst Tina Hou initiated coverage of GDS Holdings with a Buy rating and $70.30 price target. GDS is the leader in China's carrier-neutral data center market with the strongest revenue growth among its peers, Hou tells investor sin a research note. The analyst sees quarterly results, announcements of new projects and favorable policies as share catalysts.
|Over a quarter ago|
Raymond James reiterates Strong Buy on GDS Holdings after short report released » 13:5403/2603/26/20
Raymond James analyst…
Raymond James analyst Frank Louthan maintained a Strong Buy rating and $58 price target on GDS Holdings following the release of a short report from a boutique asset firm in China that alleged "many of the same things that a prior firm did in 2018" that "displays the authors' lack of understanding regarding utilization, similar to last time." Louthan said that he would continue to look into the report and return with further analysis.
At least 25% of GDS Holdings' revenue is 'fraudulent,' J Capital Research says » 08:3803/2603/26/20
At least 25% of GDS…
At least 25% of GDS Holdings' revenue is "fraudulent," J Capital Research says, contending that the company creates "fake" revenue by round-tripping its own debt and capex, and "aggressively" recognizes future revenues, a portion of which the firm thinks will never be realized. Reference Link
GDS Holdings price target raised to $69 from $62 at RBC Capital » 09:3103/2403/24/20
RBC Capital analyst…
RBC Capital analyst Jonathan Atkin raised the firm's price target on GDS Holdings to $69 from $62 and keeps an Outperform rating on the shares. The analyst is positive on the company's positioning in an under-penetrated growing market with strong customer demand trends and limited competitive supply. Atkin adds that GDS Holdings' financial guidance reflects a conservative view of customer move-in timeframes due to supply-chain uncertainties related to COVID-19.
GDS Holdings sees FY20 revenue RMB5,510M-RMB5,750M » 08:5503/1903/19/20
Implies a year-on-year…
Implies a year-on-year increase of between approximately 33.7% to 39.5%. Sees adjusted EBITDA to be between RMB2,550 million to RMB2,670 million, implying a year-on-year increase of between approximately 39.8% to 46.4%. In addition, the Company expects capex to be around RMB7,500 million for the full year of 2020, including around Rmb2,500 million related to previously announced property and data center acquisitions. This forecast reflects the Company's preliminary view based on the current business situation and market conditions. Due to the impact of the COVID-19 epidemic and the resulting business disruption in many aspects of the Chinese and global economy, this forecast remains uncertain and subject to change. While China appears to be on a path to recovery, the situation is evolving, and we are closely monitoring developments. Looking beyond the current period, we are confident that GDS will emerge stronger, with even greater opportunity to drive long-term sustainable growth.