Swiss stocks - Factors to watch on August 12

St Galler Kantonalbank AG

12/08/2014 07:19

ZURICH, Aug 12 (Reuters) - Swiss shares were seen edging 
slightly lower on Tuesday, pausing after a rally on Monday 
helped them claw back some of their recent losses. 
    The Swiss blue-chip SMI  .SSMI  was seen opening 0.1 percent 
lower at 8,325 points, according to premarket indications by 
bank Julius Baer  JBPRE01 . 
    The following are some of the main factors expected to 
affect Swiss stocks on Tuesday. 
     
    GEBERIT  GEBN.VX  
    Geberit AG  GEBN.VX  on Tuesday posted a 7.1 percent rise in 
first-half sales compared with a year earlier, and said it had 
every reason to be confident of achieving solid results in 2014. 
    For more, click on  GEBN.VX  
     
    GALENICA  GALN.S  
     Galenica  GALN.S  said on Tuesday it has appointed two new 
heads of its pharmaceutical and healthcare units ahead of 
separate listings of both arms at an undisclosed point in the 
future. 
    For more, click on  GALN.S  
     
       
    COMPANY STATEMENTS  CPR-CH  
    * GAM Holding  GAMH.S  said first-half net profit 
attributable to shareholders was 89.8 million Swiss francs and 
posted net new money inflows of 1.3 billion francs.  GAMH.S  
    * Sonova  SOON.VX  said board member major shareholders Andy 
Rihs had sold almost half a million shares in the company. After 
the sale, Rihs will still hold a 4.83 percent stake in Sonova. 
 SOON.VX  
    * Meyer Burger  MBTN.S  posted a 90 percent rise in incoming 
orders and net sales climbed 43 percent in the first six months 
on the year.  MBTN.S  
    * Tornos  TOHN.S  said the prospects of achieving a balanced 
operating result for the year look promising after new orders 
and sales improved in the first half of 2014 compared to the 
previous year.  TOHN.S  
    * St Galler Kantonalbank  SGKN.S  said it had acquired 
Vadian Bank AG from the Ortsbuergergemeinde St. Gallen, as net 
profit for the first half of the year amounted to approximately 
73 million Swiss francs (80.44 million US dollar).  SGKN.S  
    * LEM Holding SA  LEHN.S  said first-quarter sales stood at 
65 million francs.  LEHN.S  
    * Banque Cantonale de Geneve  BCGE.S  said half-year net 
profit rose by 16.2 percent on the year, and estimates 
profitability for 2014 to be slightly ahead of that for 2013. 
 BCGE.S  
    * Bank Linth  LINN.S  said net profit for the first six 
months rose by 30.4 percent compared to the same period last 
year.  LINN.S   
     
    ECONOMY  M-CH  
     
 
     
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Keywords: MARKETS SWISS STOCKS