Swiss stocks - Factors to watch on January 11
11/01/2024 05:35
ZURICH/BERLIN, Jan 11 (Reuters) - Here are some of the
main factors that may affect Swiss stocks on Thursday:
CREDIT SUISSE UBSG.S
Citadel is the only global bidder for Credit Suisse's China
unit, reported Bloomberg News.
GLENCORE GLEN.L
Vale Base Metals (VBM) is prioritising a decision on whether
to combine its nickel operations in Canada's Sudbury basin with
those of Glencore this year, a move that could reduce costs for
both companies, its chairman said.
COMPANY STATEMENTS
*Komax KOMN.S reported full-year revenue of 750 million
Swiss francs ($882.56 million), coming in below the IBES
estimate of 772.5 million Swiss francs. KOMN.S
*Avolta AVOL.S said it was bolstering its presence in
Bulgaria with air-side retail contract for Burgas and Varna
airports. AVOL.S
*VAT Group VACN.S reported full-year sales of 885 million
Swiss francs, slightly above an IBES estimate of 883.2 million.
VACN.S
ANALYSTS' VIEWS
SIKA AG SIKA.S : JP MORGAN CUTS TARGET PRICE TO CHF 232
FROM CHF 237
ECONOMY
No major Swiss economic data scheduled.
($1 = 0.8498 Swiss francs)
(Reporting by Zurich newsroom and Berlin Speed Desk)
((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
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