LOS ANGELES, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Rosen Law Firm, P.A. announces that the United States District Court for the Central District of California has approved the following announcement of a proposed class action settlement that would benefit purchasers of GDS Holdings Limited publicly-traded American Depositary Shares (NASDAQ: GDS): UNITED STATES DISTRICT COURTCENTRAL DISTRICT OF CALIFORNIA    LARRY BERGMANN, Individually and on behalf of all others similarly situated,        Plaintiff,        ...

SINGAPORE, Oct. 29, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited (the “Company” or “GDSH”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China and South East Asia, today announced that its international affiliate, DigitalLand Holdings Limited (“GDS International” or “GDSI”), which acts as the holding company for GDSH’s data center assets and operations outside of mainland China, has entered into definitive agreements for certain institutional private equity ...

Chinese stocks are capturing attention today as investors react to recent stimulus measures by the Chinese government alongside a strong U.S. jobs report. Interestingly, despite positive analyst upgrades, PDD Holdings (PDD, Financial) experienced a dip of 1.96% in its stock price, currently trading at $151.24. Meanwhile, Li Auto (LI) and GDS Holdings (GDS) enjoyed gains, rising by 2% and 1.5%, respectively.The Hang Seng index's impressive 34% rally over the past month underscores the impact of government in ...

Analysts are now conflicted on Chinese stocks after an epic run over the past few weeks.Chinese stocks are once again in the limelight today, as analysts debate how much farther the rally could run and as treasuries bounced after a blowout jobs report on Friday. Shares of the electric-car maker Li Auto (LI 2.82%) and data center operator GDS Holdings (GDS 0.95%) traded 2% and 1.5% higher, respectively. Meanwhile, the e-commerce company PDD Holdings (PDD -2.17%) had fallen nearly 2%, despite an analyst upgra ...

SHANGHAI, China, Aug. 27, 2024 (GLOBE NEWSWIRE) -- GDS Holdings Limited ("GDS Holdings", "GDS" or the "Company") (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of highperformance data centers in China and South East Asia, today announced the release of its 2023 Environmental, Social and Governance ("ESG") report, detailing the Company's ongoing sustainability efforts and its ESG performance. In a significant development, GDS is delighted to announce that, through implementing a diverse strategy ...

The company notched a double beat with its latest set of quarterly figures.GDS Holdings (GDS 17.14%) notched a convincing pair of beats in its latest quarterly-earnings report, and investors were all too happy to reward the company for this feat. They bid the price of its American depositary shares (ADSs) up sharply after news of the results made headlines on Wednesday, to the point where they closed the day more than 17% higher in price. That compared very well to the 0.4% uptick of the S&P 500 index on Hu ...

GDS Holdings (NASDAQ:GDS) just reported results for the second quarter of 2024.GDS Holdings reported earnings per share of -18 cents. This was above the analyst estimate for EPS of -26 cents.The company reported revenue of $388.92 million.This was 0.12% worse than the analyst estimate for revenue of $389.37 million.InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per sh ...

Financial Data and Key Metrics - Revenue growth of 18% and adjusted EBITDA growth of 15% in Q2 2024, reflecting stabilization in China business and successful execution of international strategy [6] - China segment (GDSH) revenue increased by 8.9% and adjusted EBITDA by 4.3% YoY in Q2 2024, driven by a 10.2% increase in total area utilized [13] - International segment (GDSI) revenue increased by 24% and adjusted EBITDA by 80% QoQ in Q2 2024, with a 28 MW increase in IT power utilized [14] - China CapEx totaled RMB 1.8 billion in H1 2024, with full-year guidance maintained at RMB 2.5 billion [15] - International CapEx was RMB 1.8 billion in H1 2024, expected to exceed full-year guidance of RMB 4 billion due to strong demand [15] - GDSH cash balance increased to RMB 8.4 billion at the end of Q2 2024, with net debt to adjusted EBITDA multiple decreasing to 7.2x [17] - GDSI cash balance was RMB 3.1 billion at the end of Q2 2024, pro forma for Series A proceeds [18] Business Line Performance - China business achieved a gross move-in rate of over 20,000 square meters in Q2 2024, the highest in three years, driven by contracts with faster move-in schedules [8] - 45,000 square meters of new capacity brought into service in H1 2024, with over 20% utilization as of June 30 [9] - International business secured 206 MW of new orders in Q2 2024, with a master sales agreement signed for Batam campus [10] - Total customer commitments for International business reached 388 MW, with 101 MW utilized and 287 MW in backlog [11] Market Performance - Singapore-Johor-Batam region emerging as one of the largest data center markets globally, with strong demand driven by regional expansion and AI-related spillover from the US [10] - Secured power capacity in Southeast Asia increased from 711 MW to 797 MW, with additional land purchases in Johor [39] Strategy and Industry Competition - Focus on stabilizing China business by growing EBITDA and generating positive cash flow before financing, while being selective in new business to minimize incremental CapEx [7] - First-mover advantage in Johor, with a strong market position and ability to deliver data centers quickly using state-of-the-art technology [11] - Plans to establish a REIT in China for data center assets, with strong policy support and regulatory approval process underway [17] - Series B equity raising planned for International business, with strong investor interest and potential for mezzanine debt financing [18][33] Management Commentary on Operating Environment and Outlook - 70% of new demand in China driven by AI-related requirements, with the remaining 30% from internet companies and traditional cloud business [27] - Expect continued strong move-in rates in China through 2025, supported by customer AI plans and backlog utilization [46] - International business expected to see a 3.5x increase in revenue-generating capacity over the next 24 months, with significant ramp-up in 2025 [37] Other Important Information - REIT plan in China aims to list on a stock exchange, with an expected offering size of RMB 2 billion and potential debt reduction of RMB 1 billion [52] - Development yield for International business remains consistent in the low-teens, with high-quality customer contracts and long-term commitments [55] Q&A Session Summary Question: REIT Plan in China - REIT will be publicly listed, with an expected offering size of RMB 2 billion and potential debt reduction of RMB 1 billion [52] - Regulatory approvals are underway, with a milestone expected next year [22] Question: AI-Driven Demand in China - 70% of new demand in China is driven by AI-related requirements, with the remaining 30% from internet companies and traditional cloud business [27] Question: International Business Financing - Series B equity raising planned for International business, with potential for mezzanine debt financing [33] Question: International Business Growth - Expect a 3.5x increase in revenue-generating capacity over the next 24 months, with significant ramp-up in 2025 [37] Question: Power Capacity in Southeast Asia - Secured power capacity increased to 797 MW, with additional land purchases in Johor [39] Question: Customer Mix in Southeast Asia - Current customer mix in Southeast Asia is 70% from China and 30% international, with a target of 50-50 in the future [41] Question: Move-in and MSR Trends in China - Move-in rates in China are expected to remain strong through 2025, with MSR trends bottoming out [46][47] Question: Churn and Renewals in China - Churn rate in China has been running at an annualized rate of 5%, with no exceptional churn expected in the near term [58] Question: Singapore Project Timeline - Singapore project expected to launch service before the end of 2026, with land acquisition process underway [59]

GDS Holdings (GDS) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.25. This compares to loss of $0.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 28%. A quarter ago, it was expected that this company would post a loss of $0.33 per share when it actually produced a loss of $0.27, delivering a surprise of 18.18%.Over the last four quarters, the company has surpassed conse ...

Exhibit 99.1 Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. GDS Holdings Limited** (the "Company") is controll ...