AllAnalyst Report
logoMorningstarMarch 27, 2024

GDS Holdings Limited: GDS Earnings: Capital Raising for the International Business and Strong Guidance

Symbols
GDS
Sector(s)
Technology
Rating
Current Price
$7.76
Fair Value
Economic Moat
Stewardship
Summary

GDS Holdings started as an IT service provider in 2001 then moved to the data center business with its first self-developed data center opening in 2010. The company now develops and operates data centers in China and also builds, operates and transfers data centers for other clients. It offers colocation and managed services and mainly targets hyperscale cloud service customers who take large areas of its data centers or even whole data centers under long-term contracts. It has aggressively raised capital over the past four years for expansion. Its data centers are located predom

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Analyst Profile

Dan Baker

Director
Dan Baker is a director of equity research for Morningstar Investment Management Asia Limited, a wholly owned subsidiary of Morningstar, Inc. He covers Asian telecommunications and technology companies. He is also team leader for the equity research teams in Hong Kong and China.Before joining Morningstar in 2014, he had 10 years’ experience as an equity analyst with Merrill Lynch and Mirae Asset Securities and two years in equity sales with RBS. He also worked for eight years in the telecommunications industry as an engineer with Ericsson and a telecom industry consultant with Ovum.Baker holds a bachelor’s degree in electrical engineering from the University of Melbourne, a diploma in applied finance and investment from the Securities Institute of Australia, and a master’s degree in accounting from Curtin University.