On June 1, GDS Holdings-SW rose 4.69% in regular trading, trading at HK$34.9/share, with trading volume of HK$134 million. The stock continued its recovery rally driven by strong institutional support and robust order data.
On the news front, multiple major investment banks have reiterated bullish ratings on the company. Macquarie reaffirmed its Outperform rating with an H-share target price of HK$54.6; Goldman Sachs maintained its Buy rating with a target price of HK$54; and CITIC Securities raised its target price to HK$50. All three target prices imply approximately 50-60% upside from current levels. CITIC Securities highlighted that the company signed new orders with IT power capacity of 346MW in Q1, surpassing the entire previous fiscal year, underscoring surging demand for AI computing infrastructure.
The stock had previously corrected over 15% due to concerns over Q1 profit quality — with over 80% of net profit attributed to one-time investment gains — and a capital expenditure plan of RMB 30-50 billion over the next three years. The current rebound reflects improving sentiment as institutional endorsements offset near-term financial pressure concerns.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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