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Swiss stocks - Factors to watch on August 14

Wed, 14th Aug 2019 06:15

ZURICH/BERLIN, Aug 14 (Reuters) - The Swiss blue-chip SMIwas seen opening 0.1 percent higher at 9,799 points onWednesday, according to premarket indications by bank JuliusBaer.

Here are some of the main factors that may affect Swissstocks:

STRAUMANN

The dental implant maker raised its full-year revenuetargets after reporting a better-than-expected second quarter onWednesday, citing the launch of its BLX implant in Europe,geographic expansions and double-digit growth in all regions.

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AMS

The company's 4.3 billion euro ($4.8 billion) offer forOsram is not a hostile takeover attempt, the Austriansensor maker's Chief Executive Alexander Everke told Swissnewspaper Finanz und Wirtschaft.

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Schindler

The elevator maker said its second-quarter net profit dived22.4% from previous year to 239 million francs dented byescalating wages and raw material costs.

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COMPANY STATEMENTS

* Ascom said net revenue declined 4.2% in the firsthalf of the year, adding that it would not achieve itspreviously communicated targets for the full year.

* Bell Food Group said its H1 operating profit fellto 116.8 million Swiss francs.

* HIAG Immobilien on Tuesday said it was haltingits multicloud platform project and was concentrating on itscore business.

* Meyer Burger Technology AG said it wasconsidering a request by a group of shareholders around SentisCapital PCC to hold an extraordinary shareholders meeting.

* Cham Group said it is planning to leave theSwiss Six Exchange, and plans over the counter trading and ashare buyback.

* VZ Holding reported H1 pretax profit of 60.2million Swiss francs.

ECONOMY

No major Swiss economic data scheduled($1 = 0.9759 Swiss francs)(Reporting by Zurich newsroom and Berlin Speed Desk)

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