万国数据_2025 年第二季度业绩因更好的 MSR 表现超预期；DayOne 的 EBITDA 因稳健的承诺产能增长而超预期；买入-GDS Holdings (GDS)_ First Take_ 2Q25 results beat on better MSR; DayOne's EBITDA beat with robust committed capacity growth; Buy

20 August 2025 | 11:59PM HKT GDS Holdings (GDS): First Take: 2Q25 results beat on better MSR; DayOne's EBITDA beat with robust committed capacity growth; Buy GDS Holdings (GDS/9698.HK) reported 2Q25 results that beat GSe and Visible Alpha Consensus Data on both revenue and adj. EBITDA (+12%/11% yoy, respectively), primarily thanks to the stable yoy MSR trend. While AI demand was relatively quiet in 2Q25 due to chip uncertainties as per management, GDS believes that customers are waiting for new technologies ...