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BOCOM Intl: Maintains 'buy' rating on GDS Holdings (09698.HK) with target price of HKD 20.18.
Bocom Intl. raised gds holdings-SW(09698) revenue forecast for 2024-2026 to 11.51/13.31/14.89 billion RMB.
HK stocks movement | GDS Holdings - SW (09698) surged over 12% again, with a cumulative increase of over 50% within the month. Institutions stated that the company's second-quarter performance exceeded expectations.
GDS Holdings-SW(09698) rose more than 12% again, with a cumulative increase of more than 50% this month. As of the time of writing, it has increased by 12.38%, with a price of HKD 15.98 and a turnover of HKD 29.3644 million.
[Brokerage Focus] Bocom Intl Raises Target Price of GDS Holdings (09698) by 78.9%, pointing to better-than-expected performance in Q2.
Jinyu Financial News | Bocom Intl's research report pointed out that GDS Holdings (09698) achieved revenue of approximately 2.826 billion yuan in the second quarter, a year-on-year increase of 17.7%. Adjusted EBITDA was 1.312 billion yuan, a year-on-year increase of 14.9%, slightly higher than expected. The China business benefited from accelerated settlement and maintained steady growth. The international business continues to acquire large-scale orders, and Series B financing has been initiated. The bank raised its forecast for revenue in 2024-2026 to 11.51/13.31/14.89 billion yuan, with a CAGR of 14.4% during this period, and raised the forecast for adjusted EBITDA to 48.5/5.
Overnight news: U.S. stocks fell. The proposer of the "Sam Rule" said the Fed should cut interest rates by 50 basis points in September. The president of the Federal Reserve Bank of Philadelphia said the extent of the interest rate cut should be determine
For more global financial news, please visit the 24/7 real-time financial news market closing: US bond yields rose before Powell's speech, US stocks fell, Nasdaq fell 300 points. Top 20 US stock market turnover in August 22: Apple will allow EU users to delete default apps such as Safari. China concept stocks had mixed performances on Thursday, with GDS Holdings rising by 10.4% and Netease falling by 11.2%. US WTI crude oil closed above $73 per barrel on Thursday. COMEX gold futures fell by 1.06% to $2520.6 per ounce. Major European stock indices closed with mixed performances, with the Euro Stoxx 50 index remaining flat.
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