《大行報告》瑞信:萬國數據(GDS.US)第三季增長強勁 目標價上調至107.5美元
瑞信發表研究報告指,隨著內地視頻及電子商務行業持續快速增長,萬國數據(09698.HK)(GDS.US)第三季收入按年增長43%,預期萬國數據未來可繼續滿足市場對服務器及數據中心的強勁需求。
報告指,萬國第三季調整後EBITDA利潤率按年提升1.7個百分點至47%,加上強勁的收入增長,帶動季度調整後EBITDA增長48.3%,但受利息及折舊費用拖累,期內錄得2.05億元人民幣虧損。
公司將全年收入指引提高到介乎57億至57.5億元人民幣,EBITDA目標亦提升至26.6億至26.7億元人民幣,稍低於該行預期。瑞信指,萬國數據資本成本持續下降,將加權平均資本成本預測由8.5%下調至8.3%,基於現金流貼現法,將美股目標價上調7.5%至107.5美元,並維持「跑贏大市」評級。按每份美國預託證券相當於8股港股計,折算港股目標價約104.2元。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!

Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.