美银证券发布研报称,该行参与了万国数据-SW(09698,GDS.US)首季业绩后分析员会议,予其美股目标价由42.5美元升至44美元,H股目标价由41.7港元升至43.2港元,重申“买入”评级。
整体而言,客户迁入节奏自2024年第一季以来保持稳定。预计2025年第二季新增使用面积约2万平方米,而随着大型项目(152MW)交付,2025年第三至第四季迁入节奏可能加快。管理层预计2025年第二季至第四季经调整EBITDA同比实现高单位数增长。另鉴于中国需求改善推动收入稳健增长,且海外产能和订单快速提升。该行预料其2025年下半年计划发行的公募REIT可能成为潜在正面催化剂。
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