This year’s Asia’s Power Businesswomen list highlights 20 accomplished leaders who are at the forefront of the region’s fast-evolving business and economic landscape.The roll call of trailblazers, hailing from a dozen countries and territories, includes those playing key roles in powering the AI and advanced tech boom by heading up companies in sectors such as data centers, semiconductors and rare earths. Others are remaking family legacies, taking charge at storied enterprises in property, hospitality, ret ...

Summary of GDS Holdings Conference Call Company Overview - **Company**: GDS Holdings (GDS) - **Industry**: Data Center Services Key Themes and Insights 1. **Growth Outlook**: GDS management expressed a constructive growth outlook, emphasizing dual-engine growth in both China and overseas markets [1][8] 2. **Time-to-Market**: The company highlighted the increasing importance of time-to-market, aiming for delivery timelines of 6-9 months through standardized modules [1][11] 3. **Infrastructure Compatibility**: GDS is enhancing compatibility with domestic chips, particularly with NVIDIA-based systems, to improve integration for clients [1][11] 4. **Capital Recycling**: The emergence of Real Estate Investment Trusts (REITs) is seen as a new method for funding capital expenditure expansion [1][11] Industry Trends 1. **AI-Driven Demand**: The data center industry is experiencing a historic expansion driven by AI demand, with global tech giants accelerating construction [8][11] 2. **Technological Innovations**: Key innovations include advancements in cooling systems, delivery methods, and data center architecture to meet AI requirements [8][11] 3. **Ecosystem Building**: GDS plans to form strategic partnerships across various sectors to deliver comprehensive solutions for the AI era [11][12] 4. **Sustainability Goals**: GDS aims for operational carbon neutrality with 100% renewable power by 2030, currently achieving a renewable power ratio of 44% [11][12] Operational Strategies 1. **Design and Delivery**: GDS is focusing on larger deployments with specifications that support AI demands, including higher power density and cooling capabilities [11][12] 2. **Shift in Priorities**: The company has shifted its priorities for AI data centers from reliability to time-to-market, with a focus on maximizing GPU performance [12][15] 3. **Challenges**: Labor shortages and rapidly changing infrastructure requirements pose challenges to meeting time-to-market goals [12][15] Financial Outlook 1. **Price Target**: GDS has a 12-month target price of US$42/HK$41, indicating potential upside from current prices [3][16] 2. **Revenue Growth**: The focus on backlog delivery is expected to enhance revenue growth visibility and improve EBITDA and free cash flow [13][14] 3. **Risks**: Key risks include below-expected demand, slower overseas revenue ramp-up, and potential customer churn [14][16] Conclusion GDS Holdings is positioned to capitalize on the growing demand for data centers driven by AI, with a strong focus on operational excellence, technological innovation, and sustainability. The company’s strategic initiatives and market positioning suggest a positive outlook for growth in both domestic and international markets.

PRESS RELEASE Paris, 29th October 2025 AVAILABILITY OF THE UNIVERSAL REGISTRATION DOCUMENT 2025 Ramsay Générale de Santé's 2025 Universal Registration Document was filed with the Autorité des marchés financiers (AMF) in ESEF format (European Single Electronic Format) on Wednesday 29 October 2025, under number D.25-0689. It is available to the public under the conditions provided for by the regulations in force; can be consulted on the Ramsay Santé website: www.ramsaysante.fr. and will soon be available in ...

Core Insights - Ramsay Santé reported a revenue increase of 4.7% to €5.2 billion for the year ending June 30, 2025, driven by activity volume growth and acquisitions, despite a decrease in public funding [5][20][21] - Group EBITDA rose by 1.7% to €621 million, reflecting effective cost control measures and operational efficiency, despite challenges from reduced French grants and inflation [5][8][24] - The company continues to expand its healthcare services across Europe, reaching 13 million patients, with a focus on underserved areas in France [5][35][36] Financial Performance - Revenue increased from €5,006.5 million to €5,242.0 million, marking a 4.7% growth [10] - EBITDA grew from €610.9 million to €621.4 million, a 1.7% increase, with a margin of 11.9% [10][11] - The net loss attributable to owners of the company was stable at €54.1 million compared to €53.9 million the previous year [10][29] Operational Highlights - Ramsay Santé's French revenue grew by 5.9%, supported by the acquisition of 12 primary care centers and the opening of new mental health facilities [21][22] - The company achieved a record Net Promoter Score of 74% in France, indicating strong patient satisfaction [5] - Significant expansion in outpatient activities, including new primary care centers and mental health facilities, was noted [5][14] Strategic Developments - The company secured a long-term contract worth approximately €4.8 billion for St. Göran's Hospital in Stockholm, enhancing its operational footprint in Sweden [14] - Ramsay Santé successfully refinanced its senior debt facilities, extending maturities and optimizing pricing, which supports its strategic plan "Yes We Care 2025" [18][34] - The company continues to advocate for fair public funding to address industry-wide cost pressures and maintain quality care [8][9] Market Position - Ramsay Santé operates in five countries, with a strong presence in underserved areas, particularly in France where 60% of facilities are located in such regions [5][35] - The company is recognized for its commitment to improving healthcare access and quality, with ongoing investments in medical innovation and digital health solutions [36][37]

