Movement Alert|GDS-SW Falls 3.09% in Regular Trading, Q2 Earnings Preview Shows EBIT Expected to Decline

Market Focus08-06 09:58

On August 6, GDS-SW fell 3.09% in regular trading, trading at 31.4 HKD/share, with turnover of 808.41 million HKD. The decline came as the market digested a downbeat Q2 earnings preview ahead of the company's scheduled results release on August 13.

Market consensus projects Q2 net revenue of approximately RMB 3.086 billion, representing 9.32% year-over-year growth, while EBIT is expected at RMB 401 million, a 3.23% year-over-year decline. Adjusted EPS is forecast at -0.06 yuan, still negative though improving 25% from the prior year. Goldman Sachs had previously flagged that actual capacity expansion and customer move-in progress lagged expectations, pressuring near-term revenue and EBITDA performance.

The broader Internet Services and Infrastructure sector traded weak on the same day, with KINGSOFT CLOUD down 5.39% and SUNEVISION down 2.95%, reflecting subdued sector sentiment that compounded company-specific earnings concerns to weigh on the stock.

(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.)

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