On June 5, GDS Holdings-SW rose 3.09% in regular trading, trading at HK$34.98/share, with trading volume of HK$59.78 million. The stock continues its recovery momentum following a prior pullback triggered by profit quality concerns.

On the news front, GDS recently signed a strategic cooperation agreement with the Ulanqab municipal government to invest over 30 billion yuan over five years to build multiple high-density data center parks and a GW-level data center cluster, achieving over 80% green power coverage through direct green energy connections. This marks a significant milestone in the company's AI infrastructure expansion strategy.

The agreement complements GDS's broader capital deployment plan of 30 to 50 billion yuan over three years to meet surging AI computing demand. The company recorded 346MW in new signed orders for IT power in Q1, exceeding the prior full fiscal year's total, with net new signings of 200MW setting a single-quarter record. Multiple major banks maintain bullish ratings, with Goldman Sachs, Macquarie, and CITIC Securities setting target prices of HK$50-54.6, implying approximately 50-60% upside from current levels.

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