GDS Holdings
About: GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. It has aggressively raised capital over the past four years for expansion. Its data centers are located predominantly in and around the Tier 1 cities in China and it has also started an expanding into Southeast Asia. GDS listed on the Nasdaq in 2016 and completed a secondary listing in Hong Kong in 2020.
Employees: 2,345
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
486% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 7
249% more call options, than puts
Call options by funds: $52.5M | Put options by funds: $15.1M
110% more capital invested
Capital invested by funds: $788M [Q2] → $1.65B (+$864M) [Q3]
40% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 7 (+2) [Q3]
30% more funds holding
Funds holding: 105 [Q2] → 137 (+32) [Q3]
11% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 36
0.25% less ownership
Funds ownership: 5.61% [Q2] → 5.36% (-0.25%) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
RBC Capital Jonathan Atkin 58% 1-year accuracy 11 / 19 met price target | 10%downside $26 | Outperform Reiterated | 5 Dec 2024 |
Financial journalist opinion
