Stronger global vehicle sales augur well for D&O Green Technologies

TheStar Wed, Dec 16, 2020 11:30am - 3 years View Original


If the rollout of electric cars by D&O’s key customers is on track and well-received, the house does not rule out the possibility of stronger earnings growth for even FY22-FY23.

PETALING JAYA: The recovery of global vehicle sales, which has led to the higher demand for LED adoption, has spurred more design-in enquiries for D&O Green Technologies Bhd.

This and other factors have led PublicInvest Research to forecast double-digit earnings growth for the financial year 2021 (FY21).

It said that the strong recovery in global car sales in China, the European Union and the US was leading to higher LED adoption, increasing global market share and seeing stronger penetration into exterior LEDs.

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