(DOGT MK/NOT RATED/Price: RM0.685/Target: n.a.)

D&O, a LED packaging solutions provider, is strategically-positioned to partake in the multi-year revolutionary change in the automotive lighting industry. A promising industry outlook, capacity expansion and an improving product mix, could illuminate D&O’s earnings outlook over the near- to mid- term. While D&O trades at 24x 2018F PE, its earnings accretion coupled with the industry’s decent outlook, suits investors with mid- to long- term investment horizons.

Source: UOB Kay Hian Research - 16 Nov 2017