金吾财讯 | 万国数据(9698)早盘震荡扬升，截至发稿，涨3.86%，报18.28港元，成交额1652.54万港元。美银证券指，万国数据第三季收入按年升18%至29.7亿元人民币，经调整除息税及摊销前溢利(EBITDA)按年升15%至13亿元人民币，两者均符合市场及该行预期。公司管理层上调明年资本开支指引，由65亿元人民币上调至110亿元人民币，其中中国及国际市场资本开支指引，分别由25亿及40亿元人民币，上调至30亿及80亿元人民币。该行上调对万国数据目标价，由22港元上调至23.6港元，重申“买入”评级，基于中国需求复苏及未来境外业务变现化。基于中国客户进入速度加快及国际业务容量强劲增加，该行上调对公司今年至2026年经调整EBITDA预测2%至10%。大摩发研指，万国数据近期在没有合理基本面理由的情况下股价下跌。中国业务目前的隐含估值仅相当于2025年企业价值对EBITDA倍数约9.3倍，而中国业务EBITDA增长为10%，认为估值吸引。预计万国数据(GDS.US)未来60天股价有逾80%机会上升。美股评级“增持”，目标价30美元。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.