August 20, 2019 / 4:57 AM / 2 months ago

Swiss stocks - Factors to watch on August 20

ZURICH/BERLIN, Aug 20 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1% higher at 9,839 points on Tuesday, according to premarket indications by bank Julius Baer .

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

COMPANY STATEMENTS

* Meier Tobler said it returned to a small profit in the first half of 2019, from a 7.3 million franc loss a year earlier, as sales of warehouse goods at a business it is shuttering were better than expected. Sales in its continuing businesses fell 4.2% to 236.9 million francs.

* Implenia said its consolidated first-half profit fell to just 500,000 Swiss francs, from 8.9 million francs in the year-earlier period, as the construction company reorganises. It confirmed its midterm EBITDA target.

* Thurgauer Kantonalbank said Max Soller and Axel Vietze will leave their posts on the board

* Luzerner Kantonalbank said its first-half profit was 100.5 million francs, roughly matching last year's figure.

* Komax said it had a challenging first-half amid weakness in the automotive industry, as order intake fell 19.2%, revenues slipped 14.2% and group profit plunged nearly two-thirds to 10.7 million francs.

* Kuros Biosciences said its net loss was stable at 5.2 million francs in the first half, draining its cash reserves down to 13.4 million francs

* Schlatter Industries said its operating result (EBIT) rose to CHF 1.9 million in the first half of 2019.

* VP Bank said its total operating income in the first half rose 10%.

* Bellevue Group sold its Bank am Bellevue unit to KBL Epb, as it focuses on asset management and private market activities.

ANALYSTS' VIEWS

ZURICH INSURANCE GROUP AG: Jefferies raises to "buy" from "hold"

ECONOMY

July trade data due at 0600 GMT. (Reporting by Zurich newsroom and Berlin Speed Desk)

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