On June 8, GDS Holdings (09698.HK) fell 6.83% in regular trading to HKD 32.78 per share, with trading volume of approximately HKD 37.35 million.

On the news front, profit quality concerns from the Q1 earnings report continue to pressure the stock. Of the company's Q1 net profit of RMB 2.652 billion, over 80% was derived from a one-time investment gain of RMB 2.136 billion related to DayOne equity operations. Excluding this non-recurring item, core business revenue growth decelerated to single digits. Meanwhile, management reiterated a massive three-year capex plan of RMB 30-50 billion, compounding investor anxiety over near-term financial strain amid shrinking operating cash flow.

Sector-wide weakness added downward pressure, with Kingsoft Cloud falling 5.37% and Sunevision declining 4.21% on the same session, reflecting broad selling across the Internet Services and Infrastructure sector.

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