Still not there for data centre stocks

Here is a picture of Chinese data centre developer/operator and data services provider, GDS Holdings.

It’s recent distance above a long term mean was saying ‘stay away’.

It was also a metaphor for the stock prices of other data centre operators.

Additionally, I wrote this note, 3 months ago.

Reverting to the mean doesn’t always signal the end of a decline.

My read says that it still goes lower.

Next stop is HK$16.25.

November 4, 2026

rob@karriasset.com.au