HK Stock Market Move | GDS-SW(09698) rose more than 5% today and will disclose its third quarter report after the market closes. Institutions are optimistic about the company's business prospects.

GDS-SW (09698) rose more than 5%, reaching 5.54% at the time of publication, with a price of 22.85 Hong Kong dollars and a transaction amount of 3.4628 million Hong Kong dollars. On the news front, Wanguo Data will release its third quarter results for the period ending September 30, 2024 after the market today. Minsheng Securities previously pointed out in a research report that the company's total revenue in 2023 was 995.7 billion RMB. Among them, the company's overseas business has developed rapidly, with a year-on-year growth rate of 494%. The company's gross profit margins saw a slight increase in the first two quarters of 2024, at 21.8% and 22.6% respectively. At the same time, the company's EBITDA margin in the first half of 2024 rose to 24.7%, reflecting a recovery in the company's profitability. The bank believes that with the trends in industries such as artificial intelligence, cloud computing, and 5G, data centers are expected to continue to experience high growth. Considering the company's outstanding competitive advantages and sufficient resource reserves, it is expected to accelerate its development. The company's business prospects are promising.