Core Viewpoint - The Nasdaq China Golden Dragon Index experienced a significant drop of over 3%, marking the largest decline since August 27 [1] Company Performance - Kingsoft Cloud fell by 9% [1] - GDS Holdings, Daqo New Energy, and NIO all dropped by over 7% [1] - Upstart, JinkoSolar, Xiaopeng Motors, Zhihu, and WeRide saw declines of over 6% [1] - Bilibili, Alibaba, Baidu, and JD.com each fell by over 5% [1]

Core Viewpoint - GDS Holdings (NASDAQ: GDS) is believed to have significant long-term growth opportunities that the market is currently underestimating, despite short-term sentiment being clouded [1]. Group 1: Company Analysis - The company is positioned for substantial growth, with a focus on both scale and visibility in its long-term prospects [1]. - The investment approach taken by the analyst includes fundamental, technical, and momentum investing, indicating a comprehensive strategy to evaluate GDS Holdings [1]. Group 2: Market Sentiment - Short-term market sentiment is currently negative, which may not reflect the company's true growth potential [1].

Core Viewpoint - GDS Holdings (NASDAQ: GDS) is believed to have significant long-term growth opportunities that the market is currently underestimating, despite short-term sentiment being clouded [1]. Group 1: Company Analysis - The company is positioned for substantial growth, with a focus on both scale and visibility in its long-term prospects [1]. - The investment approach taken by the author includes fundamental, technical, and momentum investing, indicating a comprehensive analysis of GDS Holdings [1]. Group 2: Market Sentiment - Short-term market sentiment is currently negative, which may not reflect the company's true growth potential [1].

Core Viewpoint - Goldman Sachs released its October Asia-Pacific strategy report, highlighting a list of recommended stocks based on the "earnings revision leading indicator" criterion, focusing on Hong Kong and Chinese concept stocks [1] Group 1: Recommended Stocks - Tencent (00700.HK) is included in the list of recommended stocks [1] - Alibaba-W (09988.HK) is also featured as a buy recommendation [1] - Xiaomi-W (01810.HK) is highlighted as a potential investment opportunity [1] - AIA Group (01299.HK) is part of the recommended stocks [1] - Pinduoduo (PDD.US) is listed among the buy stocks [1] - Hong Kong Exchanges and Clearing (00388.HK) is included in the recommendations [1] - Ping An Insurance (02318.HK) is mentioned as a buy [1] - Kuaishou-W (01024.HK) is part of the recommended list [1] - Techtronic Industries (00669.HK) is highlighted as a potential investment [1] - China Pacific Insurance (02328.HK) is included in the buy recommendations [1] - Lenovo Group (00992.HK) is featured in the list [1] - ZTO Express-W (02057.HK) is also recommended [1] - Hua Hong Semiconductor (01347.HK) is part of the buy list [1] - Kingdee International (00268.HK) is included in the recommendations [1] - GDS Holdings Limited-SW (09698.HK) is highlighted as a potential investment [1] - AAC Technologies (02018.HK) is part of the recommended stocks [1] - BYD Electronic (00285.HK) is included in the buy recommendations [1] - China International Capital Corporation (03908.HK) is featured in the list [1] - Weichai Power (02338.HK) is mentioned as a buy [1] - CRRC Corporation (01766.HK) is included in the recommendations [1] - JD Logistics (02618.HK) is part of the recommended stocks [1] - Swire Pacific A (00019.HK) is highlighted as a potential investment [1] - Miniso Group (09896.HK) is included in the buy recommendations [1] - Times Electric (03898.HK) is part of the recommended list [1] - Haitian International (01882.HK) is also featured in the recommendations [1]

Core Viewpoint - Goldman Sachs released its October Asia-Pacific strategy report, highlighting a list of recommended stocks based on the "Earnings Revisions Leading Indicator" criteria, focusing on Hong Kong and Chinese concept stocks [1] Group 1: Recommended Stocks - The report includes a list of stocks recommended for purchase, which are: - Tencent (00700.HK) - Alibaba-W (09988.HK) - Xiaomi-W (01810.HK) - AIA (01299.HK) - Pinduoduo (PDD.US) - Hong Kong Exchanges and Clearing (00388.HK) - Ping An Insurance (02318.HK) - Kuaishou-W (01024.HK) - Techtronic Industries (00669.HK) - China Pacific Insurance (02328.HK) - Lenovo Group (00992.HK) - ZTO Express-W (02057.HK) - Hua Hong Semiconductor (01347.HK) - Kingdee International (00268.HK) - GDS Holdings-SW (09698.HK) - AAC Technologies (02018.HK) - BYD Electronic (00285.HK) - China International Capital Corporation (03908.HK) - Weichai Power (02338.HK) - CRRC Corporation (01766.HK) - JD Logistics (02618.HK) - Swire Pacific A (00019.HK) - Miniso Group (09896.HK) - Times Electric (03898.HK) - Haitian International (01882.HK) [1]

Core Viewpoint - The Hong Kong Hang Seng Index experienced a decline of 0.48%, while the Hang Seng Tech Index fell by 0.55% [1] Group 1: Market Performance - The gold sector saw significant gains, with Chifeng Jilong Gold Mining rising over 13%, Shandong Gold increasing by over 7%, Laopu Gold up by over 5%, and Lingbao Gold rising by 3% [1] - Conversely, companies such as GDS Holdings fell by over 5%, and Lens Technology dropped by over 4% [1]