Swiss stocks - Factors to watch on July 21
21/07/2020 05:56
ZURICH/BERLIN, July 21 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Tuesday:
GIVAUDAN SA GIVN.S
The fragrance and flavour maker said it was on track to meet
its 2020 guidance after net profit rose 9% and like-for-like
sales grew 4% in the first half as consumers kept buying snacks
and soap during the COVID-19 pandemic. urn:newsml:reuters.com:*:nFWN2ER178
SGS SA SGSN.S
The inspection, verification and testing company said
revenue was down by 20.7% at CHF 2.6 billion ($2.77 billion) in
the first half. It said its 2020 guidance was withdrawn and it
was challenging to provide a meaningful outlook in view of the
coronavirus and lockdown measures.
UBS UBSG.S
The world's largest wealth manager, saw net profit drop 11%
in the second quarter as higher trading activity failed to
offset a pandemic-induced slump in retail and corporate banking.
urn:newsml:reuters.com:*:nZ8N2BQ02H
KUEHNE & NAGEL AG KNIN.S
The company reported net turnover for the first half-year of
CHF 9.8 billion and EBIT of CHF 419 million.
LOGITECH LOGN.S
The company raised its outlook for the 2021 fiscal year and
reported a more than 75% increase in non-GAAP operating income
in its first quarter, boosted by demand for its webcams, video
conferencing products and headsets as homeworking increased
during the coronavirus lockdowns. urn:newsml:reuters.com:*:nL3N2ES0EY
CREDIT SUISSE CSGN.S
SoftBank has pulled a $500 million investment from Credit
Suisse's supply chain finance funds after the Swiss bank
reviewed its relationship with SoftBank-backed lender Greensill
Capital, according to a source with direct knowledge of the
matter and supported by an investor letter sent by the bank.
urn:newsml:reuters.com:*:nL2N2ER0Z4
LINDT & SPRUENGLI AG LISN.S
First-half results due.
NOVARTIS AG NOVN.S
Second-quarter results due.
COMPANY STATEMENTS
* CPH Chemie und Papier Holding AG CPHN.S reported total
net sales for the half year of CHF 231.8 million, a 13.3%
decline on January-to-June 2019. urn:newsml:reuters.com:*:nFWN2ER177
ANALYSTS' VIEWS
* FLUGHAFEN ZUERICH AG FHZN.S : HSBC RAISES TARGET PRICE TO
CHF 150 FROM CHF 135
* COMPAGNIE FINANCIERE RICHEMONT SA CFR.S : RBC CUTS TARGET
PRICE TO CHF 66 FROM CHF 68
ECONOMY
Swiss June trade balance due at 0600 GMT.
Swiss June M3 data due at about 0700 GMT.
($1 = 0.9392 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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