Swiss stocks – Factors to watch on July 22

ZURICH, July 22 (BestGrowthStock) – Swiss shares are set to open
lower on Thursday after a number of major Swiss companies
reported results.

The Swiss blue-chip index SMI(.SSMI: ) was indicated to fall
33 points to 6,100 points, premarket data provided by bank
Clariden Leu showed.(CLPRE: )

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

ABB (ABBN.VX: )

Swiss engineering group ABB said it felt more confident
about the recovery of most markets as its orders rose five
percent to $7.665 billion.

For related news, click on [ABBN.VX]

CREDIT SUISSE (CSGN.VX: )

Swiss bank Credit Suisse posted net profit of 1.6 billion
Swiss francs ($1.52 billion), above forecasts, and continued to
attract money from wealthy clients, the company said on
Thursday.

For related news, click on [CSGN.VX]

LONZA (LONN.VX: )

Swiss pharma supplier Lonza posted net profit of 135 million
Swiss franc ($128.3 million), beating forecasts, and said it
would continue to generate new business that improves
profitability of assets and strengthens cash flow generation.

For related new, click on [LONN.VX]

ROCHE (ROG.VX: )

Swiss drugmaker Roche reported a sales rise to 24.6 billion
Swiss francs in the first half of 2010 and confirmed its
outlook.

For related news, click on [ROG.VX]

SYNGENTA (SYNN.VX: )

Swiss agro-chemicals group Syngenta reported a net profit of
$1.25 billion and sales of $6.74 billion in the first half

For related news, click on [SYNN.VX]

SULZER (SUN.S: )

The company posted net profit of 111.7 million Swiss francs
and said it continued to expect a healthy profitability.

For related news, click on [SUN.S]

ECONOMY [M-CH]

COMPANY STATEMENTS [CNR-CH]

* Alternative asset manager Altin (ALTN.S: ) said on Wednesday
its board decided to launch a share buyback programme to acquire
up to 10 percent of the company’s share capital.

* Phoenix Mecano (PM.S: ) said dynamic growth continues [PM.S]

* Adval Tech (ADVN.S: ) reports large order from the
automotive industry [ADVN.S]

EQUITY RESEARCH [CH-RCH]

* UBS raises Novartis (NOVN.VX: ) price target to Sfr 73 from
Sfr 70; rating buy [NOVN.VX]

* UBS raises Julius Baer (BAER.VX: ) price target to Sfr 34
from Sfr 32; rating neutral [BAER.VX]

FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON:

(.EX.S: ) for all Swiss stocks

(.EXSMI.S: ) for blue chips

(.EXNSMI.S: ) for other stocks

Stock Market Money

Swiss stocks – Factors to watch on July 22