Swiss Industrials & Technology: Too early to tell COVID-19 impact

Daetwyler Holding

09/07/2020 10:25

** Credit Suisse says it is too early to start thinking
about what developments will shape the Swiss industry and
technology sectors after the pandemic 
    ** The COVID-19 pandemic crisis is less negative for
business services, industrial, chemicals and technology sectors
than the global financial crisis (GFC) of 2008-2009, it writes
    ** The brokerage notes that supply chain disruptions have
now largely normalised, though, some supply chains still
affected at certain points
    ** CS forecasts greater headwinds from the appreciation of
the Swiss franc, adding that Swiss companies that are
particularly exposed to currencies from emerging markets are
likely to face even stronger difficulties
     ** According to the broker, in the current crisis the
industrial and consumer sectors are likely to suffer most, while
the healthcare sector should benefit
    ** The brokerage says it finds Daetwyler  DAE.S , Forbo
 FORN.S , Georg Fischer  FIN.S , Klingelnberg  KLIN.S  and
Landis+Gyr  LANDI.S  particularly attractive and rates the
stocks "outperform"
    ** It continues to be cautious on "underperform"-rated 
Sensirion  SENSI.S 

 ((marta.frackowiak@thomsonreuters.com))