On July 20, GDS Holdings rose 3.46% in regular trading, trading at HK$31.74/share, with turnover of HK$9.67 million.

On the news front, the Southern GDS Data Center REIT recently announced plans to initiate an expansion fundraising, acquiring a new data center project in Langfang, Hebei Province to expand its nationwide network layout. CITIC Securities noted in a research report that premium IDC assets listed through REITs platforms by leading operators possess scarcity value and deserve focused attention at the current juncture.

Meanwhile, the Internet Services and Infrastructure sector strengthened broadly on the same day, with Kingsoft Cloud rising 6.91% and Sunevision gaining 3.56%, reflecting a clear sector linkage effect. The company reported a record-high single-quarter net new signings of approximately 200MW in Q1, underscoring robust AI infrastructure demand. Multiple investment banks including Macquarie and Goldman Sachs maintain bullish ratings on the stock, citing strong order backlog that enhances revenue visibility into the coming years.

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