Swiss stocks - Factors to watch on Aug 18
18/08/2016 07:09
ZURICH, Aug 18 (Reuters) - The Swiss blue-chip SMI .SSMI
was seen opening 0.2 percent higher at 8166 points on Thursday,
according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors expected to affect Swiss
stocks:
NESTLE NESN.S
Nestle said it expected underlying sales growth to improve
in the rest of 2016 after price pressures weighed on the food
giant's growth in the first half. It confirmed its full-year
outlook after "organic" sales growth -- adjusted for
acquisitions, divestitures and currency swings -- slowed to 3.5
percent in the first half, below the average estimate of 3.8
percent in a Reuters poll of analysts urn:newsml:reuters.com:*:nL8N1AZ0NT
For more news, click on NESN.S
SWISSCOM SCMN.S
The Swiss telecommunications group reported a 0.5 percent
increase in net income during the first half of 2016 and said
revenue was slightly higher than prior-year level at 5.77
billion Swiss francs ($6.01 billion).
For more, click on SCMN.S
COMPANY STATEMENTS CPR-CH
* Daetwyler DAE.S said it was not going to sweeten its
offer for Britain's Premier Farnell PFL.L , which will lapse on
Aug 21. It will incur one-off costs for the bid. urn:newsml:reuters.com:*:nFWN1AZ06J
* Kudelski KUD.S said first half 2016 total revenues and
other operating income increased by 11.6 percent to reach 481.8
million Swiss francs ($501.25 million).
* Georg Fischer FIN.S said its Chinese joint venture
Chinaust Group had agreed the acquisition of two Chinese
companies: Shuchang Auto Part and Lingyun Jingran Gas
Valve. FIN.S
* Banque Cantonale Vaudoise BCVN.S said its operating
profit remained stable at 198 million Swiss francs during the
first half of 2016, while revenues decreased 6 percent to 494
million francs as interest rates stayed negative, financial
markets were lacklustre and net trading income fell back.
BCVN.S
* LifeWatch LIFE.S said it had negative earnings before
interest taxes (EBIT) in the first half of 2016 due to one-time
charges and lowered its guidance for the full year to
single-digit revenue growth. LIFE.S
* Comet Group COTN.S reported a 15.1 percent increase in
sales during the first half of the year and confirmed its
outlook, saying it expected to achieve full year sales of 300 to
320 million Swiss francs. COTN.S
* Evolva EVE.S said total revenues more than halved to 3.7
million Swiss francs in the first half of the year due to a
one-off in the year-ago period. The group still expects 2016
total revenues to be around the level reached in 2015. The
company also said it has entered into an agreement with a
private U.S. biotech venture to develop new production routes
for existing active pharmaceutical ingredients. EVE.S
* Siegfried Holding SFZN.S reported a 76.2 percent rise in
first half sales to 353.6 million Swiss francs, and earnings
before interest, taxes, depreciation and amortization of 47.8
million francs before integration costs, up 38.1 percent.
SFZN.S
* Bank Linth LINN.S reported first half net profit of
10.1 million Swiss francs. LINN.S
* Cham Paper Group Holding CPGN.S said H1 revenues rose 3
percent to 103.8 million francs and posted an operating profit
of 5.2 million francs. CPGN.S
* Cembra Money Bank CMBN.S said net income rose 3 percent
to 71.8 million Swiss francs in the first half of 2016 and it
expects earnings per share (EPS) at the higher end of the guided
range of between CHF 4.80 and CHF 5.10 for the full year.
CMBN.S
ECONOMY M-CH
($1 = 0.9612 Swiss francs)
($1 = 0.9607 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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