Swiss stocks - Factors to watch on January 24
24/01/2020 06:33
ZURICH/BERLIN, Jan 24 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
GIVAUDAN GIVN.S
Fragrance and flavour maker Givaudan is on track to reach
its 2020 guidance after net profit and underlying sales rose
around 6% last year, helped by strong growth in its fragrance
division, it said on Friday. urn:newsml:reuters.com:*:nL8N29T0IX
ROCHE ROG.S
Roche's immunotherapy Tecentriq failed a late-stage clinical
trial in a form of urothelial cancer, the Swiss drugmaker said
on Friday. urn:newsml:reuters.com:*:nFWN29S0X2
The drugmaker also said it gained approval for an additional
indication in early HER2-positive breast cancer for Kadcyla in
Switzerland.
For more, click on ROG.S
HELVETIA HELN.S
The Swiss insurer said it was acquiring an around 70% stake
in Spanish insurer Caser for 780 million euros ($865 million) to
expand its European business. urn:newsml:reuters.com:*:nL8N29T0O7
COMPANY STATEMENTS
* Coltene Holding CLTN.S said it expected net sales of CHF
273.8 million and an EBIT margin of 11.6% in 2019.
* Compagnie Financiere Tradition CFT.S said it had
adjusted revenue of CHF 1,012.5 million in 2019, an increase of
4.7% in constant currencies. CFT.S
* HBM Healthcare Investments HBMN.S said it achieved a net
income of 163.2 million Swiss francs in the third quarter of its
fiscal year 2019/2020. HBMN.S
* Santhera Pharmaceuticals SANN.S appointed Andrew Smith
as chief financial officer and a member of executive management
team. urn:newsml:reuters.com:*:nASN000286
ANALYSTS' VIEWS
* UBS GROUP AG UBSG.S : CITIGROUP RAISES PRICE TARGET TO
CHF 15.3 FROM CHF 14.8
* CREDIT SUISSE GROUP AG CSGN.S : CITIGROUP RAISES
PRICE TARGET TO CHF 18.3 FROM CHF 16.5
ECONOMY
No major economic data scheduled.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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