KUALA LUMPUR: Record-breaking earnings could be in store for D&O Green Technologies Bhd
given expectations that the demand surge for its automotive light-emitting diodes (LEDs) will continue for the foreseeable future.
This will be driven by the increasing LED content per vehicle as well as the adoption of the group’s proprietary smart LED in electric vehicles and autonomous vehicles which are still at the introduction stage of their life-cycles. This indicates ample room for growth, said analysts,
Kenanga Research, for one, expects the group to deliver exceptional earnings in financial year 2021 (FY21) with each quarter posting strong year-on-year (y-o-y) growth.
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