Gds Holdings Limited Stock Price, News & Analysis

GDS Holdings Limited (NASDAQ: GDS) reported strong financial results for Q4 and FY 2020, with net revenue rising 38.4% YoY to RMB1,631.6 million (US$250.1 million) in Q4 and 39.2% YoY to RMB5,739.0 million (US$879.5 million) for the full year. Adjusted EBITDA also grew significantly, up 43.4% YoY to RMB758.0 million (US$116.2 million) in Q4. However, net losses increased to RMB271.5 million (US$41.6 million) in Q4 and RMB669.2 million (US$102.6 million) for the year. The commitment rate for service area rose to 94.3%. GDS is poised for growth with ongoing expansions and a strong cash position of RMB16.3 billion (US$2.5 billion).

GDS Holdings Limited (NASDAQ: GDS) announces it will release its fourth quarter and full year 2020 unaudited financial results on March 10, 2021, after U.S. market close. An earnings conference call will follow at 7:00 PM U.S. Eastern Time on the same day. Investors can access the call via a designated phone number, with replay availability until March 18, 2021. GDS is a leading data center operator in China, focusing on high-performance facilities in major economic hubs, serving a broad clientele including cloud service providers and large corporations.

GDS Holdings reported a robust third quarter for 2020, showcasing a 43.0% year-over-year increase in net revenue to RMB1,524.7 million (US$224.6 million). Service revenue also rose by 43.8% year-over-year. However, the company faced a net loss of RMB204.6 million (US$30.1 million), up from RMB108.6 million in Q3 2019. Adjusted EBITDA surged 48.3% to RMB717.1 million (US$105.6 million), maintaining a 47.0% margin. GDS's operational metrics improved, with area committed reaching 357,344 sqm, up 47.4% year-over-year, driven by strong demand for cloud services.

GDS Holdings Limited (NASDAQ: GDS; HKEX: 9698), a leader in high-performance data center services in China, will announce its Q3 2020 unaudited financial results on November 16, 2020, after U.S. market close. An earnings conference call is scheduled for 7:00 PM U.S. Eastern Time on the same day. Participants are encouraged to dial in early and provide the Conference ID 6869567. GDS is known for its extensive, efficient data centers located in key economic areas of China, serving major telecommunications and cloud services.

GDS Holdings Limited (NASDAQ: GDS) has announced the pricing of its Global Offering of 160 million new Class A ordinary shares at HK$80.88 each, approximately US$83.49 per American depositary share (ADS). The offering is projected to generate gross proceeds of about HK$12,940.8 million. The shares will begin trading on the Hong Kong Stock Exchange on November 2, 2020, under stock code ‘9698’. The funds raised will primarily be used for expanding data center operations and developing new technologies. The offering includes an over-allotment option for an additional 24 million shares.

GDS Holdings Limited (NASDAQ: GDS) announced its Hong Kong public offering of 160,000,000 new Class A ordinary shares, with 8,000,000 shares designated for the Hong Kong market. The maximum offer price is set at HK$86.00 per share. The offering aims to raise funds for expanding its data center operations and technology innovations. The company is adopting a fully electronic application process to minimize environmental impact. The offering period commences on October 21, 2020, and closes on October 27, 2020. J.P. Morgan and other firms are joint sponsors of this initiative.

GDS Holdings has extended an offer to acquire 100% of the equity interests in companies owning a significant data center in Beijing's Shunyi district, known as BJ14. The total enterprise value of the acquisition is approximately RMB3.8 billion, plus an additional RMB500 million contingent on property acquisition. BJ14, one of the largest data centers in Beijing, is fully operational and 68% utilized, with expectations to reach full utilization by 2022. The transaction is subject to definitive agreements and conditions precedent.

On September 10, 2020, GDS Holdings (NASDAQ: GDS) announced a Memorandum of Understanding (MoU) with Sembcorp Industries to collaborate on renewable energy initiatives in China. This partnership aims to develop renewable energy solutions for GDS’s data centers and explore synergies with Sembcorp’s resources in water management and power generation. GDS is already utilizing green power at its Chengdu and Zhangbei facilities and emphasizes its commitment to environmental sustainability and China's energy reforms.

GDS Holdings Limited (GDS), a leading data center operator in China, reported a net revenue of RMB1,342.2 million (US$190.0 million) for Q2 2020, marking a 36.2% year-over-year increase. The company experienced a net loss of RMB101.0 million (US$14.3 million), slightly worsened from RMB93.2 million in Q2 2019. Adjusted EBITDA surged 47.8% year-over-year to RMB633.4 million (US$89.7 million), with an adjusted EBITDA margin of 47.2%. Notably, GDS increased its committed area by 46,471 sqm, driven by new strategic customer contracts and ongoing data center expansions.