Swiss stocks - Factors to watch on February 3

U Blox Holding AG

03/02/2021 07:01

ZURICH/BERLIN, Feb 3 (Reuters) - The Swiss blue-chip SMI
 .SSMI  was seen opening 0.2% higher at 10,828 points on
Wednesday, according to premarket indications from bank Julius
Baer  JBPRE01 .
    Here are some of the main factors that may affect Swiss
stocks:
    
    STOCK TRADING
    The Swiss government has given the green light for trading
of Swiss companies' shares on British exchanges to resume, the
Swiss financial markets supervisor FINMA said on Wednesday
 urn:newsml:reuters.com:*:nZ8N2HS01F
    
    UBS GROUP  UBSG.S 
    UBS completed on Tuesday its 2018-2021 share repurchase
programme, buying back just over 4% of its registered share
capital that it plans to cancel if shareholders approve, the
bank said on Wednesday  urn:newsml:reuters.com:*:nFWN2K81I9
    
    SWISS NATIONAL BANK
    The benefits of negative Swiss rates outweigh the
disadvantages, Swiss National Bank policymaker Andrea Maechler
said on Tuesday  urn:newsml:reuters.com:*:nZ8N2HS017
      
    COMPANY STATEMENTS
    * Sika AG  SIKA.S : extends product portfolio for Sweden's
mining industry  urn:newsml:reuters.com:*:nFWN2K81K1
    * Conzzeta AG  CONC.S : posted net revenue of CHF 1,283.5
million in 2020; now expects for 2020 an operating result (EBIT)
in range of CHF 75 million to 80 million  urn:newsml:reuters.com:*:nASN000SFR
    * Bellevue Group AG  BBN.S : expands its product offering in
field of private equity  urn:newsml:reuters.com:*:nFWN2K81I8
    * Energiedienst Holding AG  EDHN.S : 2020 EBIT is expected
to be only moderately below the original forecast EBIT of 41
million euros  urn:newsml:reuters.com:*:nFWN2K81A0
    
    ANALYSTS' VIEWS
    * BUCHER INDUSTRIES AG  BUCN.S : BERENBERG RAISES TARGET
PRICE TO CHF 530 FROM CHF 420
    * U BLOX HOLDING AG  UBXN.S : CREDIT SUISSE RAISES TARGET
PRICE TO CHF 63 FROM CHF 55
    * COMET HOLDING AG  COTNE.S : CREDIT SUISSE RAISES TARGET
PRICE TO CHF 244 FROM CHF 180
    * MOODY'S ASSIGNS B3 CFR TO IDERA UNDER PARTNERS GROUP
 PGHN.S  OWNERSHIP; OUTLOOK STABLE
    
    ECONOMY
    No major Swiss economic data scheduled
    

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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