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<Research>M Stanley Keeps Rating at Overweight for GDS Holdings (GDS.US), Holds Positive View on DayOne Expansion
Recommend 5 Positive 9 Negative 2 |
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DayOne, a global data center operator with a 35.6% stake held by GDS Holdings (GDS.US), announced plans to establish Thailand's first 1GW data center campus, Morgan Stanley released a research report saying. The plan includes the expansion of the Chonburi Tech Partk (CTP) 1 and adjacent land, increasing power capacity to 300MW, and the signing of a MOU with Amata Corporation for the CTP 2. DayOne also signed a renewable energy agreement to introduce solar power. Morgan Stanley held a positive view on DayOne's expansion plans, expecting related contracts to provide additional momentum. Recent developments indicate promising growth potential for DayOne. Therefore, the broker kept rating at Overweight on GDS Holdings, with a target price of US$54. AASTOCKS Financial News Website: www.aastocks.com |
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