Glonghui June 4 | GDS.US (GDS.US) rose 3.59% to $8.37 in the premarket. According to a recent research report by CICC, GDS's revenue for the first quarter increased by 9.1% year-on-year, and adjusted EBITDA increased by 4.7% year-on-year, which is basically in line with market expectations. CICC believes that the Group's overseas demand is strong, and the annual capital expenditure plan is 4 billion yuan. The capital expenditure is skewed to suit the company's different domestic and overseas strategies; at the same time, overseas financing provides sufficient financial support for the independent operation of international business. From a performance perspective, overseas business is expected to maintain strong growth this year as the pace of delivery progresses. The bank maintained a “outperforming industry” rating. Considering that faster domestic and foreign payments and rapid overseas expansion are expected to boost valuations, it raised the target price of US stocks by 11% to $10.
美股异动丨万国数据盘前涨超3% 中金上调其目标价至10美元
U.S. stock market abnormality: GDS Holdings pre-market rose more than 3%, CICC raised its target price to $10.
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