Swiss stocks - Factors to watch on February 26
26/02/2020 06:48
ZURICH/BERLIN, Feb 26 (Reuters) - Here are some of the main
factors that may affect Swiss stocks on Wednesday:
CORONAVIRUS
A 70-year old man tested positive for the coronavirus in the
southern canton of Ticino, on the border with Italy, Swiss
health authorities said on Tuesday, confirming the first case in
the Alpine country. urn:newsml:reuters.com:*:nL8N2AP0QD
China and South Korea reported 500 new coronavirus cases on
Wednesday, including the first U.S. soldier to be infected, as
the United States warned of an inevitable pandemic and an
outbreak in northern Italy spread to several European countries.
urn:newsml:reuters.com:*:nL3N2AP0BC
ABB ABBN.S
ABB will pay its former Chief Executive Ulrich 13 million
Swiss francs ($13.32 million) after he left the company, the
Swiss engineering company said in its annual report published on
Wednesday. urn:newsml:reuters.com:*:nZ8N26M00H
ADECCO ADEN.S
The staffing company reported better-than-expected net
profit during its fourth quarter and said it was conscious of
disruption to manufacturing supply chains caused by the
coronavirus outbreak.
COMPANY STATEMENTS
* EFG International EFGN.S said its fiscal year operating
profit rose by 112.3% to 172.6 Mln Sfr.
* SenioResidenz SENIO.BN reported its fiscal year EBIT up
at CHF 2.8 million.
* Georg Fischer FIN.S reported that its fiscal year EBIT
amounted to CHF 281 million.
* Zehnder Group ZEHN.S said its fiscal year net profit
rose by 31% To EUR 31.9 million ($34.67 million).
* Activist investor Rolf Elgeti buys a 3.28% stake in
Achiko. ACHI.S
* Orior ORON.S posted fiscal year revenues of 596.4
million Swiss francs, an increase of 3.4% from previous year.
* Allreal ALLN.S posted a fiscal year profit including
revaluation effect increases at 234.8 million Swiss francs.
* Alcon ALCC.S posted a fiscal year operating loss of $187
million.
* Swiss stock exchange SIX said it had invested in Omniex, a
provider of an institutional trading platform for digital
assets.
ANALYSTS' VIEWS
* SIG COMBIBLOC SIGNC.S : Credit Suiss raises traget price
to 17.30 CHF from 16 CHF
* SWISSCOM AG SCMN.S : HSBC raises target price to CHF 630
from CHF 530
* SCHINDLER HOLDING SCHP.S : Berenberg initiates with
rating hold and pt CHF 220
ECONOMY
*Swiss February investor sentiment due at 0900 GMT
($1 = 0.9201 euros)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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