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DGW - Partnership with Xiaomi to drive growth in 2018 - Company Report

We recommend DGW for the following reasons: The ICT business is back on a growth track thanks to a partnership with Xiaomi. DGW has set a 2018 revenue target of 18.2% YoY growth and targeted 12.9% YoY growth in gross profit for the ICT business (vs -0.8% and 9.1%, respectively, recorded in 2017). Joining the consumer goods segment is the right move given the maturity of ICT’s distribution business and the much higher GPM of the new product category.