Swiss stocks - Factors to watch on July 28
28/07/2022 07:04
ZURICH/BERLIN, July 28 (Reuters) - The Swiss blue-chip SMI
index .SSMI was seen opening 0.6% higher at 11,126 points on
Thursday, according to premarket indications by bank Julius Baer
JBPRE01 .
Here are some of the main factors that may affect Swiss
stocks:
NESTLE SA NESN.S
Nestle raised its full-year sales growth forecast to 7-8%
and just slightly lowered its margin guidance after cost
inflation hurt less than expected and price increases boosted
organic sales growth in the first half of 2022 NESN.S
Shares indicated 1.2% higher
VONTOBEL HOLDING AG VONN.S
First-half net profit at the Swiss wealth and asset
management group fell by a fifth as market ructions prompted a
small net outflow of client funds. Group net profit slumped 21%
to 151.4 million Swiss francs ($158 million), while operating
income fell 12%. Net new money slipped 0.8% VONN.S
CLARIANT AG CLN.S
Clariant overcame rising raw material, energy and transport
costs to increase its profit during its second quarter, the
Swiss specialty chemicals maker said CLN.S
Shares indicated 1.2% higher
COMPANY STATEMENTS
* Roche ROG.S to present research on Alzheimer's disease
pharmaceutical and diagnostic portfolio at conference July
31-Aug 4
* MCH Group Ltd MCHN.S : Swiss Takeover Board has
approved the requests of MCH and its two anchor shareholders in
connection with the planned capital increase, in particular
regarding an exemption from the obligation to make an
offer MCHN.S
* Graubuendner Kantonalbank GRKP.S : The bank confirms the
financial outlook for 2022. A net profit of around CHF 195
million and earnings per participation certificate of around CHF
74.00 are expected GRKP.S
* Comet Group COTNE.S Says H1 Sales Rose 7.7% To 267.5
Million CHF urn:newsml:reuters.com:*:nASM000L1P
* Bucher BUCN.S Reports Half Year Net Sales CHF 1778 Mln
Versus CHF 1608 Mln urn:newsml:reuters.com:*:nASM000L1M
ANALYST VIEWS
STADLER RAIL AG SRAIL.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 35 FROM CHF 38
LOGITECH INTERNATIONAL SA LOGN.S : CREDIT SUISSE CUTS
TARGET PRICE TO CHF 68 FROM CHF 84
ECONOMY
No major Swiss economic data scheduled
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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