August 13, 2019 / 4:33 AM / 3 months ago

Swiss stocks - Factors to watch on August 13

ZURICH/BERLIN, Aug 13 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2% lower at 9,742 points on Tuesday, according to premarket indications by bank Julius Baer .

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

NOVARTIS

U.S. Senate Finance Committee Chairman Chuck Grassley has sought more information from Novartis on the reasons for “intentional withholding” of data related to its $2 million gene therapy, Zolgensma.

SWISS LIFE

Adjusted H1 profit from operations up 6% against the prior-year period to CHF 846 million; net profit rose by 10% to CHF 617 million

Shares indicated up 1.9%

AMS

Osram Licht said it would consider a takeover by AMS that trumps a competing bid by Bain and Carlyle.

COMPANY STATEMENTS

* Daetwyler said its H1 net result increased by 5.9% to 66.2 million Swiss francs.

* Tornos Holding AG: H1 net sales of CHF 117.2 million (first half of 2018: CHF 104.0 million, +12.7%); operating result (ebit) CHF 8.9 million (+62.0%); net result CHF 9.0 million (+65.5%)

* Ascom Holding names Dominik Maurer as CFO as of Oct. 10

* shareholder group around Sentis Capital requests that EGM be convened to discuss election of additional member to board of directors of Meyer Burger Technology

* Basilea Pharmaceutica AG: starts phase 1/2 study with derazantinib in urothelial cancer

* Bank Linth LLB AG: H1 profit increased by 6.3 percent to CHF 12.9 million

* Bank Cler AG: appoints Mariateresa Vacalli as new chief executive officer (CEO) and Philipp Lejeune as new chief financial officer (CFO)

* Arbonia AG: H1 EBITDA grew to CHF 52.3 million from CHF 40.5 million compared to same period in previous year (+29%)

RESEARCH

ADECCO GROUP AG: CFRA CUTS TARGET PRICE TO CHF 62 FROM CHF 67

ECONOMY

No major Swiss economic data scheduled (Reporting by Zurich newsroom and Berlin Speed Desk)

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