Why PDD Holdings, LVMH, and GDS Holdings Sank Today [Yahoo! Finance]
GDS Holdings Limited - American Depositary Shares (GDS)
Last gds holdings limited - american depositary shares earnings: 3/19 08:28 am
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Source: Yahoo! Finance
Shares of Chinese stocks PDD Holdings (NASDAQ: PDD) and GDS Holdings (NASDAQ: GDS) , as well as European luxury brand giant LVMH Moët Hennessy (OTC: LVMUY) , sold off today, down 6.2%, 6.8%, and 3.1%, respectively, as of 1:15 p.m. ET. The across-the-board sell-off in Chinese and China-exposed stocks like LVMH came on the heels of disappointing news regarding hoped-for Chinese stimulus measures. Moreover, a new tariff on imported brandy from the European Union didn't help. Big hopes lead to a letdown after a massive run Chinese stocks have surged over the past month, with PDD Holdings up 55% over the past month and GDS Holdings up 21%, even counting today's sell-off. LVMH's 5.6% gain, while paltry compared to domestic China names, is still a hefty one-month return for any stock. PDD Holdings has become one of the major e-commerce platforms in China with market-leading growth, while GDS Holdings is one of the largest data center operators in the country. Both would be aided by
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News
- All You Need to Know About GDS Holdings (GDS) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
- GDS Holdings Limited (NASDAQ: GDS) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $26.00 price target on the stock.MarketBeat
- Are Business Services Stocks Lagging GDS Holdings (GDS) This Year? [Yahoo! Finance]Yahoo! Finance
- Institutional investors in GDS Holdings Limited (NASDAQ:GDS) lost 17% last week but have reaped the benefits of longer-term growth [Yahoo! Finance]Yahoo! Finance
- GDS Holdings (GDS): Expanding Data Center Capacity to Meet AI Demand [Yahoo! Finance]Yahoo! Finance
GDS
Earnings
- 5/22/24 - Beat
GDS
Sec Filings
- 12/16/24 - Form 144
- 12/13/24 - Form 144
- 12/12/24 - Form 144
- GDS's page on the SEC website