Bank of America Raises GDS-SW (09698) Target Price to HK$52.8, Maintains "Buy" Rating

Stock News

Sep 25

Bank of America has issued a research report raising the Hong Kong stock target price for GDS-SW (09698) by 6% from HK$49.7 to HK$52.8, citing improved prospects for China's data center demand and accelerated adoption of domestic AI chips. The US stock target price for GDS Holdings Ltd (GDS.US) was also raised from $50.6 to $53.8, while maintaining a "Buy" investment rating.

The bank noted that Alibaba-W (09988) recently stated at the 2025 Alibaba Cloud Summit that its token consumption doubles every 2 to 3 months, reflecting rising AI workloads. Additionally, Alibaba plans to increase AI and cloud computing investments by over RMB 380 billion over the next three years.

The report also highlighted that domestic chip development is progressing well, supporting growth in data center orders. Based on these factors, Bank of America has raised its adjusted EBITDA forecasts for GDS-SW by 1% to 3% for 2026-2027.

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The US stock target price for GDS Holdings Ltd (GDS.US) was also raised from $50.6 to $53.8, while maintaining a \"Buy\" investment rating.</p>\n<p>The bank noted that Alibaba-W (09988) recently stated at the 2025 Alibaba Cloud Summit that its token consumption doubles every 2 to 3 months, reflecting rising AI workloads. Additionally, Alibaba plans to increase AI and cloud computing investments by over RMB 380 billion over the next three years.</p>\n<p>The report also highlighted that domestic chip development is progressing well, supporting growth in data center orders. Based on these factors, Bank of America has raised its adjusted EBITDA forecasts for GDS-SW by 1% to 3% for 2026-2027.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of America Raises GDS-SW (09698) Target Price to HK$52.8, Maintains \"Buy\" Rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of America Raises GDS-SW (09698) Target Price to HK$52.8, Maintains \"Buy\" Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2025-09-25 15:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bank of America has issued a research report raising the Hong Kong stock target price for GDS-SW (09698) by 6% from HK$49.7 to HK$52.8, citing improved prospects for China's data center demand and accelerated adoption of domestic AI chips. The US stock target price for GDS Holdings Ltd (GDS.US) was also raised from $50.6 to $53.8, while maintaining a \"Buy\" investment rating.</p>\n<p>The bank noted that Alibaba-W (09988) recently stated at the 2025 Alibaba Cloud Summit that its token consumption doubles every 2 to 3 months, reflecting rising AI workloads. Additionally, Alibaba plans to increase AI and cloud computing investments by over RMB 380 billion over the next three years.</p>\n<p>The report also highlighted that domestic chip development is progressing well, supporting growth in data center orders. Based on these factors, Bank of America has raised its adjusted EBITDA forecasts for GDS-SW by 1% to 3% for 2026-2027.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2152927971.USD","symbol_name":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","start_time":0,"source_url":"","article_id":"1152091393","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152091393","pubTimestamp":1758786749,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Bank of America has issued a research report raising the Hong Kong stock target price for GDS-SW (09698) by 6% from HK$49.7 to HK$52.8, citing improved prospects for China's data center demand and...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"89988":"阿里巴巴-WR","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0708995153.HKD":"TEMPLETON EMERGING MARKETS \"A\" (HKD) ACC","BK1591":"就地过年概念","LU0417516571.SGD":"Allianz Oriental Income Cl AT Acc SGD","LU0516422952.EUR":"FULLERTON LUX FUNDS - 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The US stock target price for GDS Holdings Ltd (GDS.US) was also raised from $50.6 to $53.8, while maintaining a \"Buy\" investment rating.\nThe bank noted that Alibaba-W (09988) recently stated at the 2025 Alibaba Cloud Summit that its token consumption doubles every 2 to 3 months, reflecting rising AI workloads. Additionally, Alibaba plans to increase AI and cloud computing investments by over RMB 380 billion over the next three years.\nThe report also highlighted that domestic chip development is progressing well, supporting growth in data center orders. Based on these factors, Bank of America has raised its adjusted EBITDA forecasts for GDS-SW by 1% to 3% for 2026-2027.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}