May 31, 2019 / 4:43 AM / 3 months ago

Swiss stocks - Factors to watch on May 31

ZURICH/BERLIN, May 31 (Reuters) - The Swiss blue-chip SMI was seen opening -0.2 percent lower at 9,525 points on Friday, according to premarket indications by bank Julius Baer .

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


The company is moving some manufacturing out of China into places like Vietman, Malaysia and the Philippines to respond to the U.S.-Chinese trade conflict, CEO Bracken Darrell told CNBC.


Packaging maker Aluflexpack is preparing to launch a stock market flotation in Zurich early next week, hoping to benefit from robust capital markets, people close to the matter said.


* EFG International said it will launch its previously announced share buyback of up to 8 million of its shares - equivalent to 2.7 of its share capital - on June 3 and run until June 30 2020.

* SHL Telemedicine said the Swiss Takeover Board has ordered the mandatory offer price for the company to be reduced by 1 Swiss franc to 7.70 francs per share.


* Swiss April retail sales data at 0630 GMT

* Fitch Ratings said Swiss loan-to-value ratios are sustainable with strong recovery rates calculated under stressed market value decline assumptions, despite slow amortisation.

Reporting by Zurich newsroom and Berlin Speed Desk

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