Swiss stocks - Factors to watch on March 18

EvoNext Holdings SA

18/03/2019 05:47

ZURICH/BERLIN, March 18 (Reuters) - The Swiss blue-chip SMI
 .SSMI  was seen opening up 0.2 percent at 9,50 points on
Monday, according to premarket indications by bank Julius Baer
 JBPRE01 .
    Here are some of the main factors that may affect Swiss
stocks:
      
    TELECOMS
    The U.S. has intervened in Switzerland against plans to use
Chinese technology in building its 5G network, newspaper
SonntagsZeitung reported, referencing plans by Swiss telecoms
group Sunrise  SRCG.S  to develop network infrastructure with
China's Huawei  HWT.UL .
    
    SIX SWISS Exchange
    The Swiss stock exchange operator is on the hunt for
takeovers, it said on Monday while reporting a sharp jump in
2018 profit.  urn:newsml:reuters.com:*:nL8N2124CG
    
    CREDIT SUISSE  CSGN.S 
    Credit Suisse is targeting 2 billion Swiss francs in pretax
profit for 2019 in its wealth-management unit, Bloomberg
reported.  urn:newsml:reuters.com:*:nL3N21247Q
    
    JULIUS BAER  BAER.S 
    The Swiss private bank released its annual report for 2018,
in which it reported that Chief Executive Bernhard Holder
received compensation of 6.2 million Swiss francs ($6.19
million) in 2018.  BAER.S  
    
    SWISS LIFE  SLHN.S 
    Macquarie's  MQG.AX  asset management business said it
agreed to sell its 36 percent stake in Brussels Airport to a
consortium that includes Swiss Life.  urn:newsml:reuters.com:*:nFWN2120KU

    COMPANY STATEMENTS  E-CH 
    * Liechtenstein's LGT  LGTGFB.UL  said it boosted profit 11
percent to 314.1 millionen francs  LGTGFB.UL 
    * Novartis  NOVN.S  presented data to support initiation of
Entresto in hospitals and as first-choice systolic heart failure
therapy in stabilised patients.  NOVN.S 
    * Evolva  EVE.S  said it has received a notice from the U.S.
Environmental Protection Agency disclosing that it has
identified one study on its prospective anti-tick and mosquito
product nootkatone for which it could not complete its review.
Evolva will determine next steps, including seeking an extension
of the regulatory deadline.  EVE.S 
    * Orell Fuessli  OFN.S  said it posted a 50.1 million net
loss but still aims to pay a dividend of 6 francs per share
after, consisting of a regular payment of 4 francs, plus a 2
franc per share jubilee dividend  OFN.S 
    * Hiag  HIAG.S  said full-year net income rose 5.9 percent
and that it plans to pay a dividend of 3.90 francs per share.
 HIAG.S 
    * SHL Telemedicine  SHLTN.S  said it plans to pay a dividend
of $1 per share  SHLTN.S 
    * Novartis's  NOVN.S  eyecare unit Alcon paid $285 million
to buy PowerVision, with additional payments based on specified
regulatory and commercial milestones starting in 2023. Alcon
remains on track to be spun off in coming weeks.  NOVN.S 
    * Adecco Group  ADEN.S  said it completed a 150 million euro
share buyback  ADEN.S 

    ECONOMY  M-CH 
    * No major Swiss economic data scheduled
    * Fitch affirmed Switzerland's 'AAA' rating, citing a
diversified and high-value added economy as well as strong
governance and human development indicators.  urn:newsml:reuters.com:*:nFWN2120PZ

($1 = 1.0019 Swiss francs)

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