Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
09698 GDS-SW
RTNominal up6.370 +0.710 (+12.544%)
Research Report

24/02/2021 10:55

{I-bank focus}Daiwa downgrades GDS Holdings to "outperform"


[ET Net News Agency, 24 February 2021] Daiwa Research maintained its target price for
GDS Holdings (09698) unchanged at HK$116 but downgraded its rating to "outperform" from
"buy".
The research house said GDS' share price has rallied 15% year-to-date and the valuation
for the stock has improved to 34-35x EV/EBITDA to Daiwa's 2021 EBITDA. Daiwa noted that
the market has greater expectations about GDS' capacity ramp-up in 2021 and more
acquisitions.
The research house remains bullish on GDS as more acquisitions towards 2H. However, it
also noted the near-term risk-reward profile has become less attractive at the current
valuation. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.