中国数据中心：订单复苏潜力可期；维持 VNET 、GDS股票买入评级-Sector re-rating on potential order recovery; Maintain Buy on VNET, GDS

Accessible version China Data Center Sector re-rating on potential order recovery; Maintain Buy on VNET, GDS Industry Overview Order recovery to trigger sector re-rating China data center stocks outperformed last night HKT (VNET: +11%, GDS: +8%) mainly due to improving data center demand outlook as China internet/cloud companies have started with new round of data center project bidding process recently, in our view. We think this is a good sign for China data center sector after relatively muted demand in ...