GDS Holdings Ltd Class A

09698: XHKG (HKG)
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GDS Earnings: Increase in 2024 Capex Due to Data Center Market Confidence and Capital Raise

GDS reported its third-quarter results and raised its 2024 capital expenditure guidance to CNY 11 billion from CNY 6.5 billion, which we believe indicates the company's increased confidence in the data center market.

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