January 30, 2020 / 5:44 AM / 21 days ago

Swiss stocks - Factors to watch on January 30

ZURICH/BERLIN, Jan 30 (Reuters) - The Swiss blue-chip SMI was seen opening 0.7% lower at 10,785 points on Thursday, according to premarket indications by bank Julius Baer .

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

SWATCH GROUP

The group expects sales to fall further in key market Hong Kong this year after a marked drop in sales there spoilt the picture for the world’s biggest watchmaker in 2019.

Shares indicated down 4%

ROCHE

Roche 2019 net profit rises by a third, forecasts 2020 growth

For more, click on

COMPANY STATEMENTS

* Bucher Industries said it expected sales and net profit to fall this year after sales reached a record level in 2019.

* GAM Holding AG: Accepts decision of Six Exchange Regulation sanctions commission; will pay related financial penalty of CHF 400,000 and costs of approximately CHF 100,000

* Kuros Biosciences AG: reports publication of Magnetos preclinical data demonstrating superiority to market-leading synthetic bone grafts in spinal fusion

* Berner Kantonalbank: FY profit increased 1.5 percent to CHF 142.9 million; to propose an increase in the dividend to CHF 8.40 per share

RESEARCH

SGS SA: DEUTSCHE BANK RAISES TARGET PRICE TO CHF 3000 FROM CHF 2730

ECONOMY

Leading KOF business indicator for January due at 0800 GMT. Index seen rising to 97.0 points from 96.4 in December.

Reporting by Zurich newsroom and Berlin Speed Desk

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