May 3, 2019 / 4:27 AM / 7 months ago

Swiss stocks - Factors to watch on May 3

ZURICH/BERLIN, May 3 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1 percent lower at 9,737.5 points on Friday, according to premarket indications by bank Julius Baer .

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

SWISS RE

First-quarter net profit fell 6.1 percent to $429 million as claims from large losses offset a 5.5 percent rise in net premiums.

Shares indicated down 1.4 percent

UBS

UBS’s asset management segment is a central unit and part of the lender’s business model, Chairman Axel Weber reiterated in the NZZ newspaper after sources said Deutsche Bank is in talks with UBS over a possible tie-up with Deutsche’s asset management arm DWS.

COMPANY STATEMENTS

* SGS SA: acquires Chemical Solutions Ltd., USA

* Nestle SA: appoints Leanne Geale as general counsel

* Arbonia AG: wins order at Zurich Airport to provide doors worth around 8 million francs

RESEARCH

GEBERIT AG: CREDIT SUISSE RAISES TARGET PRICE TO SFR 460 FROM SFR 420

SWISSCOM AG: BARCLAYS RAISES TARGET PRICE TO SFR 410 FROM SFR 405

EX-DIVIDEND

Credit Suisse - 0.26 chf/shr dividend

Swiss Life - 16.50 chf/shr dividend

ECONOMY

* Swiss April CPI due at 0630 GMT. Seen +0.2 pct m/m, +0.7 pct y/y

* The Swiss consumer sentiment index slipped to -6.4 points in the second quarter from -4.0 points in Q1

Reporting by Zurich newsroom and Berlin Speed Desk

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