Swiss stocks - Factors to watch on July 23

Centiel AG

23/07/2020 05:48

ZURICH/BERLIN, July 23 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
    
    CORONAVIRUS
    Researchers are making "good progress" in developing
vaccines against COVID-19, with a handful in late-stage trials,
but their first use cannot be expected until early 2021, a World
Health Organization (WHO) expert said on Wednesday.  urn:newsml:reuters.com:*:nL5N2ET5JG
    
    SWISS RE  SRENH.S 
    The reinsurance company said on Wednesday that claims and
reserves of $2.5 billion related to COVID-19 will lead to a net
first half loss of about $1.1 billion.  urn:newsml:reuters.com:*:nL5N2ET5H8
          
    ROCHE HOLDING AG  ROG.S 
    First-half results due.
    The company said late Wednesday that 98% of the people who
got its "port" delivery device for a formulation of Lucentis
went six months between treatments for a blindness causing
disease, macular degeneration.  urn:newsml:reuters.com:*:nFWN2ET0LU 

    SIKA AG  SIKA.S 
    The construction chemicals maker posted lower first-half
sales and profit as the coronavirus pandemic stalled many
building projects and industrial output slowed.  urn:newsml:reuters.com:*:nL3N2EU0TS
        
    UBS  UBSG.S  
    The bank reached a 20-year arena naming rights agreement for
the future home of the National Hockey League's New York
Islanders at Belmont Park.  urn:newsml:reuters.com:*:nL5N2ET51H 
    
    COMPANY STATEMENTS
    * Graubuendner Kantonalbank  GRKP.S  said it expected 2020
group profit of CHF 170 million ($183.19 million) and the profit
per participation certificate of around CHF 65.00.
    * Mikron Holding AG  MIKN.S  said the second half of the
year is expected to show an EBIT loss on a par with the first
half.
    * Meyer Burger  MBTN.S  said 98.9% of the subscription
rights had been exercized as part of its 165 million Swiss franc
capital increase. 
    * Hochdorf  HOCN.S  said it had an operating loss of 52.4
million francs in the first half as value adjustments weighed on
results.
    * Zug Estates  ZUGN.S  said it reached a deal with tenants
to reduce their rents up to 80% due to the COVID-19 lockdown.
    * UBS  UBSG.S  secured a 20-year arena naming rights
agreement for the future home of the National Hockey League's
New York Islanders at Belmont Park.  urn:newsml:reuters.com:*:nL5N2ET51H 
    
    
    ANALYSTS' VIEWS
    * KUEHNE UND NAGEL INTERNATIONAL AG  KNIN.S : JP MORGAN
RAISES TARGET PRICE TO CHF162.44 FROM CHF 149.31 
    * GIVAUDAN SA  GIVN.S : JP MORGAN RAISES TARGET PRICE TO CHF
3,345 FROM CHF 2,800 
    * SWISS RE AG  SRENH.S : JP MORGAN CUTS TARGET PRICE TO CHF
94 FROM CHF 96; RATING OVERWEIGHT
    * ABB LTD  ABBN.S : JP MORGAN RAISES PRICE TARGET TO SF20
FROM SF17.5
    
    ECONOMY
    No major economic data scheduled.


($1 = 0.9280 Swiss francs)

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