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#SaxoStrats - Why a slower China won't stop Peugeot

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August 13, 2015 #saxo strats, #saxostrats, auto, auto company, auto group, auto industry, auto production, auto sales, auto stocks, automaker, automakers, automobiles, automotive, autos, car industry, car sales, cars, china, china economy, china economy growth, china equity market, china gdp, china growth, china manufacturing, china outlook, china slowdown, chinese, chinese economy, cost cutting, equities, equities prices, equities saxo, equities strength, equities trading, equity, equity analyst, equity bubble, equity index, equity market, equity markets, equity platform, equity portfolio, equity portfolios, equity research, equity rise, equity strategy, equity trading, eur, euro, euro area, euro zone, europa, europe, europe growth, european, european economy, european union, eurozone, eurozone economy, france, france economy, france growth, french, french economy, management, manufacturers, manufacturing, peugeot, peugeot cars, saxo bank, saxo tv
French car maker Peugeot has lost around 10% in the last week because of the Chinese economic slowdown. But Saxo's Mads Koefoed points out that it's still gained more than 60% this year.

He says the company looks cheap compared to its peers. Margins have already widened due to significant cost cutting, he says. That may not continue but he believes Peugeot will be helped by the low Euro and increasing European spending growth.

Mads is looking to buy at the market while placing a STOP at EUR 3 below the entry price and a step of 0.31.