wisetech-global-ltd-wtc-au
mark-webb
fraud
shanghai-2345-network-holding-group-co-ltd-002195-ch
tunghsu-optoelectronic-technology-co-ltd-000413-ch
kangde-xin-composite-material-group-co-ltd-002450-ch
kangmei-pharmaceutical-co-600518-ch
siasun-robot-and-automation-co-ltd-300024-ch
short-seller
zhou-hei-ya-international-holdings-co-ltd-1458-hk
beigene-ltd-bgne-us-6160-hk
anta-sports-2020-hk
ausnutria-dairy-1717-hk
qutoutiao-inc-qtt-us
ping-an-healthcare-and-technology-co-ltd-1833-hk
bosideng-international-3998-hk
wuxi-lead-intelligent-equipment-co-ltd-300450-ch
beijing-oriental-yuhong-waterproof-tech-002271-ch
changchun-high-and-new-technology-industry-group-inc-000661-ch
guangdong-hec-technology-holdings-co-ltd-600673-ch
zhejiang-longsheng-group-co-ltd-600352-ch
best-world-best-sp
furen-group-pharmaceutical-co-ltd-600781-ch
gam-holding-ag-gam-sw
pt-garuda-indonesia-persero-tbk-giaa-ij
kasen-international-holdings-ltd-0496-hk
metro-bank-plc-mtro-ln
nova-group-holdings-ltd-1360-hk
mega-expo-holdings
realord-group-holdings-ltd-1196-hk
rural-funds-group-rff-au
southern-energy-holdings-group-ltd-1573-hk
china-unienergy-group
ted-baker-plc-ted-ln
thomas-cook-group-plc-tcg-ln
under-armour-inc-uaa-us
via-varejo-sa-grupo-casas-bahia-sa-vvar3-bz-viia3-bz-bhia3-bz
wirecard-ag-wdi-gr
china-new-higher-education-group-ltd-2001-hk
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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