On August 18, GDS-SW rose 3.3% in regular trading, trading at 34.88 HKD/share, with turnover of 6.6439 million HKD.
On the news front, Daiwa published a research note on August 17 maintaining its \"Buy\" rating on GDS-SW with a target price of 47 HKD, while raising its EBITDA forecasts for 2026-2027 by 11% to 49%. The broker highlighted that management has doubled its full-year sales target from 500MW to 1GW. First-half new contract signings reached a record 471MW, already surpassing the full-year 317MW achieved in 2025.
The upgrade follows strong Q2 results released on August 13, in which the company reported net profit of 838 million yuan, swinging from a net loss of 70.6 million yuan a year earlier. Revenue rose 6.5% year-over-year to 3.088 billion yuan. Management also raised full-year revenue guidance to 12.7-13.0 billion yuan and adjusted EBITDA guidance to 5.9-6.1 billion yuan, both above prior ranges.
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