$CON.DE (Continental AG) Up 8% today:
"Continental AG’s shares surged after the company said strong growth in China for its auto unit will help offset sluggish demand in Europe.
China is expected to be the “main driver of growth” in the second half of the year, Continental said ahead of an investor call after market close on Wednesday."
Source: www.bnnbloomberg.ca/continental-shares-jump-as-auto-unit-sees-growth-in-china-1.2092862
Continental is one of the holding in my portfolio, if estimates are met by next year earnings should grow by 50% to 10 Euro per shares, which with the current price would mean a P/E ratio of less than 6!
There has been lots of pessimism around this company and this is a great opportunity to keep in consideration for any long-term portfolio.... Show More
