Swiss stocks - Factors to watch on March 17

SFS AG

17/03/2020 05:46

ZURICH/BERLIN, March 17 (Reuters) - The Swiss blue-chip SMI
.SSMI was seen opening 1.8% higher at 8,375 points on Tuesday,
according to premarket indications by bank Julius Baer
 JBPRE01 .   
    Here are some of the main factors that may affect Swiss
stocks on Tuesday:
    
    CORONAVIRUS OUTBREAK
    Coronavirus fears led to a historic drop in U.S. stocks,
shut borders and disrupted daily life around the world, as
governments took increasingly drastic measures to try to reduce
the severity of the global outbreak.  urn:newsml:reuters.com:*:nL4N2B91GX
    
    LONZA  LONN.S 
    Reported FY sales of 5.9 billion Swiss francs. 
    
    ROCHE  ROG.S 
    * The Swiss drugmaker said late on Monday that voting at its
annual general meeting on Tuesday would be by independent proxy
only. It advised shareholders not to travel to the meeting as
they could not be admitted to the meeting room under the new
guidelines issued by the Swiss government on Monday.
    * The company said in a separate release it had started
shipping the first 400,000 COVID-19 tests to laboratories across
the U.S. to begin patient testing under FDA Emergency Use
Authorization.
    * Roche Chief Executive Severin Schwan told CNN Money
Switzerland the company was in discussions with regulators to
make its drug Actemra available to soften secondary effects of
the coronavirus infection.
    For more, click on  ROG.S 
    
    COMPANY STATEMENTS
    * Partners Group  PGHN.S  FY Profit Up At CHF 900 Million
 PGHN.S .
    * Tecan Group AG  TECN.S  reported full-year net profit of
CHF 73.2 million (2018: CHF 70.7 million); full-year 2020 sales
are again forecast to increase in the mid- to high single-digit
percentage range in local currencies; 2020 reported EBITDA
margin expected to expand to around 19.6% of sales; any impact
on the full-year business performance of the outbreak of the new
coronavirus (covid19) cannot be predicted at present
 urn:newsml:reuters.com:*:nFWN2B923I
    * Schindler  SCHP.S  said its AGM would take place on
Thursday as planned, but shareholders would not be allowed to
attend in person, but had to vote via independent proxy to
comply with the latest requirements issued by the Swiss
government.  SCHP.S 
    * Interroll Holding AG  INRN.S : Markus Asch nominated for
election to board of directors  urn:newsml:reuters.com:*:nFWN2B923J
    * Relief Therapeutics  RLFB.S   said it is test RLF-100
(Aviptadil) For Treatment Of COVID-Induced acute respiratory
distress syndrome.  RLFB.S 
    * SFS  SFSN.S  said it is buying buys Connecticut-Located
Truelove & Maclean.  SFSN.S 
    * Sika  SIKA.S  said it is expanding membrane production in
Switzerland.  SIKA.S 
    * Komax  KOMN.S  said its FY EBIT Down At CHF 24.0 Mln
 KOMN.S 
    * Swissquote Group  SQN.S  o Propose Stable Dividend Of CHF
1.00/Shr  SQN.S 
    * Admicasa  ADMI.BN  said its FY Net Profit Turns To Loss Of
CHF 0.2 Million  ADMI.BN 
    * Crealogix  CLXN.S  said its H1 EBITDA was CHF 0.4 Mln.
 CLXN.S 
    * Novavest Real Estate  NREN.S Postpones AGM Until June
2020.  NREN.S 
    * Vetropack  VET.S  said it is to modify its capital
structure, plans a share split  VET.S 
    * Conzzeta  CONC.S  reports its FY Group Result Up At CHF
136.8 Million  CONC.S 
    * Schlatter Industries  STRN.S  FY Consolidated Result Down
At CHF 0.5 Mln.
    
    ANALYSTS' VIEWS
    ARYZTA AG  ARYN.S : CREDIT SUISSE CUTS TARGET PRICE TO CHF
0.30 FROM CHF 0.70
    SGS SA  SGSN.S : CREDIT SUISSE CUTS TARGET PRICE TO CHF 2150
FROM CHF 2750
    UBS  UBSG.S :  JP MORGAN CUTS TARGET PRICE TO CHF 12 FROM
CHF 14 
    NESTLE  NESN.S  JP MORGAN CUTS TARGET PRICE TO CHF 99 FROM
CHF 120 -
    
    
    ECONOMY
    * The Swiss government's economic forecasts scheduled for
Tuesday, March 17, have been postponed until March 19, the State
Secretariat for Economic Affairs said.
    

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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