On June 2, GDS Holdings-SW rose 3.07% in regular trading, trading at HK$35.58/share, with trading volume of HK$71.71 million. The stock continued its recovery trajectory after a cumulative decline of over 15% in prior sessions.

On the news front, multiple international banks have recently reiterated their bullish stance on the company. Macquarie reaffirmed its Outperform rating with an H-share target price of HK$54.6; Goldman Sachs maintained its Buy rating with a target of HK$54; and CITIC Securities raised its target price to HK$50. All three targets imply approximately 50%-60% upside from the current share price, significantly bolstering market sentiment.

Fundamentally, the company reported first-quarter new signed orders of 346MW in IT power capacity, surpassing the full prior fiscal year level, while net new signings of 200MW set a single-quarter historical record. These robust order figures, combined with ongoing AI computing infrastructure demand, support the recovery thesis following the earlier selloff triggered by profit quality concerns and a three-year capital expenditure plan of RMB 30-50 billion.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)