Swiss stocks - Factors to watch on March 9
09/03/2021 05:59
ZURICH, March 9 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Tuesday:
GREENSILL CAPITAL, CREDIT SUISSE CSGN.S
Greensill Capital filed for insolvency on Monday after
losing insurance coverage for its debt repackaging business and
said in its court filing that its largest client, GFG Alliance,
had started to default on its debts.
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COMPANY STATEMENTS
* Galenica GALE.S said its sales grew 5.4% last year and
it expected to be able to propose a dividend that would be at
least at the same level as the prior year. GALE.S
* Huber+Suhner HUBN.S said its net income fell 17% to 52.3
million Swiss francs last year and it would propose a dividend
of 1.30 francs per share, down from 1.60 francs for 2019.
HUBN.S
* Rieter Holding RIEN.S said it recorded a net loss of
89.8 million Swiss francs ($95.94 million) in 2020 and wouldn't
propose a dividend for last year. RIEN.S
* Stadler Rail SRAIL.S said it would supply 59 trains to
Spain's RENFE, an order worth around one billion euros ($1.19
billion). SRAIL.S
* UBS UBSG.S published the agenda for its annual general
meeting on April 8. UBSG.S
* VP Bank VPBN.S said its group profit fell to 41.6
million Swiss francs last year. VPBN.S
ANALYSTS
* SGS SA SGSN.S : JEFFERIES CUTS TARGET PRICE TO CHF 2,850
* BELIMO HOLDING AG BEAN.S : CREDIT SUISSE RAISES TARGET
PRICE TO CHF 6040 FROM CHF 5758
($1 = 0.8436 euros)
($1 = 0.9360 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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