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apple developer account for sale :Stronger global vehicle sales augur well for D&O Green Technologies

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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. The design-enquiries were also more than that in the first half of the year. 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.“We expect to see a strong finish to FY20 before heading to a more exciting growth phase over the next three years, ’’ it added. The report said the decent third-quarter FY20 report card reflects the start of D&O’s growth momentum. It has maintained its “outperform’’ call with an unchanged target price of RM1.88 a share. This is based on 40 times the FY21 earnings per share. D&O is one of the world’s leading automotive LED makers for module suppliers. China is D&O’s biggest sales contributor. It has more than 100 customers worldwide. Most of the business wins provide LED quantity forecasts that can stretch up to eight years.
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