Recent Swiss Stock Market News
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[2009/6/20]
Holcim: Analysts Rating Changes After Acquisitions and Capital Increase
Holcim substantially expands its Australian business through the acquisition of Cemex Australia. Additionally, Holcim affirms its strategic partnership in China through the participation in the planned private placement of Huaxin ...
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[2009/6/20]
Givaudan: Bordier Maintain PLUS
The company has all the qualities of an excellent defensive stock: financial strength, technology platform, focus on high added value products, defensive characteristics and potential stemming from the integration of Quest. Althou...
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[2009/5/15]
Nestlé: Bordier Maintains Plus
Nestlé is a safe investment in the Food & Beverage sector. The strength of its pricing power and its ability to deliver sustained growth in an environment of depressed consumer spending are guarantees for 2009: organic ...
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[2009/5/11]
Zurich Financial Services: HypoSwiss Rates Buy
Zurich Financial Services is an international insurer with three principal divisions, Non-life Insurance, Life Insurance and Farmers Management Services. In Non-life Insurance, the company is a diversified global player, and is in...
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[2009/5/8]
UBS: Bordier Confirms PLUS-R
This announcement, of which we already knew the main points — with a CHF 2 billion loss — turned out in the end to be better than expected. Shareholders’ equity remains solid (Tier 1 = 11% pro forma), cash withdr...
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[2009/4/22]
St. Galler Kantonalbank: Kepler Capital Markets Maintains BUY
Analysis: Net profit declines by 24.5%, also impacted by higher GW amorisation charges from the AIB acquisition (see preview), excluding this, net profit would have been CHF186.3m (-17.8%). In these difficult market conditions, as...
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[2009/4/22]
Zurich Financial Services: Bordier Confirms PLUS
ZFS has announced the acquisition of AIG’s motor vehicle insurance business in the United States at a price of $1.9 billion, corresponding to 1x tangible shareholders’ equity. The transaction makes perfect strategic se...
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[2009/4/15]
Lonza: Bordier Downgrades to MINUS
We are changing our recommendation from PLUS to MINUS for two main reasons: good relative performance since the start of 2009 (approximately 20%) and the valuation which has become high in comparison with the sector. Despite robus...
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[2009/4/15]
Givaudan: Bordier Confirms PLUS
Sales figures for Q1 2009 published by Givaudan were lower than expected. The negative performance is explained mainly by stock clearance. However, the company has held its EBITDA margin target at 22.7% although the market had bee...
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[2009/3/27]
Lindt & Sprungli. Bordier Confirms Plus
Alongside Danone and Nestlé, shares recommended by Bordier & Cie in the Food sector (neutral code), we regard Lindt as a safe investment with many qualities. Its defensive characteristics (premium position) and robust f...
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