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瑞士股市指數回升;西卡和多肽集團股價上漲

-- 週二,瑞士藍籌股指數反彈,收盤上漲0.94%,投資人在消化最新經濟和企業財報的同時,也密切關注著地緣政治局勢的發展。 宏觀經濟方面,國際貨幣基金組織(IMF)在4月發布的《世界經濟展望》報告中,將2026年全球經濟成長預期下調至3.1%,較先前預期調降0.2個百分點。 IMF下調的前提是,中東持續衝突的持續時間和範圍仍然有限。 2027年,全球經濟成長預期仍維持在3.2%。 歐元區2026年和2027年的經濟成長預期均下調0.2個百分點,分別至1.1%和1.2%;英國的經濟成長預期則分別下調0.5個百分點和0.2個百分點,分別至0.8%和1.3%。 根據瑞士聯邦委員會消息,瑞士總統蓋伊·帕爾梅林和聯邦委員卡琳·凱勒-蘇特本週將出席在美國舉行的2026年國際貨幣基金組織和世界銀行春季會議以及二十國集團財長會議。瑞士國家銀行(SNBN.SW)理事會主席馬丁·施萊格爾也將隨團出席。 瑞士政府表示:「春季會議將聚焦全球經濟和發展政策挑戰。在當前地緣政治衝突和貿易緊張局勢下,瑞士尤其需要在多邊機構和雙邊接觸中倡導可靠的經濟關係和開放的市場。健康的公共財政、物價穩定以及穩健的全球貨幣和金融體系對於經濟韌性和持久繁榮也至關重要。」 企業方面,西卡(SIKA.SW)公佈第一季淨銷售額年減7%至24.9億瑞士法郎。受2.13億瑞士法郎的外匯影響,業績下滑。這家瑞士特種化學品集團將此主要歸因於瑞士法郎兌亞洲貨幣和美元的強勢。該公司重申了其2026年全年以當地貨幣計算的1%至4%的銷售成長預期。收盤時,該股上漲7.94%。 PolyPeptide Group (PPGN.SW) 的股價也上漲了4.46%,此前該公司披露,其正處於評估潛在戰略選擇的早期階段,旨在進一步提升股東的長期價值。儘管市場傳聞稱某些投資者對其表示出收購意向,但這家瑞士合約開發和製造企業表示,尚未就此評估做出決定。

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Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.

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Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled

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Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.

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