Swiss stocks - Factors to watch on July 15
15/07/2021 06:14
ZURICH/BERLIN, July 15 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Thursday:
BARRY CALLEBAUT BARN.S
Swiss chocolate maker Barry Callebaut BARN.S on Thursday
confirmed its mid-term guidance after sales volume growth
accelerated in the three months to May 31. urn:newsml:reuters.com:*:nFWN2OQ1EZ
COMPANY STATEMENTS
* GAM HOLDING GAMH.S said it expects to swing back to
profit in the first half of 2021 with an underlying pre-tax
profit of around 1 million Swiss francs, compared to a 2.0
million franc underlying loss for the first half of 2020.
GAMH.S
* Novartis NOVN.S said new results from a Phase III REACH3
trial showed its treatment Jakavi significantly improved
outcomes in patients with steroid-refractory/dependent chronic
graft-versus-host disease compared to best available therapy.
NOVN.S
* Rieter Holding RIEN.S posted H1 net profit of 5.3
million Swiss francs and said it expects sales to be above 900
million francs for the full year. RIEN.S
* DKSH Holding DKSH.S posted a 5.3% rise in H1 net sales
and 20.7% EBIT rise. DKSH.S
* VAT Group VACN.S posted Q2 net sales of 224 million
francs. VACN.S
* Achiko ACHIN.S said it was engaging Epimetrics to expand
Covid-19 testing operations in Indonesia. ACHIN.S
* Sonova Holding SOON.S said it appointed Robert Woolley
as an executive, joining from Straumann STMN.S . SOON.S
* Straumann STMN.S said Christian Ullrich was joining its
executive management board. STMN.S
* Feintool FTON.S flagged expected H1 sales of around 300
million francs. FTON.S
* Kuros KURN.S said it could potentially receive $166.5
million in future revenues under a royalty purchase agreement
with Xoma. KURN.S
ANALYSTS' VIEWS
SWATCH GROUP AG UHR.S : CREDIT SUISSE RAISES TARGET PRICE
TO CHF 375 FROM CHF 355
BUCHER INDUSTRIES AG BUCN.S : CREDIT SUISSE RAISES TARGET
PRICE TO CHF 475 FROM CHF 445
UBS GROUP AG UBSG.S : JEFFERIES INITIATES COVERAGE WITH BUY
RATING; TARGET PRICE CHF 20
CREDIT SUISSE GROUP AG CSGN.S : JEFFERIES INITIATES
COVERAGE WITH HOLD RATING; TARGET PRICE CHF 10
SIKA AG SIKA.S : CREDIT SUISSE RAISES TARGET PRICE TO CHF
337 FROM CHF 300
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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