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.)
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