5 Cheap Chinese Stocks to Buy According to Analysts

2. GDS Holdings Limited (NASDAQ:GDS)

Average Price Target: $18.60
Upside Potential: 57.62%
Price to Earnings Multiple: N/A

GDS Holdings Limited ((NASDAQ:GDS) is a leading developer and operator of high-performance data centres in China and South East Asia. The company has been firing from all angles on the core business despite facing a challenging macro environment. It delivered a 7.4% year-over-year increase in revenues to $350 million in Q1 2023.

In the recent past, it’s been focusing on faster backlog delivery and winning new business as it capitalizes on the reopening of the economy. It’s also focused on pursuing growth opportunities on the global scene through its anchor customer in the Johor sire. GDS Holdings Limited (NASDAQ:GDS) has an $18.60 average price target on wall street representing 57.62% upside potential from current levels.

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