September 1, 2017 / 4:48 AM / a year ago

Swiss stocks - Factors to watch on Sept 1

ZURICH, Sept 1 (Reuters) - The Swiss blue-chip SMI was seen opening 0.1 percent higher at 8,933 points on Friday, according to premarket indications by bank Julius Baer .

The following are some of the main factors expected to affect Swiss stocks:


The company’s new gene-modifying cancer therapy’s $475,000-per-patient sticker price has drawn fire from advocate groups calling for cheaper drugs, but analysts said the Swiss drugmaker may initially struggle to break even.

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Sonova Friday named Arnd Kaldowski as its new chief executive as the Swiss company renews leadership following acquisitions and product introductions aimed at protecting its perch as the world’s largest hearing aid maker.

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Zurich said it has hired Alison Martin as its new chief risk officer, taking over from Cecilia Reyes.

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* Also Holding said it completed successful placement of a promissory note for 154 million euros ($183.24 million)

* Orior said it has issued a 110 million franc bond with a coupon of 0.625 percent and a maturity of 6 years.

* CFT said first-half net profit group share was at 27.4 million Swiss francs.

* IVF Hartmann said first-half net income was down 10.5 percent at 7.5 million Swiss francs.

* Bachem said Anne-Kathrin Stoller will succeed José de Chastonay as chief marketing officer on Jan. 1, 2018.

* Givaudan said it has completed the acquisition of Vika B.V.

* Mikron said its board of directors is proposing Paul Zumbuehl be elected to the board at the next ordinary annual general meeting on April 12, 2018.

* Zug Estates said first-half property income grew 5.4 percent year on year to 20.8 million Swiss francs.

* Conzzeta announced the closing of its Otto Bock Kunststoff acquisition.

* PLAZZA said first-half net profit excl. revaluation at 4.2 million Swiss francs.


* Retail sales data for July due at 0715 GMT.

* Manufacturing PMI data for August due at 0730 GMT.

$1 = 0.8404 euros Reporting by Zurich newsroom

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