April 25, 2019 / 4:41 AM / a month ago

Swiss stocks - Factors to watch on April 25

ZURICH/BERLIN, April 25 (Reuters) - The Swiss blue-chip SMI was seen opening little changed at 9,657 points on Thursday, according to premarket indications by bank Julius Baer .

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

UBS

Switzerland's biggest bank posted a $1.14 billion net profit for the first quarter of 2019 as a pickup in market conditions dampened a hit to trading revenues and client activity.

The 27 percent drop in earnings still beat the median net profit estimate in an Infront Data poll for a 46 percent slide to $848 million. The bank's own consensus pointed to a $902 million bottom line.

Shares indicated up 1.6 percent.

KUEHNE UND NAGEL

The freight-forwarding group reported a 2.5 percent increase in its first-quarter core earnings, citing expansion in operating results for sea freight and overland divisions. Earnings before interest and tax (EBIT) rose to 242 million Swiss francs ($237.25 million) from 236 Swiss francs in the year-ago period, it said in a statement.

SWISS NATIONAL BANK

The Swiss National Bank reported a first-quarter profit of 30.7 billion Swiss francs ($30.10 billion), highlighting the volatility its massive balance sheet creates for the central bank's earnings.

SULZER

Chairman Peter Loescher bought stock in the company in December and now holds nearly 20,000 shares worth around 2 million Swiss francs, Handelszeitung reported.

COMPANY STATEMENTS

* Julius Baer Gruppe AG: launches wealth management joint venture with Siam Commercial Bank in Thailand

* Valora Holding AG: wins all kiosk and convenience outlets put out to tender by the SBB

* Panalpina Welttransport Holding AG: will acquire Colombian company Cargomaster S.A. and Laseair S.A. in Ecuador subject to conditions

* Tornos Holding has said it would buy back a 30 percent minority stake.

* Bucher Industries AG said net sales in the first quarter amounted to 824 million Swiss francs.

JULIUS BAER GRUPPE AG: CITIGROUP CUTS TO NEUTRAL RATING

NOVARTIS AG: JP MORGAN CUTS TARGET PRICE TO SFR 78 FROM SFR 85

NOVARTIS AG: HSBC RAISES TARGET PRICE TO SFR 83

NOVARTIS AG: LIBERUM RAISES PRICE TARGET TO SFR 91 FROM SFR 88

ECONOMY

*No major economic data scheduled.

$1 = 1.0205 Swiss francs Reporting by Zurich newsroom and Berlin Speed Desk

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