D&O shining bright on rising use of LEDs in cars

PETALING JAYA: Public Investment Bank Research (PublicInvest Research) has placed an “outperform” call on automotive light emitting diode (LED) maker D&O Green Technologies Bhd (D&O) with an unchanged target price of RM4.37 a share as it expects a better performance from an uptick in sales for the company in 2024.

The research house said a target of at least 10% in sales growth next year has been set, led by more new design-wins materialising as global automakers step up car launches especially in the electric vehicle (EV) segment.