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D&O Green Technologies $D&O / 7204 (D&O GREEN TECHNOLOGIES BERHAD)
Research by AffinHwang
Buy: Target Price: RM8.40
"Still early in the smart LED game"
Up and coming OBM gaining market share in the global automotive LED lighting business. Proliferation of smart LEDs to drive margin expansion and rapid growth in years ahead. With a net profit CAGR of 68% and exciting earnings prospects, we initiate coverage with a BUY rating and RM8.40 target price.
