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Swiss stocks - Factors to watch on Feb 12
February 12, 2016 / 6:26 AM / 2 years ago

Swiss stocks - Factors to watch on Feb 12

ZURICH, Feb 12 (Reuters) - The Swiss blue-chip SMI was seen opening 0.5 percent higher at 7,536 points on Friday, according to premarket indications by bank Julius Baer .

The following are some of the main factors expected to affect Swiss stocks:

JULIUS BAER

Singapore’s DBS Group Holdings and Oversea-Chinese Banking Corp as well as Swiss bank Julius Baer have submitted non-binding bids for Barclays’ Asian private wealth business, people familiar with the matter said.

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LAFARGEHOLCIM

The world’s biggest maker of cement said Eurocement and Russia’s Sberbank have reduced their stakes to under 3 percent.

Thomas Schmidheiny, who owns about 12 percent of LafargeHolcim’s shares, told a Swiss newspaper he has not sold shares in the biggest maker of building materials and stands by the decision to merger Switzerland’s Holcim and France’s Lafarge in 2015.

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SCHINDLER

Schindler posted 2015 net profit of 747 million Swiss francs ($766.78 million), down 17 percent from last year as the elevator and escalator maker was hurt by currency exchange rates and by price pressure, including in China.

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ZUERCHER KANTONALBANK

The local government-owned Swiss bank said net profit for 2015 rose 12 percent year-on-year to 722 million Swiss francs ($741.04 million).

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COMPANY STATEMENTS

* Novartis-owned Sandoz said it had strengthened its biosimilars portfolio with the acquisition of Pfizer’s biosimilar infliximab in EEA.

* In a fleet status report, Transocean said the total value of new contracts added since its October report was approximately $500 million.

* Sulzer said it had appointed Armand Sohet as chief human resources officer and member of the executive committee. Sohet joins Sulzer from General Electric.

* SGS announced the acquisition of CyberMetrix Inc. (CMX) based in the United States. CMX employs 50 staff and generated 2015 revenue in excess of $15 million, SGS said.

* Temenos said it sees 2016 non-IFRS revenue growth at constant currency exchange rates of 7.5 percent to 11 percent, implying that sales could rise up to $614 million.

* Flughafen Zuerich said passenger numbers in January rose 3.3 percent to 1.8 million.

* Clariant said that construction work has begun on a new, state-of-the art masterbatch production unit in Yanbu, Saudi Arabia.

* Zug Estates said net income for 2015 of over 67 million Swiss francs will be above the previous year’s result of 45.1 million francs, owing to its operating result and a surplus from the revaluation of investment properties.

* Graubuendner Kantonalbank said 2015 net profit rose 4.4 percent year on year to 168.2 million Swiss francs.

ECONOMY

Reporting by Zurich newsroom

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