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<Research>Macquarie Axes GDS-SW (09698.HK) TP to HKD54.6; Earnings Outlook Remains Solid
Recommend 6 Positive 4 Negative 6 |
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GDS-SW (09698.HK)'s 1Q results were well above expectations, driven by accelerated hyperscale cloud onboarding and spiking demand for high-performance AIDC resources, Macquarie said in its report. The broker reiterated its Outperform rating, as the strong backlog enhanced revenue visibility for 2027 and beyond. The broker lowered its EPS forecasts for 2026 and 2027 from RMB0.19 and RMB0.23 to RMB0.10 and RMB0.21, respectively. It expected the strong booking momentum to begin translating into earnings from the end of 2027. The H-share TP was axed by 4% to HKD54.6 (previously HKD57.1). Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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