GDS-SW Surges Over 3% in Intraday Trading, to Sell $385 Million Stake in DayOne

Deep News11:50

GDS-SW (09698) rose more than 3% in early trading. At the time of writing, the stock was up 2.26%, trading at HKD 39.88, with a turnover of HKD 65.5793 million.

The company previously announced it will sell its $385 million stake in DayOne. This share repurchase will allow GDS to recover approximately 95% of its initial investment principal in DayOne, representing an investment return of nearly 6.5 times. The recouped funds will be allocated to domestic AIDC (AI Data Center) investments. GF Securities believes this move signals continued optimism for the forefront of domestic computing power infrastructure investment.

CCB International released a research report stating that GDS's core strengths lie in its deployment of high-standard AI infrastructure in first-tier cities and surrounding regions, a high proportion of new orders being AI-related, and the issuance of the country's first public data center REITs, leading the industry in capital operation efficiency.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment