Swiss stocks - Factors to watch on March 6

Helvetia Baloise Holding AG

06/03/2023 05:34

ZURICH, March 6 - Here are some of the main factors that
may affect Swiss stocks on Monday:
    
    CREDIT SUISSE  CSGN.S 
    Harris Associates, one of Credit Suisse's major
shareholders, has sold its stake in the Swiss bank over the past
few months, the deputy chairman and chief investment officer of
the activist Chicago-based investor, David Herro, said on
Sunday.  urn:newsml:reuters.com:*:nL1N35E00W
    A London judge ordered Mozambique on Friday to allow access
to documents held in state offices or risk derailing a
blockbuster London lawsuit against Credit Suisse, shipbuilder
Privinvest and others over the $2 billion "tuna bond" case.
 urn:newsml:reuters.com:*:nL8N35A6J3
    Separately, Bloomberg News reported Credit Suisse First
Boston will have Goldman Sachs-like partners.  urn:newsml:reuters.com:*:nL4N35B3J3
    
    TANKS
    In addition to Leopard 2 tanks, German armaments company
Rheinmetall wants to buy 96 Leopard 1 tanks from Swiss defence
firm Ruag to send to Ukraine, the Swiss newspaper Tages-
Anzeiger reported on Saturday.  urn:newsml:reuters.com:*:nL1N35C09J
    
    GAM
    The Financial Times reported that Swiss fund manager GAM is
rushing to find buyer before its results.  urn:newsml:reuters.com:*:nL4N35E0ZF
    
    UBS GROUP  UBSG.S 
    Full year results due.
    
    HELVETIA HOLDING  HELN.S  
    Full year results due.
    
    
    COMPANY STATEMENTS
    *Schweiter Technologies  SWTQ.S  reported full-year 2022
EBITDA at 85.5 millions Swiss francs, versus 151.5 million the
previous year.  SWQT.S 
    *Belimo  BEAN.S  reported that full-year 2022 net sales grew
by 10.7% to 846.9 millions Swiss francs.  BEAN.S 
    
    
    ANALYSTS' VIEWS
    COLTENE HOLDING AG  CLTN.S : CREDIT SUISSE CUTS TARGET PRICE
TO CHF 85 FROM CHF 96
    CREDIT SUISSE GROUP AG  CSGN.S : JEFFERIES CUTS TARGET PRICE
TO CHF 2.60 FROM CHF 3.80
    SOFTWAREONE HOLDING AG  SWON.S : JP MORGAN RAISES TARGET
PRICE TO CHF 16 FROM CHF 14
    
    
    ECONOMY
    Swiss February CPI MM due at 0730 GMT 
    Swiss February CPI YY due at 0730 GMT 
    Swiss February CPI NSA due at 0730 GMT
    SNB data on Swiss sight deposits due at 0900 GMT

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