Swiss stocks - Factors to watch on Jan 11

Calida Holding AG

11/01/2016 05:47

ZURICH, Jan 11 (Reuters) - The following are some of the 
main factors expected to affect Swiss stocks on Monday: 
     
    ADECCO  ADEN.VX  
    Chief Executive Alain Dehaze tells newspaper SonntagsZeitung 
he expects underlying growth this year in line with that of last 
year  urn:newsml:reuters.com:*:nL8N14U0IB 
    For more news see  ADEN.VX  
     
    ZURICH INSURANCE  ZURN.VX   
    The insurer will soon name Mario Greco, Generali's  GASI.MI  
chief executive, as its next CEO, the SonntagsZeitung paper 
reported without identifying its sources. 
    Greco has been named in the media before as a likely 
candidate to succeed Martin Senn, who quit last month 
 urn:newsml:reuters.com:*:nL8N13Q0EL 
    For more news see  ZURN.VX  
     
    VONTOBEL  VONN.S  
    Senior officials from the private bank reiterated to the NZZ 
am Sonntag paper their desire to keep the group independent 
after the death of Hans Vontobel, the family patriarch and 
biggest shareholder. "Even if one or two representatives (of the 
owner family) want to diversify their investments a bit, the 
majority will be maintained," Chairman Herbert Scheidt said. 
Chief Executive Zeno Staub warned against mergers for the sake 
of size alone. "It will not be the case that in the end there 
are only 15 private banks left in Switzerland," he said.  
     
    CHINA IMPACT 
    Comments reported by the SonntagsZeitung from Swiss 
companies about the impact of financial upheaval in China: 
    Kurt Haeri, manager of liftmaker Schindler  SCHN.S  and 
long-time head of the Swiss-China Chamber of Commerce, says 
turmoil on financial markets was not a reliable indicator of 
macroeconomic developments. "Measured by the expected profits, 
this is an overreaction that will calm down again." 
    OC Oerlikon  OERL.S  still saw the China market growing but 
not as quickly as in recent years. Pumpmaker Sulzer  SUN.S  a 
year ago saw the Chinese market slowing and said in August it 
would reduce capacity there. 
    ABB  ABBN.VX  hoped a weaker yuan currency would foster 
exports from China, while semiconductor group AMS  AMS.S  still 
saw good business opportunities with Chinese clients. Travel 
group Kuoni  KUNN.S  was still profiting from above-average 
growth in the Chinese travel sector.  
    Logistics group Panalpina  PWTN.S  expected to expand its 
presence in China, while peer Kuehne und Nagel  KNIN.VX  did not 
foresee any impact from political and regulatory interventions. 
     
    CALIDA  CALN.S  
    The Kellenberg family that controls the apparel maker  
informed its supervisory board early last year of plans to sell 
the clan's 34.7 percent stake, triggering an internal spat, the 
SonntagsZeitung reported. The family broke off the plans in 
July. It quotes a company spokesman as saying: "Talks took place 
with a large bank (to place the stake) but it never came to a 
concrete sale mandate."  
     
    BOND TRADING 
    The chief executive of SIX Group told the Finanz und 
Wirtschaft paper that the Swiss bourse planned to introduce an 
electronic trading platform for corporate bonds that are mostly 
traded by telephone now. He said there was no firm start date 
for the plan and the exchange was in talks with big traders to 
try to persuade them to do business via the new platform. 
     
    COMPANY STATEMENTS  CPR-CH  
    * UBS  UBSG.VX  will double headcount in China over the next 
five years, adding about 600 people to existing operations in 
the country, Chief Executive Sergio Ermotti told Bloomberg. 
 UBSG.VX  
    * Julius Baer  BAER.VX  said it had appointed Torsten Linke 
as new its private banking head for South East Asia and branch 
manager for Singapore. David Lim will become vice-chairman South 
East Asia, the bank said.  BAER.VX  
     
    ECONOMY  M-CH  
    * The Swiss franc is likely to hold steady or ease this 
year, Swiss National Bank Chairman Thomas Jordan said in an 
interview with Swiss radio SRF on Saturday. In another interview 
with Swiss television, Jordan said it was a good sign that the 
U.S. dollar and the Swiss franc are near parity. urn:newsml:reuters.com:*:nL8N14T07A 
 urn:newsml:reuters.com:*:nL8N14S35W 
    * Swiss Tourism director Juerg Schmid thinks hotel stays can 
go up this year. "I expect a clear minus this winter season in 
the Alpine region of 1 to 4 percent depending on weather," he 
told the SonntagsZeitung newspaper, adding he expected declines 
over the whole year as well. "Given the good urban hotel 
business there can be a small plus in 2016 in the winter and 
overall year as well."      
    * Nearly a year after the Swiss National Bank abandoned its 
ceiling for the franc against the euro, Swiss companies are 
still grappling with the impact, Switzerland Global Enterprise 
head Daniel Kueng told the NZZ am Sonntag paper. Many small and 
mid-sized companies have sought to maintain market share, so 74 
percent report lower margins and 33 percent a sharp drop in 
margins.       
    * Data on sight deposits at the Swiss National Bank due at 
0800 GMT 
 
 (Reporting by Zurich newsroom) 
 ((+41 58 306 7336)(zurich.newsroom@thomsonreuters.com)) 
  
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