Gds Holdings Limited Stock Price, News & Analysis

GDS Holdings has announced a definitive agreement to acquire greenfield land in Nongsa Digital Park, Batam, Indonesia, for the construction of two new data center buildings, totaling approximately 10,000 sqm and 28 MW capacity. The Indonesian Government recognizes the park as a Special Economic Zone, which supports GDS’s regional strategy amidst growing demand from Chinese cloud customers. Collaborations with local authorities ensure a supply of renewable energy, positioning Indonesia as a digital hub in Southeast Asia. This move enhances GDS’s presence in the region, complementing its existing operations in Malaysia.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) will announce its third quarter 2021 unaudited financial results on November 16, 2021. The results will be reported after the close of the Hong Kong market and before the U.S. market opens. Following the announcement, the management will host an earnings conference call at 8:00 AM U.S. Eastern Standard Time. Participants should dial in 15 minutes early and provide the Conference ID 4695856. A replay will be available until November 24, 2021. GDS operates high-performance data centers in China, catering to major cloud service providers and enterprises.

GDS Holdings Limited (NASDAQ: GDS) reported Q2 2021 revenues of RMB1,863.9 million (US$288.7 million), a 38.9% increase YoY. Service revenue rose by 39.6% YoY, with a net loss of RMB298.5 million (US$46.2 million). Adjusted EBITDA grew by 41.4% YoY to RMB895.9 million (US$138.8 million), with a margin of 48.1%. Total area committed increased to 470,125 sqm, reflecting a 41.0% YoY rise. The company completed acquisitions to expand its data center capacity and confirmed 2021 revenue guidance of RMB7,700 - RMB8,000 million.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698), a top-tier data center operator in China, is set to release its second quarter 2021 unaudited financial results on August 17, 2021, following the Hong Kong market closure and before the U.S. market opens. The management will conduct an earnings conference call at 8:00 AM EDT on the same day. The conference will be accessible via various dial-in numbers and a live webcast on the company's investor relations website.

GDS Holdings Limited, a leading developer of data centers in China, announced plans to expand into South East Asia by developing a hyperscale data center campus in Johor, Malaysia. The acquisition of greenfield land in Nusajaya Tech Park will support a total capacity of 54 MW, with the first phase set to be completed by early 2024, providing 18 MW of IT power. This strategic location aims to cater to the rising demand from Chinese customers looking to grow in Malaysia and Singapore.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) held its Annual General Meeting on June 29, 2021, where all proposed resolutions were approved. Key approvals included the re-election of directors Mr. Lim Ah Doo, Mr. Chang Sun, and Ms. Judy Qing Ye, alongside the appointment of KPMG Huazhen LLP as the independent auditor for fiscal 2021. Shareholders authorized the Board to allot shares up to 20% of the existing share capital within the next 12 months. Additionally, a special resolution adopted new Articles of Association reflecting these changes.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698) announced its 2021 Annual General Meeting (AGM) to be held on June 29, 2021, at 4:00 p.m. China Standard Time in Shanghai. Shareholders, including holders of ordinary shares and Series A convertible preferred shares, are entitled to vote, with notice sent to those registered by June 4, 2021. Beneficial owners of American Depositary Shares must instruct JPMorgan Chase Bank on voting. Relevant documents, including the AGM notice and annual report, are available on the company's investor relations website and SEC's site.

GDS Holdings reported a strong Q1 2021, with net revenue increasing by 37.5% year-over-year to RMB1,706 million (US$260.4 million). Service revenue also rose by 38.3% to RMB1,704.5 million (US$260.2 million). Despite a net loss of RMB278.7 million (US$42.5 million), adjusted EBITDA surged 43.0% to RMB817.9 million (US$124.8 million), with an adjusted EBITDA margin of 47.9%. As of March 31, 2021, total area committed reached 425,277 sqm, up 48.2% Y-o-Y.

GDS Holdings Limited (NASDAQ: GDS) will report its first quarter 2021 unaudited financial results on May 19, 2021, after U.S. market close, and before Hong Kong market opening on May 20, 2021. An earnings conference call is scheduled for May 19 at 8:00 PM U.S. Eastern Time, with dial-in details provided for participants. The company specializes in high-performance data centers in China and serves a variety of sectors, including cloud service providers and large corporations. Live and archived webcasts will be available on the company's investor relations website.