gillem-tulloch
wisetech-global-ltd-wtc-au
celltrion-inc-068270-ks
byd-company-limited-1211-hk-002594-ch
poly-developments-and-holdings-group-co-ltd-600048-ch
kangmei-pharmaceutical-co-600518-ch
geely-automobile-holdings-ltd-0175-hk
iflytek-co-ltd-002230-ch
irb-infrastructure-developers-ltd-irb-in
sichuan-road-and-bridge-co-ltd-600039-ch
pinduoduo-inc-pdd-holdings-pdd-us
advanced-micro-fabrication-equipment-688012-ch
gds-holdings-ltd-gds-us-9698-hk
weichai-power-co-ltd-2338-hk
shanghai-putailai-new-energy-technology-co-ltd-603659-ch
ke-holdings-inc-2423-hk-beke-us
hangzhou-tigermed-consulting-co-300347-ch-3347-hk
kuaishou-technology-1024-hk
aier-eye-hospital-300015-ch
yuexiu-property-co-ltd-0123-hk
sensetime-group-inc-0020-hk
china-resources-beer-holdings-0291-hk
guoxuan-high-tech-co-ltd-gotion-high-tech-co-ltd-002074-ch
kalyan-jewellers-india-ltd-kalyankj-in
posco-dx-co-ltd-022100-ks
zhongji-innolight-co-ltd-300308-ch
kuang-chi-technologies-co-ltd-002625-ch
supcon-technology-co-ltd-688777-ch
dentsu-group-4324-jp
zjld-group-inc-6979-hk
arm-holdings-arm-us
geovis-technology-co-ltd-688568-ch
hybe-co-ltd-352820-ks
china-national-software-and-service-co-ltd-600536-ch
china-rare-earth-resources-and-technology-co-ltd-000831-ch
shanghai-zhangjiang-high-tech-park-development-co-ltd-600895-ch
telix-pharmaceuticals-ltd-tlx-au
western-superconducting-technologies-co-ltd-688122-ch
accounting-watchlist
Insights
19 May, 2026
NEWSLETTER: GDS HOLDINGS
Do Data Centres Earn Their Keep?

Mark Webb
GDS Holdings is a reminder that an appealing industry can struggle to generate an appealing return. Data centres are one of the market’s favourite infrastructure themes: cloud demand, artificial intelligence, digitalisation, outsourcing, and the endless growth in data consumption all point in the same direction. On paper, that sounds like a very attractive place to be. The question, though, is...
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1 December, 2023
NEWSLETTER: EVERGRANDE (3333 HK)
Never profitable

Fredrik Oeqvist
Evergrande’s much delayed and recently published 2021 annual report makes clear that it significantly overstated revenue and earnings – most likely for many years. Contrary to what some people think, Evergrande was not so much a victim of tightened liquidity or a COVID-induced property market downturn; its problems were far more fundamental – there were never any profits....
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