January 23, 2019 / 5:54 AM / 3 months ago

Swiss stocks - Factors to watch on Jan. 23

ZURICH/BERLIN, Jan 23 (Reuters) - The Swiss blue-chip SMI was seen opening 0.2 percent lower at 8,950 points on Wednesday, according to premarket indications by bank Julius Baer.

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

BARRY CALLEBAUT

The company is counting on sales momentum to accelerate later this year after a first-quarter where volumes rose just 1.7 percent, just short of expectations.

COMPANY STATEMENTS

* Zur Rose Group said its full year revenue rose 20.8 percent in local currencies to 1.2 billion Swiss francs.

* Basel Country Cantonal Bank said four members of its bank council are due to step down at the end of June when their terms of office expires.

* Sika has launched an offering for up to 1.3 billion Swiss francs in mandatory subordinated convertible notes, the chemicals maker said.

* Meyer Burger said it has nominated Remo Luetolf and Andreas R. Herzog as new independent members of its board of directors.

* Warteck Invest said it has won a contract for building rights at the Dreispitz in Basel.

* Autoneum said its full year sales increased 3.8 percent to 2.28 billion Swiss francs.

* Clariant said it is partnering with ExxonMobil and Renewable Energy Group to advance research in Cellulosic Biofuel.

ANALYSTS' VIEWS

* Logitech International - JP Morgan raises to "overweight" from "neutral"

* SIG Combibloc is initiated by Deutsche Bank with a buy rating and a 14 Swiss franc target price.

* SGS - Deutsche Bank cuts its target price to 2,640 Swiss francs from 2,750 francs.

ECONOMY

No major economic data scheduled. ($1 = 0.9973 Swiss francs) (Reporting by Zurich newsroom and Berlin Speed Desk)

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