Swiss stocks - Factors to watch on May 2
02/05/2022 05:33
ZURICH/BERLIN, May 2 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Monday:
UKRAINE
President Ignazio Cassis tweeted on Saturday that he and
Ukrainian President Volodymyr Zelenskiy discussed in a telephone
call "how Switzerland could contribute to the return to peace
with its good offices."
CREDIT SUISSE CSGN.S
A group of people and entities have filed a class action
lawsuit against Credit Suisse, alleging that the Swiss bank
misled investors over business dealings related to Russian
oligarchs, law firm Pomerantz LLP said. Credit Suisse did not
comment when contacted by Reuters. urn:newsml:reuters.com:*:nL5N2WS0BP
Rhode Island pension fund has sued Credit Suisse Group AG
former Chairman Urs Rohner and 19 other directors and
executives, alleging their failure to manage risk doomed the
bank's prime brokerage business to fail with the collapse of
Archegos Capital. urn:newsml:reuters.com:*:nL2N2WR2DG
COMPANY STATEMENTS
* Dormakaba DOKA.S said it signed an agreement to divest
its hollow metal doors business Mesker. It expects an around 64
million Swiss franc negative impact on net profit mostly due to
goodwill impairment. DOKA.S
* Eeii AG EIC.S publishes 2021 annual results, says
reviewing all strategic options in backdrop of Russia-Ukraine
crisis. EIC.S
* Glarner KB GLKBN.S said voters in the canton rejected a
change to the cantonal bank law, meaning the canton will retain
its majority stake in Glarner KB. GLKBN.S
* Idorsia IDIA.S announced that QUVIVIQ (daridorexant) CIV
tablets are now commercially available for adult patients with
insomnia. IDIA.S
* Leclanche LECN.S said it published unaudited key figures
for 2021, at SIX Exchange Regulation's request. Its net loss
narrowed to 65.0 million Swiss francs in 2021, compared to 78.2
million in 2020. It said it is working with investors to secure
new financing and remains confident that a new funding agreement
will be reached this month. Until then the liquidity position
remains tight and supplier payments continue to be late. LECN.S
* ObsEva SA OBSN.S announced the appointment of Brandi
Howard as Chief Clinical Officer and member of the company’s
Executive Committee, effective May 9. OBSN.S
* Valora VALN.S said it refinanced debt by issuing a EUR
100 million promissory note, thus extending its debt maturity
profile. VALN.S
ANALYSTS' VIEWS
TEMENOS AG TEMN.S : JP MORGAN CUTS TARGET PRICE TO CHF 125
FROM CHF 135
FORBO HOLDING AG FORN.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 1680 FROM CHF 1830
RIETER HOLDING AG RIEN.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 149 FROM CHF 182
STRAUMANN HOLDING AG STMN.S : CREDIT SUISSE CUTS TARGET
PRICE TO CHF 175 FROM CHF 187
EX-DIVIDEND
CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG LISN.S - 1200.00
CHF/shr dividend
ECONOMY
Swiss Q2 consumer confidence due at 0700 GMT.
Swiss April Manufacturing PMI due at 0730 GMT. Seen at 61.5
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
((For Top News in a multimedia Web format on Eikon visit: https://bit.ly/2NDFd6g
FOR RELATED PRICES, NEWS AND OTHER TOPICS, DOUBLE-CLICK ON:
Daily Swiss stock market report in German .SDE
All SMI constituent stocks 0#.SSMI
DJ STOXX index .STOXX
Top 10 STOXX sectors .PGL.STOXXS
Top 10 EUROSTOXX sectors .PGL.STOXXES
Swiss mid-cap index .SSMI
Swiss all-share index .SSHI
Swiss market digest .AD.S
Sector overview CH/SECTOR1
All Swiss news CH
Swiss research news CH-RCH
All equity news E
SPEED GUIDES: EQUITY EQUITY/NEWS1 EUR/EQUITY SWITZERLAND REUTERS ))