GDS Holdings: Stay Buy Rated As Underlying Orders Continue To Grow
GDS Holdings continues to be rated as a buy due to its improving bookings and backlog. The company has reported significant growth in its land bank and unit costs, despite some fluctuations in headline numbers. This positions GDS as a key player in China's ongoing AI infrastructure development.
- ▪GDS Holdings has seen bookings and reservations exceed 1GW year-to-date.
- ▪The company is benefiting from China's multi-year AI infrastructure cycle.
- ▪Improvements in backlog and land bank have contributed to GDS's strong performance.
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