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GDS Holdings Ltd.
(Frankfurt:9698)
GDS Holdings Ltd. (9698) vs. iShares MSCI Hong Kong ETF (EWH)
GDS Holdings Ltd. Business Overview & Revenue Model
GDS Holdings Ltd. Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.32B | 9.96B | 9.33B | 7.82B | 5.74B |
| Gross Profit | 2.22B | 1.92B | 1.94B | 1.78B | 1.55B |
| EBITDA | 4.39B | 1.36B | 3.85B | 3.27B | 2.34B |
| Net Income | 3.43B | -4.29B | -1.27B | -1.19B | -669.21M |
Balance Sheet | |||||
| Total Assets | 73.65B | 74.45B | 74.81B | 71.63B | 57.26B |
| Cash, Cash Equivalents and Short-Term Investments | 7.87B | 7.71B | 8.61B | 9.97B | 16.26B |
| Total Debt | 44.46B | 47.99B | 44.68B | 37.79B | 24.63B |
| Total Liabilities | 49.98B | 54.32B | 50.63B | 47.10B | 31.69B |
| Stockholders Equity | 23.54B | 19.96B | 24.07B | 24.47B | 25.57B |
Cash Flow | |||||
| Free Cash Flow | -1.03B | -4.19B | -4.95B | -8.50B | -7.70B |
| Operating Cash Flow | 1.94B | 2.07B | 2.86B | 1.20B | 320.89M |
| Investing Cash Flow | -8.76B | -6.33B | -11.27B | -13.69B | -9.38B |
| Financing Cash Flow | 17.06B | 3.14B | 4.86B | 8.12B | 20.14B |
GDS Holdings Ltd. Technical Analysis
GDS Holdings Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $34.60B | 5.43 | -11.67% | 1.84% | 5.30% | -18.55% | |
52 Neutral | HK$61.50B | ― | 0.84% | ― | 8.98% | 99.80% | |
| ― | $1.76B | 25.99 | 4.43% | 1.04% | ― | ― | |
| ― | $597.41M | ― | -4.20% | 3.91% | ― | ― | |
| ― | $4.39B | 15.72 | 9.69% | 2.22% | ― | ― | |
| ― | €109.69M | 10.28 | 44.71% | 9.12% | ― | ― | |
50 Neutral | HK$964.86M | ― | -127.76% | ― | 1.50% | 43.23% |
GDS Holdings Ltd. Corporate Events
GDS Holdings Limited announced the successful completion of its C-REIT initial public offering on the Shanghai Stock Exchange, which attracted significant interest from both institutional and retail investors. The institutional order book was 166 times covered, and the retail offering was 456 times over-subscribed, indicating strong market demand and positioning the company favorably in the data center infrastructure investment sector.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited announced the final offering price for its NF GDS Data Center Infrastructure Real Estate Investment Trust (C-REIT) IPO on the Shanghai Stock Exchange at RMB3.00 per unit. The IPO was 166 times oversubscribed, and the C-REIT will issue 800 million units, raising RMB2,400 million in gross proceeds. GDS will sell a 100% equity interest in a project company holding data center assets to the C-REIT, receiving net cash proceeds of approximately RMB2,111 million. GDS will also reinvest RMB480 million to acquire 20% of the C-REIT units and continue managing the data center assets, securing recurring annual fee income.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited announced the results of its annual general meeting held on June 26, 2025, where all proposed resolutions were approved by shareholders. Key resolutions included the re-election of directors, the appointment of KPMG Huazhen LLP as independent auditor for the fiscal year ending December 31, 2025, and authorization for the board to issue new shares up to 30% of the existing share capital over the next 12 months. These decisions are expected to impact the company’s governance and capital structure positively.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited has announced the approval and launch of an initial public offering (IPO) for its NF GDS Data Center Infrastructure Real Estate Investment Trust (C-REIT) on the Shanghai Stock Exchange. The transaction involves GDS selling 100% equity interest in a project company with stabilized data center assets to the C-REIT, which will be funded through the IPO. GDS will subscribe for 20% of the C-REIT units, while the remaining will be taken up by institutional and retail investors. The transaction is expected to close in the coming weeks, subject to market conditions and closing requirements.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited announced the closing of its offering of US$550 million convertible senior notes due in 2032, which included the full exercise of an option to purchase an additional US$50 million in notes. The company plans to use the net proceeds of approximately US$534.9 million for working capital and refinancing existing debt. The notes, which bear an interest rate of 2.25% per year, are convertible into American depositary shares and have specific redemption conditions, reflecting GDS Holdings’ strategic financial maneuvers to strengthen its capital structure.