Chinese data centre developer GDS jumps most in five months on higher annual outlook

GDS Holdings

14/08/2026 07:52

Updates share prices, adds U.S. shares performance, more earnings details
** Shares of GDS Holdings 9698.HK jump more than 11% to HK$34.54, their biggest intraday pct rise since March 18
** Stock of Chinese high-performance data centre developer and operator hits its highest level since June 10
** Its Nasdaq-listed shares GDS.O closed up 6.2% overnight following second-quarter earnings announcement 
** GDS says second-quarter net revenue increased 6.5% y/y to 3.09 billion yuan ($458.23 million); net income 835.2 million yuan, compared with a net loss of 72.3 million yuan; and adjusted EBITDA up 2.5% at 1.41 billion yuan  
** Net profit totalled 3.5 billion yuan ($513.5 million) in the first six months, 400% more than the 690.7 million yuan a year earlier 
** GDS revised up its full-year outlook on revenue growth to 11.1%-13.7% from previous forecast of 8.5%-12.8%, adjusted EBITDA growth to 9.2%-12.9% from 6.4%-11%, and organic capital expenditure by 11% to 10 billion yuan, compared to 4.7 billion yuan spent in 2025.   
** YTD, Hong Kong stock up 2.5%, while U.S.-listed shares down 0.4%, the benchmark Hang Seng Index .HSI down 1.9%
** GDS intends to pursue a dual-primary listing in Hong Kong, potentially initiating the process in 1H27, RBC Capital Markets say in a research note
     
($1 = 6.7433 Chinese yuan)

 (Reporting by Donny Kwok and Clare Jim)
 ((donny.kwok@thomsonreuters.com))