Added to YB: 2024-05-20
Pitch date: 2024-05-19
9698.HK [bullish]
GDS Holdings Limited
+281.28%
current return
Author Info
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Company Info
GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China.
Market Cap
$42.2B
Pitch Price
$9.51
Price Target
13.99 (-61%)
Dividend
N/A
EV/EBITDA
15.03
P/E
141.15
EV/Sales
7.14
Sector
IT Services
Category
value
GDS Holdings (GDS.O; 9698.HK) – Leading operator of data centers in China and Southeast Asia
9698.HK: GDS data centers in China & SE Asia. China biz at 7.5x FY25e EBITDA vs 24x for intl unit post pvt raise. Upside to $14 on higher utilization, FCF generation & deleveraging to 5x by FY26. Macro tailwinds (AI, geopolitics, fin mkts) aid re-rating. PT implies 10x FY24e EBITDA, 50% upside.
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