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited announced an overseas regulatory announcement regarding its offering of American Depositary Shares (ADSs). The company is conducting a delta placement of 6,000,000 borrowed ADSs and a concurrent primary offering of 5,200,000 ADSs. This move is part of their strategy to raise capital and strengthen their market position, potentially impacting stakeholders by altering the shareholding structure and increasing the company’s financial resources.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited announced an overseas regulatory update related to a current report on Form 6-K, which includes underwriting agreements for the delta placement of borrowed ADSs and the primary ADSs offering. This announcement highlights the company’s strategic financial maneuvers to strengthen its market position and possibly expand its operational capabilities. The update may have significant implications for stakeholders, particularly concerning the influence of weighted voting rights on shareholder resolutions.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited announced a delta placement of 6,000,000 American Depositary Shares (ADSs) as part of a borrowing agreement with J.P. Morgan Securities plc. This move is intended to facilitate derivative transactions for investors in the company’s convertible senior notes, allowing them to hedge market risks. The company will not receive proceeds from the sale of these ADSs, but it will earn a nominal lending fee. This strategic financial maneuver is expected to support the company’s market positioning by providing flexibility for investors, although it does not directly impact the company’s earnings per ADS.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited announced a primary offering of 5,200,000 American depositary shares (ADSs), each representing eight Class A ordinary shares, with the proceeds going to the company. Concurrently, they are offering 6,000,000 ADSs through a Delta Placement of Borrowed ADSs, facilitated by J.P. Morgan Securities. This move is part of a broader strategy involving convertible senior notes to hedge market risks for investors. The completion of these offerings is interdependent, with implications for the company’s financial strategy and market positioning.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$14.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited announced its unaudited financial results for the first quarter ending March 31, 2025. The results are available on the Hong Kong Stock Exchange website and the company’s website. This announcement may impact stakeholders due to the company’s weighted voting rights structure, which allows significant influence over shareholder resolutions by the WVR beneficiary.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$12.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited has announced the record date for determining the eligibility of shareholders to attend and vote at its upcoming annual general meeting. The record date is set for June 4, 2025, and shareholders must ensure their documents are lodged with the company’s Hong Kong branch by this date. Holders of American depositary shares can instruct JP Morgan Chase Bank on how to vote their shares, but they must do so before the record date due to time zone differences. This announcement is significant for stakeholders as it outlines the procedural requirements for participating in the company’s governance.
The most recent analyst rating on (HK:9698) stock is a Buy with a HK$12.00 price target. To see the full list of analyst forecasts on GDS Holdings Ltd. stock, see the HK:9698 Stock Forecast page.
GDS Holdings Limited announced that its board of directors will meet on May 20, 2025, to approve the unaudited financial results for the first quarter ended March 31, 2025. The results will be announced after Hong Kong market hours and before the U.S. market opens on the same day. An earnings teleconference call will be held at 8:00 PM Hong Kong time, where management will discuss the results. This announcement is significant for stakeholders as it provides insights into the company’s financial performance and future outlook.
GDS Holdings Limited announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2024, with the U.S. Securities and Exchange Commission. This regulatory announcement is in compliance with the Hong Kong Listing Rules and reflects the company’s commitment to transparency and regulatory adherence. The filing is significant for stakeholders as it provides detailed insights into the company’s financial performance and operational strategies, potentially impacting investor confidence and market positioning.