Swiss stocks – Factors to watch on March 24

ZURICH, March 24 (BestGrowthStock) – Swiss stocks are poised to open
slightly firmer on Wednesday, moving in line with other markets
across Europe after a rally on Wall Street in the previous
session.

The Swiss blue-chip index SMI(.SSMI: ) was indicated to open
14 points higher at 6,891 points, according to premarket data
provided by bank Clariden Leu.(CLPRE: )

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

OERLIKON (OERL.VX: )

A recapitalisation plan for Oerlikon that includes a
billion-Swiss franc rights issue will solve the technology
group’s financial woes, a Swiss paper quoted Viktor Vekselberg,
the firm’s biggest shareholder, as saying.

For related news, click on [OERL.VX]

LONZA (LONN.VX: )

Swiss drugs industry supplier Lonza is in talks to buy over
51 percent stake in India’s Aptuit Laurus in a deal valued at
$77 million to $99 million, the Business Standard reported on
Wednesday.

For related news, click on [LONN.VX]

BANKS

The Organisation for Economic Cooperation and Development is
considering coming up with a code of conduct for banks on how
they help clients with taxes, a senior official said on
Wednesday. [ID:nSGE62M06L]

For related news, click on [BNK-CH]

COMPANY STATEMENTS [CNR-CH]

* Nagravision and iPanel Partner to bring enhanced
end-to-end solutions to operators in China (KUD.VX: )[KUD.VX]]

* Inficon (IFCN.S: ): shareholding disclosure [IFCN.S]

* Extraordinary General Meeting of Dufry AG (DUFN.S: ) has
approved an ordinary capital increase of Dufry AG from
96,069,770 Swiss francs to 134,811,015 Swiss francs and the
issuance of 7,762,249 new shares.[DUFN.S]

* Komax (KOMN.S: ) expects to return to profit for the first
half of 2010 after posting a net loss of 19.8 million francs in
2009.[KOMN.S]

* Valora (VALN.S: ): Alexander Theobald nominated new head of
Valora’s Valora Media/Services division with effect from May 1,
2010.[VALN.S]

* Siegfried (SFZN.S: ) proposes the appointment of Andreas
Casutt to its board [SFZN.S]

* Vetropack (VET.S: ) posted a consolidated annual profit of
78.4 million francs in 2009, largely unchanged from the 78.5
million francs reported in 2008.[VET.S]

ECONOMY [M-CH]

Swiss National Bank Vice-Chairman Thomas Jordan is due to
hold a speech on banking regulation at 1600 GMT

EQUITY RESEARCH [CH-RCH]

* Credit Suisse raises Petroplus Holding AG (PPHN.VX: ) price
target to 20 Sfr from 17.50 Sfr; rating neutral

* Morgan Stanley raises Basilea (BSLN.S: ) to overweight from
equalweight

* Clariden Leu raises Rieter (RIEN.S: ) to outperform from
marketperform, raises price target to 360 Sfr from 220 Sfr

* UBS raises Rieter price target to 320 Sfr from 300 Sfr

* UBS raises Schweiter price target to 670 Sfr from 600 Sfr

* Merrill Lynch lowers Zurich Financial Services (ZURN.VX: )
to neutral from buy, price target to 270 Sfr from 260 Sfr

FOR COMPANIES TRADING EX-DIVIDEND, PLEASE CLICK ON:

(.EX.S: ) for all Swiss stocks

(.EXSMI.S: ) for blue chips

(.EXNSMI.S: ) for other stocks

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Swiss stocks – Factors to watch on March 24