Swiss stocks - Factors to watch on April 9
09/04/2020 05:58
ZURICH/BERLIN, April 9 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
CORONAVIRUS
Switzerland plans to ease restrictions now in place to
combat the new coronavirus starting at the end of April, the
government said on Wednesday, adding the economic damage from
the epidemic could be the worst on record. urn:newsml:reuters.com:*:nL8N2BW5KI
BANKS
Switzerland's two big banks, UBS UBSG.S and Credit Suisse
CSGN.S , said they decided to pay out part of their dividend
for 2019 later this year after financial markets watchdog FINMA
had criticised their decision to maintain a full payout during
the coronavirus crisis. urn:newsml:reuters.com:*:nL5N2BX0E7
Swiss financial watchdog Finma said on Thursday it welcomed
a decision by UBS and Credit Suisse to pay out half of their
dividends for 2019 in the fourth quarter of 2020 despite their
strong capital decisions. urn:newsml:reuters.com:*:nS8N2BH02G
COMPANY STATEMENTS
* Bobst Group BOBNN.S : On 8 April 2020, Bobst acquired a
majority participation of 51% in Cito-System.
* Santhera Pharmaceuticals Holding AG SANN.S completed a
capital increase to create shares for Iris. It said it expected
to use the shares under equity-linked financing provided by
Iris.
* Basilea Pharmaceutica AG BSLN.S said it saw no
indication of negative impact on prescriptions for Cresemba,
Zevtera.
* Hbm Healthcare Investments AG HBMN.S said HBM portfolio
company Arrakis Therapeutics entered a strategic collaboration
and license agreement with Roche ROG.S
* Orior AG ORON.S said reliable projections of course of
business in 2020 are not possible due to current uncertainties.
* Kuehne und Nagel International KNIN.S said it proposed
not to resolve dividend due to Covid-19 pandemic impact.
ANALYSTS' VIEWS
* SWISS RE AG SRENH.S : JP MORGAN CUTS TARGET PRICE TO CHF
98 FROM CHF 108
* JULIUS BAER GRUPPE AG BAER.S : CREDIT SUISSE CUTS TARGET
PRICE TO CHF 49.50 FROM CHF 58.50
* UBS GROUP AG UBSG.S : CREDIT SUISSE CUTS TARGET PRICE TO
CHF 13.50 FROM CHF 16
ECONOMY
No major economic data scheduled.
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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