Swiss stocks - Factors to watch on November 17

SFS AG

17/11/2020 05:56

ZURICH/BERLIN, Nov 17(Reuters) - Here are some of the main
factors that may affect Swiss stocks on Tuesday:
    
    CORONAVIRUS
     The Swiss National Bank's room for maneuver in monetary
policy has been limited by the coronavirus pandemic, Vice
Chairman Fritz Zurbruegg said on Monday. The central bank spent
90 billion Swiss francs ($98.67 billion) in the first half of
2020, significantly more than in each of the last four years, to
dampen demand for the safe-haven Swiss franc, he said at a
web-cast event.  urn:newsml:reuters.com:*:nL8N2I25ZZ
          
    COMPANY STATEMENTS:
    * Komax  KOMN.S  said it would cut 70 jobs as a result of
the consultation process carried out at the company's two Swiss
locations.  urn:newsml:reuters.com:*:nFWN2I21G3
    * Valora  VALN.S  announced the launch of a placement of up
to 440,000 shares by way of an accelerated bookbuilding to
increase financial flexibility and to implement strategic
priorities.  urn:newsml:reuters.com:*:nFWN2I21G3   
    * SFS  SFSN.S  now expects its operating results for the
second half of the year to be significantly better than
previously projected, with full-year sales of between 1.63 to
1.68 billion Swiss francs and an EBIT of between 180 million to
200 million Swiss francs.
    
    EXTRAORDINARY SHAREHOLDER MEETING 
    Richemont  CFR.S  holds an extraordinary shareholder meeting
to vote on a shareholder loyalty scheme.
    
    ANALYSTS' VIEWS
    * DUFRY AG  DUFN.S : RBC INITIATES WITH UNDERPERFORM RATING
AND CHF 45 PRICE TARGET
    * SONOVA HOLDING AG  SOON.S :CREDIT SUISSE RAISES TARGET
PRICE TO CHF 270 FROM CHF 265 
    
    ECONOMY
    No major economic data due.
 
($1 = 0.9121 Swiss francs)

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