Equity Research Report: GDS Holdings
Paid Research

Equity Research Report: GDS Holdings

Paid Research

Equity Research Report: GDS Holdings

Technology Author: Niko Yang Oct 28, 2020 04:16 PM (GMT+8)

ContributorsIvan Platonov

EditorLuke Sheehan


CopyrightEqualOcean Intelligence

$400.00 $500.00


In this report, EqualOcean explains how rocketing demand for data storage services and high capital cost entry barriers will protect GDS' dominant position in China, amid the intensifying market competition.


  • The company is facing sheer industry tailwinds – the countrywide 5G rollout, cloud adoption and broad digitalization processes in China; combined, these factors will result in tremendous demand for data storage.
  • We expect GDS to further improve its cost structure, driving the margins up.
  • China's attempts to develop REIT-related regulations will be beneficial for the entire data center industry.
  • EqualOcean is bullish on most Chinese data center stocks. Here, we initiate coverage of GDS, allocating a market weight rating.


  • 1 Business overview
  • 2 Growth drivers
  • 3 Risks and perils
  • 4 Valuation

In this report

13 charts

dissect the company's fundamentals comprehensively

20 charts

demonstrate GDS's growth momentum

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About the research

EqualOcean Intelligence is the research and consulting division of EqualOcean. It provides market and investment analysis, as well as advisory services for global enterprises and public decision-makers. Widely recognized across a number of industries thanks to its service capacity and research methodology, EqualOcean Intelligence closely tracks cutting-edge technologies, applying unique frameworks and models to solve longstanding and emerging problems.

EqualOcean Intelligence's scope comprises eight major sectors: technology, consumer, healthcare, automotive, industrials, financials, communication and real estate. With over 100 experienced and qualified analysts at work, EqualOcean Intelligence is one of the few institutions delivering content in both English and Chinese, together with the requisite expertise to interpret both cultures. This rare talent mix is one of the reasons EqualOcean is widely quoted by so many top global publications.

Leveraging two major channels – EqualOcean.com and iyiou.com – and supported by a network of thousands of technology and industry experts, EqualOcean Intelligence is a highly competitive player in business analysis, in China and around the world.

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