May 24, 2019 / 4:57 AM / 4 months ago

Swiss stocks - Factors to watch on May 24

ZURICH/BERLIN, May 24(Reuters) - The Swiss blue-chip SMI was seen opening 0.3% higher at 9,620 points on Friday, according to premarket indications by bank Julius Baer .

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

JULIUS BAER

Assets under management at the Swiss private bank rose 12% in the first four months of 2019 to a record 427 billion Swiss francs ($425.34 billion), helped by strong markets, exchange rates, fund inflows and an acquisition.

Shares indicated up 1.3%

The bank has drawn up a shortlist of internal as well as external candidates to select a new CEO, Bloomberg reported late on Thursday, adding that it could make a decision by the third quarter.

NESTLE

CEO due to speak at a business conference in Switzerland.

NOVARTIS

Chief Executive Vas Narasimhan said takeover targets in China for global pharmaceuticals groups are scarce due to few novel drugs, data quality fears and lagging regulatory standards in the most-populous country.

COMPANY STATEMENTS

* Airopack Technology Group AG: intention to delist Airopack’s shares from SIX Swiss Exchange; Jean-Baptiste Lucas resigns with immediate effect as CEO

* Sika said it completed its acquisition of Parex

* Phoenix Mecano AG: To Switch From IFRS To Swiss GAAP FER

RESEARCH

SONOVA HOLDING AG: MORGAN STANLEY RAISES TARGET PRICE TO SFR 201 FROM SFR 186

SONOVA HOLDING AG: BERENBERG RAISES PRICE TARGET TO SFR 210 FROM SFR 200

STRAUMANN HOLDING AG: JEFFERIES RAISES PRICE TARGET TO CHF 970 FROM CHF 755

ROCHE HOLDING AG: BARCLAYS RAISES PRICE TARGET TO SFR 320 FROM SFR 315

ECONOMY

Opposition from across the political spectrum will make it all but impossible for the Swiss government to sign a draft treaty with the European Union next month, sources close to the matter told Reuters. (Reporting by Zurich newsroom and Berlin Speed Desk)

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