Swiss stocks - Factors to watch on Aug 24
24/08/2017 06:33
ZURICH, Aug 24 (Reuters) - The following are some of the
main factors expected to affect Swiss stocks on Thursday:
BANK REGULATION
Switzerland will not relax regulations for its biggest banks
but will look to reduce complexity for smaller lenders, the head
of Swiss financial watchdog FINMA, Mark Branson, said on
Wednesday. urn:newsml:reuters.com:*:nL8N1L94GU
NOVARTIS NOVN.S
Novartis said its drug Kisqali (ribociclib) received
European Union approval as first-line treatment for a
tough-to-treat breast cancer, bolstering the Swiss drugmaker's
bid to challenge rival Pfizer's PFE.N Ibrance. urn:newsml:reuters.com:*:nFWN1LA01M
ROCHE ROG.S
The U.S. Food and Drug Administration granted priority
review to Roche's emicizumab for haemophilia A with inhibitors,
based on positive results of a phase III study. The FDA is
expected to make a decision on approval by February 23, 2018,
Roche said. urn:newsml:reuters.com:*:nFWN1LA016
COMPANY STATEMENTS CPR-CH
* Actelion: Johnson & Johnson's JNJ.N Global Actelion
Integration Officer told Swiss TV the integration process would
likely take two to three years and that the merger had not led
to an outflow of staff at Actelion.
* Vontobel VONN.S said regulatory authorities had approved
its new shareholder structure, initially announced in November
2016, notably the creation of a shareholder pool combining 50.7
percent of votes. VONN.S
* Swiss Prime Site's SPSN.S half-year profit fell to 141
million Swiss francs ($146.05 million) from 145.9 million francs
the year before. SPSN.S
* Sunrise SRCG.S increased its full-year earnings guidance
after net income more than doubled in the second quarter to 27
million francs. SRCG.S
* VAT Group VACN.S expects roughly 30 percent sales growth
in 2017 after order intake rose 45 percent in the first six
month. It posted net income of 59.5 million francs for the
period. VACN.S
* Implenia IMPN.S expects earnings before interest and
tax, business units to come in at just under 100 million francs
this year after earnings fell during the first half on Norwegian
portfolio adjustments and claims from the ongoing Letzigrund
Stadium court case. IMPN.S
* Liechtensteinische Landesbank's LLBN.S half-year net
profit rose 39.4 percent to 60 million francs. LLBN.S
* Thurguaer Kantonalbank TKBP.S saw net income rise 8.1
percent to 71.9 million francs during the first half-year but
expects a lower business performance for full-year 2017 after
what it called a very good prior year. TKBP.S
* Myriad Group MYRN.S intends to decide before end-2017
about a possible delisting from the SIX exchange after further
review following the completion of a rights issue. The group
expects further sales declines from existing products and
services, to be compensated by new revenues in 2018 and leading
back to revenue growth in 2019. MYRN.S
* Komax Holding KOMN.S expects second-half results to
improve over a 18.7 percent group profit fall and 0.8 percent
revenue fall in the first six months. KOMN.S
* Perrot Duval PEDU.S expects slight sales growth during
its current reporting year after net profit for the year ended
April 30 rose to 1.5 million francs and turnover rose 6 percent
to 46.4 million francs. PEDU.S
* Warteck Invest WARN.S saw consolidated net income fall
5.6 percent to 6.6 million francs after negative effects from
reevaluating its portfolio. WARN.S
* Sika SIK.S acquired ABC sealants, a leading Turkish
sealants and adhesives maker. SIK.S
ECONOMY M-CH
* Swiss industrial orders for the second quarter are due at
0715 GMT
($1 = 0.9654 Swiss francs)
(Reporting by Zurich newsroom)
((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com))
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