金吾财讯 | 高盛的报告指出，市场普遍预测在2025年第二季度会出现数据中心供应紧张的局面，不过中国数据中心对AI的需求相对平静，万国数据(GDS)及世纪互联(VNET)仍实现超预期的收入和EBITDA，受惠稳健客户入驻速度和具韧性定价，反映两家公司在接受高质量订单和交付新产能方面的纪律性。
两者与光环新网(300383.SZ)季度疲软业绩形成对比，反映能够抓住AI/云需求增长的数据中心营运商，与更多敞口于传统零售需求营运商之间的持续分化，后者的需求仍然温和。
高盛重申万国数据及世纪互联的“买入”评级，万国数据H股目标价由39港元升至41港元，万国数据ADR目标价由40美元升至42美元；对世纪互联ADR目标价由12美元升至13美元。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.