HK shares of data center operator GDS slump on wider Q1 net loss

GDS Holdings

20/05/2021 06:15

** Hong Kong-listed shares of Chinese high-performance data
centers co GDS Holdings Ltd  9698.HK  fall as much as 8.2% to
HK$70.20
    ** Stock on course for worst day since Nov 10, set to snap
two straight sessions of gains 
    ** GDS  GDS.O  says Q1 net loss widened to 278.7 mln yuan 
($43.29 mln) vs 92 mln yuan loss last year, partly due to higher
cost of revenue as power consumption increased  urn:newsml:reuters.com:*:nASA027MD
    ** Shanghai-based firm says Q1 net revenue increased 37.5%
to 1.706 bln yuan vs Refinitiv IBES estimate of 1.72 bln yuan  
    ** The Hang Seng subindex tracking information technology
firms  .HSCIIT  rises 1.1%, while the Hong Kong composite
Industry Index tracking telecommunication stocks  .HSCIT  falls
1.1%
    ** The Hang Seng China enterprises index  .HSCE  slides
0.4%, and the benchmark index  .HSI  slips 0.7%
    ** As of last close, the stock had fallen 15.3% this year


($1 = 6.4382 Chinese yuan renminbi)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)