February 26, 2019 / 5:26 AM / a month ago

Swiss stocks - Factors to watch on Feb. 26

ZURICH/BERLIN, Feb 26 (Reuters) - The Swiss blue-chip SMI was seen opening 0.23 percent lower at 9,376 points on Tuesday, according to premarket indications from bank Julius Baer.

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

PANALPINA

A proposal by Swiss logistics company Panalpina’s biggest shareholder to scrap a voting restriction which caps voting rights at 5 percent has been attacked by activist investor Cevian.

SWATCH GROUP

The watchmaker has filed a complaint against Samsung Electronics and Samsung Electronics America, saying the two companies infringed its trademark on designs for downloadable smart watch faces.

CREDIT SUISSE

The second biggest Swiss bank on Tuesday elevated Lara Warner to the post of group chief risk officer amid a reshuffle of its executive board.

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NESTLE

The food group is committed to a steadily rising dividend and to frequently changing and rejuvenating its board of directors, Chief Executive Mark Schneider told investors.

Additionally, Nestle has hired bankers at Rothschild to sell its Herta packaged meat business, two sources familiar with the matter told Reuters.

NOVARTIS

The Swiss drugmaker said its Alcon eyecare unit’s 2018 IFRS reported operating loss more than tripled from the previous year to $248 million, the company said in documents ahead of the division’s planned spin off to shareholders.

SWISS LIFE

The Swiss life insurer’s net profit rose 7 percent in 2018 to 1.1 billion Swiss francs.

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IMPLENIA

The Swiss construction company slashed its proposed dividend for 2018 to 0.50 francs per share, down from 2 francs, after encountering problems in Norway, South Baden and at a subsidiary of Implenia Construction Germany in Poland that led to a loss of 0.28 francs per share.

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COMPANY STATEMENTS

* Also Holding reported a 6 percent rise in FY EBITDA profit and proposed to increase its dividend to 3.00 euros per share.

* Geberit said Joergen Tang-Jensen to step down from the Board of Directors at the General Meeting in April 2019.

* SIG Combobloc said it is targeting an adjusted EBITDA margin of 27-28 percent in 2019 after reporting full-year 2018 core revenue rose 6.4 percent to 1.64 billion euros.

* Arbonia said its 2018 group result rose 2.8 percent to 38.7 million francs.

* PSP Swiss Property said net income in 2018 stagnated from the year earlier. It is boosting its dividend to 3.50 francs, from 3.40 francs.

* Banque Cantonale De Geneve said full-year net profit rose 11.7 percent to 91.2 million francs.

* Bellevue Group said its FY net profit was down nearly 7 percent to 20.0 million francs.

* Julius Baer said it entered a partnership for digital asset services with Seba Crypto.

* Bell Food Group said it has nominated Doris Leuthard as the new member of the Board of Directors.

ANALYSTS’ VIEWS

LAFARGEHOLCIM - Credit Suisse initiates coverage with “outperform” rating and target price of 64 Swiss francs

ECONOMY

No major economic data due (Reporting by Zurich newsroom and Berlin Speed Desk)

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