Swiss stocks - Factors to watch on November 22

Promaxima Immobilien AG

22/11/2019 06:10

ZURICH/BERLIN, Nov 22 (Reuters) - The Swiss blue-chip SMI
 .SSMI  was seen opening 0.1% higher at 10,353 points on Friday,
according to premarket indications by bank Julius Baer
 JBPRE01 .
    Here are some of the main factors that may affect Swiss
stocks:
    
    ROCHE  ROG.S 
    Roche has again extended the deadline for its tender offer
for Spark Therapeutics, the Swiss drugmaker said on Friday,
saying U.S. and British anti-trust authorities needed more time
to review the deal. The offer, which was originally due to
expire on Nov. 25, has now been extended to Dec. 10. All terms
and conditions of the offer remain the same, Roche said. So far
14.8% of the shares were tendered. urn:newsml:reuters.com:*:nFWN28200B
    
    CAR WASH PROBE
    Swiss investigators executed search warrants at addresses
linked to Vitol  VITOLV.UL  and Trafigura  TRAFGF.UL , their
counterparts in Brazil said on Thursday, as a sprawling probe
into the global commodity trading industry intensifies.
    Brazilian federal prosecutors said Swiss investigators
searched the Geneva addresses on Wednesday as part of a probe
made public late last year. As part of that probe, authorities
alleged employees of major commodity trading firms paid
employees of Petroleo Brasileiro SA  PETR4.SA  at least $31
million in bribes from 2011 to 2014.  urn:newsml:reuters.com:*:nL2N28113X
    
    COMPANY STATEMENTS 
    * Aryzta  ARYN.S  reported first-quarter revenue was down
2.1% to 843.9 million euros ($933.94 million).  urn:newsml:reuters.com:*:nASN0000E7
Shares indicated down 3.5%
    * Also Holding  ALSN.S  said it was signing a new 300
million euro revolving credit facility (RCF).  urn:newsml:reuters.com:*:nFWN2810YV
    * Bossard Holding  BOS.S  said on Thursday that the Bossard
Group was entering a partnership with SES-imagotag in the field
of industrial and logistics IoT solutions.  urn:newsml:reuters.com:*:nFWN2810Z9
    * Promaxima Immobilien AG  MAXIMA.BN , which agreed at an
annual general meeting in July to delist from the Berne stock
exchange, on Thursday posted first-half operating income of
677.715 Swiss francs  ($682.22), down from 1.8 million francs
the previous year.
    * SIX Exchange Regulation AG applies for Swiss authorisation
as a Prospectus Office

    ANALYSTS' VIEWS
    * Vontobel Holding AG  VONN.S : Citigroup raises price
target to SFR 68.5 from 64
    * EFG International AG  EFGN.S : Citigroup raises price
target to SFR 7.6 from 7.3
    * Credit Suisse Group  CSGN.S : RBC raises target price to
CHF 15.5 from CHF 14
    * Julius Baer Gruppe  BAER.S : RBC raises target price to
CHF 60 from CHF 54
    * Julius Baer Gruppe: Citigroup raises price target to Sfr
49 from 47.5 
    * UBS Group  UBSG.S : RBC raises target price to CHF 13.5
from CHF 13
    * JP Morgan says it prefers Axa, Allianz, Zurich and Poste
Italiane among the European peers
        
    ECONOMY  M-CH 
    No economic data scheduled
    
    ($1 = 0.9036 euros)
    ($1 = 0.9934 Swiss francs)

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