Swiss stocks - Factors to watch on April 6
06/04/2020 05:55
ZURICH/BERLIN, April 6(Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
COVID-19
The Swiss coronavirus death toll rose by 19 to 559 on Sunday
with confirmed cases topping 21,000, according to the health
ministry. urn:newsml:reuters.com:*:nL8N2BT0AC
A quarter of Switzerland's workers have been put on shorter
hours as companies seek to limit the financial damage of the
coronavirus epidemic, the government said on Saturday.
urn:newsml:reuters.com:*:nL8N2BS0C0
UBS UBSG.S
CEO Sergio Ermotti defended the bank's decision to pay a
dividend for 2019 despite the Swiss banking watchdog's call to
carefully consider such payments due to the coronavirus crisis,
saying the lender was well-capitalized and strategically well
positioned. urn:newsml:reuters.com:*:nL8N2BT0FW
SUNRISE SRCG.S
After the failed takeover of UPC in Switzerland, the
telecoms group plans to lay fibre optics cables itself, CEO
Andre Krause told NZZ am Sonntag. "In order to reach 60% of the
population with optical fibers, we are now looking at with which
partners we can expand the network ourselves by 2025."
AIRLINES
The federal government could decide on Wednesday to support
the country's aviation industry with an aid package of three to
five billion Swiss francs, Sonntagszeitung said.
COMPANY STATEMENTS
* Forbo FORN.S said it would pay out a dividend of 23
Swiss francs ($23.52) per share on April 14. It said the
coronavirus epidemic made it impossible to provide an outlook
for 2020.
* EMS Chemie Holding EMSN.S said it achieved net sales of
CHF 496 million in the first three months, 17.8% lower than in
year-ago period.
* Chubb Ltd CB.BN said it would not conduct any layoffs of
employees whilst in the midst of the COVID-19 pandemic.
ANALYSTS' VIEWS
* DKSH HOLDING AG DKSH.S : CREDIT SUISSE RAISES TO
OUTPERFORM FROM UNDERPERFORM; RAISES TARGET PRICE TO CHF 57 FROM
CHF 50
ANNUAL GENERAL MEETINGS
SWISSCOM SCMN.S - 22 CHF/shr dividend proposed
ECONOMY
SNB sight deposits due at 0800 GMT.
($1 = 0.9777 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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