Swiss stocks - Factors to watch on Aug 29

Zug Estates Holding AG

29/08/2014 07:20

ZURICH, Aug 29 (Reuters) - Swiss stocks were seen edging 
slightly higher on Friday, regaining some of the previous 
session's losses.  
    The Swiss blue-chip SMI  .SSMI  was seen opening up 0.1 
percent at 8,630 points, according to premarket indications by 
bank Julius Baer  JBPRE01 . 
    The following are some of the main factors expected to 
affect Swiss stocks on Friday:     
       
    COMPANY STATEMENTS  CPR-CH  
    * Swisscom  SCMN.VX  said the Competition Commission has 
given the go-ahead for its takeover of PubliGroupe, which will 
take place on Sept. 5.  SCMN.VX  
    * PubliGroupe  PUBN.S  said in its first-half results it 
expects consolidated net revenue of around 150 million Swiss 
francs for 2014, excluding media sales.  PUBN.S  
    * Cembra Money Bank  CMBN.S  reported net income of 64.7 
million Swiss francs in the first six months of 2014, as it 
confirmed its full-year guidance.  CMBN.S  
    * Edmond de Rothschild Suisse SA  RLD.S  said the net inflow 
of fresh money in the first half of the year was 800 million 
Swiss francs, with assets under management totaling 110 billion 
francs.  RLD.S  
    * Bachem Holding AG  BANB.S  confirmed its guidance of sales 
and profit growth for the current year after posting a 6.1 
percent rise in first-half sales.  BANB.S  
    * Zug Estates Holding AG  ZUGN.S  said first-half net income 
was 21.2 million Swiss francs, a fall compared to the same 
period last year.  ZUGN.S   
    * Adval Tech Holding AG  ADVN.S  posted first-half net 
profit of 1.6 million Swiss francs, compared with a loss of 0.9 
million francs in the same period last year.  ADVN.S  
    * Baloise Holding  BALN.VX  said it had completed the sale 
of Basler Versicherungs-Aktiengesellschaft in Austria to 
Helvetia Group  HELN.S .  BALN.VX  
    * Straumann  STMN.S  and ClearChoice said they would partner 
to offer a new range of implant and prosthetic options to the 
ClearChoice affiliated network of dental implant care centers. 
 STMN.S  
    * Intershop  IS.S  posted net profit of 24.5 million Swiss 
francs for the first six months of the year.  IS.S  
     
    ECONOMY  M-CH  
    * Switzerland's lead indicator due at 0700 GMT. Analysts 
expect the KOF economic barometer to fall to 97.8 points in 
August from 98.1 points in July.  ECONCH   
 
     
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Keywords: MARKETS SWISS STOCKS