ZURICH/BERLIN, Feb 22(Reuters) - The Swiss blue-chip SMI was seen opening 0.1% lower at 11,270 points on
Wednesday, according to premarket indications by bank Julius
Baer .
Here are some of the main factors that may affect Swiss
stocks:
CREDIT SUISSE The Swiss financial regulator is reviewing remarks made by
Credit Suisse Group Chairman Axel Lehmann about outflows from
the lender having stabilised in early December, two people with
knowledge of the matter have told Reuters. RICHEMONT Richemont is being targeted by French luxury group LVMH , reported Finanz und Wirtschaft. SCHINDLER Swiss elevator and escalator manufacturer Schindler said on
Wednesday it expects low single-digit revenue growth in local
currencies for 2023, citing the ongoing slowdown of the global
economy, combined with the pressure on the real estate and
construction sectors. EFG INTERNATIONAL EFG International's net profit fell 1.7% to 202.4 million
Swiss francs ($218.50 million) last year, the Swiss private bank
said on Wednesday, as it settled legal proceedings related to a
client relationship with a Taiwanese insurance
company. COMPANY STATEMENTS
*Givaudan said it is to acquire a portfolio of
major cosmetics ingredients from Amyris .
*Garmin Ltd is set to release its full-year
results.
*Transocean reported a quarterly adjusted loss of
49 cents?? per share for the quarter ended in December.
*Medmix AG targets 5% to 7% growth in revenue in
2023.
*Siegfried reported full-year adjusted net income
of 127.8 million Swiss francs ($137.86 million). ANALYSTS' VIEWS
SWISSCOM : HSBC RAISES TARGET PRICE TO CHF 630 FROM
CHF 600
SIKA AG : CREDIT SUISSE CUTS TARGET PRICE TO CHF 350
FROM CHF 367
IDORSIA LTD : JEFFERIES CUTS TARGET PRICE TO CHF 13
FROM CHF 16.2
TEMENOS AG : JEFFERIES RAISES TARGET PRICE TO CHF 66
FROM CHF 55
TEMENOS AG : CITIGROUP RAISES PRICE TARGET TO CHF 72
FROM CHF 70
TEMENOS AG : DEUTSCHE BANK RAISES TARGET PRICE TO
CHF 60 FROM CHF 55
ECONOMY
Swiss February Investor Sentiment due at 0900 GMT
($1 = 0.9270 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
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