《大行》汇丰研究上调万国数据-SW(09698.HK)目标价至41.7元 具估值重评潜力

阿斯达克财经
Jul 11

汇丰环球研究报告指,万国数据-SW(09698.HK) (GDS.US)  在上交所发行C-REIT获166倍超额认购,定价相当于预测2026年企业价值倍数16.9倍。该行认为,该分拆有利公司去杠杆,把净债务与经调整EBITDA比于年内维持低于6.5倍,且定价高于该股目前14倍的经调整企业价值倍数,反映公司具估值重评潜力。
该行上调对万国数据企业价值倍数目标,由13倍上调至15倍,美股ADR目标价由34.7美元上调至42.8美元,港股目标价由33.8港元上调至41.7港元,维持“买入”评级。该行指,见到市场盈利上调预测的两项潜在催化剂,包括明年及后年录得新大型批发订单,以及美国放宽对英伟达芯片管制或中国加快采用本土GPU。

该行在数据中心股份中依次偏好世纪互联(VNET.US)  ,随后为万国数据,最后为新意网(01686.HK) ,评级均为“买入”。汇丰研究予世纪互联目标价由10.4美元升至11.4美元,予新意网目标价维持10.1港元。(fc/da)(港股报价延迟最少十五分钟。沽空资料截至 2025-07-10 16:25。) (美股为即时串流报价; OTC市场股票除外,资料延迟最少15分钟。)

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