March 1, 2019 / 5:50 AM / 9 months ago

Swiss stocks - Factors to watch on March 1

ZURICH/BERLIN, March 1 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent higher at 9,406 points on Friday, according to premarket indications by bank Julius Baer .

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

ROCHE

The U.S. Food and Drug Administration said it approved a new formulation of Genentech’s Herceptin for subcutaneous use.

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UBS

The bank has hired consumer and retail banker Romitha Mally as vice chairman for investment banking, according to an internal memo sent out on Thursday which a UBS spokeswoman confirmed.

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RAIFFEISEN SCHWEIZ

The bank reported net new money of 6.3 billion Swiss francs during 2018 and a 41 percent decline in group profit to 541 million Swiss francs due to in the value in the value its holdings and its acquisition of Arizon Sourcing.

COMPANY STATEMENTS

* Lonza said it has completed its $630 million divestment of its water care business.

* Oerlikon said it has completed the sale of its Drive Systems Segment to Dana Incorporated in a deal which valued the business at 600 million Swiss francs ($600.90 million).

* Calida Holding reported a 5.3 percent increase in FY 2018 net income to 17.8 million Swiss francs.

* Schaffner Holding said its board of directors nominated Christian Herren as new CFO, succeeding Kurt Ledermann.

* Admicasa Holding said it expects its FY 2018 EBIT to be just under CHF 1.4 Mln.

* VZ Holding said its 2018 net profit rose 13.1 percent to 98.2 million francs.

* LumX Group said it has decided to terminate its activities as a manager of collective investment schemes in Switzerland.

ANALYSTS’ VIEWS

KUEHNE & NAGEL - Bernstein raises to “outperform” from “market-perform”.

ECONOMY

* Swiss January retail sales due at 0730 GMT

* Swiss February manufacturing PMI due at 0830 GMT. Seen at 53.6, down from 54.3 ($1 = 0.9985 Swiss francs) (Reporting by Zurich newsroom and Berlin Speed Desk)

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