Swiss stocks - Factors to watch on August 31
31/08/2022 05:46
ZURICH/BERLIN, Aug 31 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
ABB ABBN.S
Turbocharging business Accelleron that is to be spun off in
October aims to distribute 50 to 70% of reported net income as
dividends, and targets organic revenue growth 2–4% in the medium
term, ABB said ahead of a capital markets day ABBN.S
UBS UBSG.S
UBS cuts China debt bankers in Hong Kong amid deal drought -
Bloomberg https://bloom.bg/3ADo0QO
COMPANY STATEMENTS
* Clariant AG CLN.S : reached a definitive agreement for
divestment of its Quats business to Global Amines Company Pte
Ltd., a 50/50 joint venture owned by Clariant and Wilmar;
sale price $113 million CLN.S
* Stadler Rail AG SRAIL.S : H1 revenue up 4% to CHF 1.5
billion; H1 improved EBIT margin of 4.5%; outlook 2022: order
intake increased to over CHF 7.0 billion, sales, investments and
free cash flow confirmed, EBIT margin slightly below previous
year, at least above 5% SRAIL.S
* Dormakaba Holding DOKA.S : expects organic growth
slightly above its mid-term target range of 3% to 5% but added
that the guidance applied only to the first half of the 2022/23
financial year, as geopolitical and macroeconomic risks increase
DOKA.S
* Investis Holding SA IREN.S : H1 underlying EBITDA 27
million CHF IREN.S
ANALYSTS' VIEWS
SOFTWAREONE HOLDING AG SWON.S : CITIGROUP RAISES PRICE
TARGET TO CHF 14 FROM CHF 12.5
SIG GROUP AG SIGNC.S : JEFFERIES RAISES TARGET PRICE TO CHF
29 FROM CHF 27
KARDEX HOLDING AG KARN.S : JEFFERIES CUTS TARGET PRICE TO
CHF 205 FROM CHF 220
INFICON HOLDING AG IFCN.S : JEFFERIES CUTS TARGET PRICE TO
CHF 773 FROM CHF 1037
ALUFLEXPACK AG AFPD.S : JEFFERIES CUTS TARGET PRICE TO CHF
21 FROM CHF 25
ECONOMY
Swiss government expected to discuss energy-conservation
strategy
July official reserves assets due at 0700 GMT
August investor sentiment due at 0800 GMT
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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