[ET Net News Agency, 24 December 2020] Huatai Research initiated coverage on GDS
Holdings (09698) with a "buy" rating and a target price of HK$108.
The research house said GDS, the largest third-party internet data center (IDC) services
company in China, provides a digital infrastructure to cloud vendors, large internet
companies, and enterprises.
Huatai expects the company to continue to deliver rapid revenue and EBITDA growth over
2020-2022, with CAGRs of 36.0% and 41.6%, respectively, given its strong IDC expansion
pipeline, strong execution ability and robust demand from its diversified customer
structure.
As of end-3Q, 85.3% of GDS's service area is located in tier-1 regions, including
Beijing, Shanghai, and the Greater Bay Area, to support demand from customers such as
Tencent (00700), Alibaba (09988), and ByteDance. (KL)
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09698 GDS-SW
Nominal 
21.250 +1.870 (+9.649%) Research Report
24/12/2020 11:53
{I-bank focus}Huatai starts GDS Holdings (09698) at HK$108
| Remark: | Real time quote last updated: 24/09/2024 15:58 |
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