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09698 GDS-SW
RTNominal up6.370 +0.710 (+12.544%)
Research Report

21/05/2021 17:15

{I-bank focus}Daiwa cuts GDS Holdings (09698) to HK$87

[ET Net News Agency, 21 May 2021] Daiwa Research cut its target price for GDS Holdings
(09698) to HK$87 from HK$97 and reaffirmed its "outperform" rating.
GDS released its 1Q results on 20 May. The research house sees the enlarged pipeline
over 2021-22 further enhancing its long-term revenue visibility. Despite investors'
concern over the near-term price pressure, Daiwa believes GDS has a stronger-than-peer
capability to avoid a large-scale price cut in renewal contracts.
Daiwa also sees any unexpected M&A deals to serve as catalysts to drive its share price,
and suggested that investors accumulate the stock after a 20% correction since early
March. (KL)

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