February 6, 2020 / 6:11 AM / 12 days ago

Swiss stocks - Factors to watch on February 6

ZURICH/BERLIN, Feb 6 (Reuters) - The Swiss blue-chip SMI was seen opening up 0.6% at 11,054 points on Thursday, according to premarket indications by bank Julius Baer .

Here are some of the main factors that may affect Swiss stocks :

SWISSCOM

Switzerland’s largest telecoms provider boosted net income by nearly 10% even as price erosion ate into full-year sales.

IDORSIA

It reiterated that it will be able to boost its cash reserves needed to get to break-even after 2019 spending on its pipeline including its lead insomnia drug candidate pushed the Swiss biotech to a full-year loss.

DAETWYLER

Asset impairment charges and one-off costs from the sale of distribution companies resulted in a net loss of 86.6 million francs in 2019.

COMPANY STATEMENTS

Schmolz + Bickenbach said it had launched offer to repurchase Senior Secured Notes following a change of control event

ANALYSTS’ VIEWS

ABB LTD ABBN.S: BARCLAYS RAISES TARGET PRICE TO CHF 28.50 FROM CHF 26

ECONOMY

No economic data scheduled.

Reporting by Zurich newsroom and Berlin Speed Desk

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below