Swiss stocks - Factors to watch on Oct. 9

Basler Kantonalbank

09/10/2018 05:42

ZURICH/BERLIN, Oct 9 (Reuters) - The Swiss blue-chip SMI
 .SSMI  was seen opening 0.3 percent higher at 8,988 points on
Tuesday, according to premarket indications by bank Julius Baer
 JBPRE01 .
    Here are some of the main factors that may affect Swiss
stocks on Tuesday:

    BANKS  CSGN.S   BAER.S   UBSG.S 
    The finance sector association in Geneva is due to hold its
annual news conference to discuss its 2018-2019 economic survey
and current challenges for the sector.       
   
    GIVAUDAN  GIVN.S 
    The fragrance and flavour maker reported an 9.8 percent hike
in sales during the third quarter of 2018 on Tuesday, slightly
better than analysts had expected and led by strong performance
in its fragrances division.  urn:newsml:reuters.com:*:nL8N1WP0H0
        
    COMPANY STATEMENTS [E-CH}
    * SIG Combibloc said its global coordinators have fully
exercised their over-allotment option on 19.8 million existing
shares granted in connection with the company's Initial Public
Offering at the offer price of 11.25 Swiss francs per share.
    * Basler Kantonalbank  BSKP.S  holds 98.7 percent in Bank
Cler.  BSKP.S 
    
    ANALYSTS' VIEWS
    JULIUS BAER  BAER.S  - RBC cuts to "sector perform" from
"outperform", cuts target price to 55 Sfr from 64 Sfr
    KUEHNE UND NAGEL  KNIN.S  - RBC raises to "outperform" from
"sector perform"
    SIKA  SIKA.S  - HSBC cuts price target to 167 Sfr from 171
Sfr, rating "Buy"
    
    ECONOMY  M-CH 
    No economic data due


 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
 
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