Swiss stocks - Factors to watch on October 23
23/10/2020 05:57
ZURICH/BERLIN, Oct 23(Reuters) - Here are some of the main
factors that may affect Swiss stocks on Friday:
ABB ABBN.S
ABB's net profit rose 780% to $4.53 billion during its third
quarter, the engineering company said on Friday, as it booked
the proceeds of selling its power grid business to Hitachi
6501.T . urn:newsml:reuters.com:*:nZ8N2FE008
COMPANY NEWS
* SCHINDLER SCHP.S : The Swiss elevator and escalator
manufacturer raised its full-year revenue and net profit
guidance on Friday, citing increased activities in key markets,
including China. urn:newsml:reuters.com:*:nL8N2HE0KW
* Valora Holding VALN.S said it expects positive operating
profit this year, even as the volatile COVID-19 pandemic prompts
increasingly stringent measures by authorities that may impact
the kiosk- and convenience-food business. VALN.S
* Komax Holding KOMN.S said it expects an increase in
revenues and EBIT in the second half of 2020. urn:newsml:reuters.com:*:nFWN2HD1D2
* Rieter Holding RIEN.S reported order intake of 425.1
million Sfr in the first nine months of 2020. urn:newsml:reuters.com:*:nFWN2HD1DT
* HIAG Immobilien Holding AG HIAG.S placed 383,000
registered shares with a par value of 1.00 Sfr in a private
placement.
* WISeKey WIHN.S announced a partnership with OpSec.
urn:newsml:reuters.com:*:nFWN2HD1CT
ANALYSTS' VIEWS
* BALOISE HOLDING AG BALN.S : CREDIT SUISSE INITIATES WITH
OUTPERFORM RATING AND CHF 160 TARGET PRICE
* SWISS LIFE HOLDING AG SLHN.S : CREDIT SUISSE INITIATES
WITH NEUTRAL RATING AND CHF 365 TARGET PRICE
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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