HK Stock Market Move | GDS-SW(09698) surged more than 4%, highlighting the increasing importance of Southeast Asia in the global data center sector. The company has taken a leading strategic layout in Southeast Asia.

GDS-SW (09698) rose more than 4%, as of the time of writing, it rose by 4.09%, closing at HK$22.9, with a trading volume of HK$55,308,100. On the news front, from April 23rd to 25th, the 2025 Digital Infrastructure Technology Exhibition was held in Singapore, and as a key event during this period, the "China-Southeast Asia Digital Infrastructure Cooperation Forum" was held on the morning of April 23rd. Guotai Junan Securities released a research report stating that the importance of Southeast Asia in the global data center industry is gradually becoming more prominent. Wangdu Data is leading the way in laying out its future plans in Southeast Asia, and is heavily investing in IDC, expected to benefit significantly. CICC pointed out that data center companies providing server hosting services, with current orders expected to support future performance growth over the next 1-2 years, the new contract prices have not yet increased, but the project returns are expected to improve ahead of price increases. Driven by strong orders, data center capital expenditure is entering an upward trend, with multiple funding channels supporting capital expenditure expansion, and REITs projects helping to improve fund liquidity and operational stability. The staggered construction of domestic and overseas data centers and the consolidation of computing power are expected to reduce inefficient supply, while the capital expenditure of domestic cloud service providers is the main factor affecting the performance and valuation of third-party data centers.