Hints and tips:
Hail to the CHF
...We expect NNM of CHF 5.4bn/11.6bn in 2023e/24e while Consensus still sees outflows of CHF -3.7bn in 2023e recovering to CHF 14.7bn in 2024e. 5) Investment Bank: Mgmt believes that 4Q IB performance not...
...We note that CSG at the end of 2022 had CHF 1.2bn in litigation provisions and an estimate of the aggregate range of reasonably possible losses of CHF 0-1.2bn for litigation issues not covered by existing...
...Credit Suisse also announces offers by Credit Suisse International to repurchase certain OpCo senior debt securities for cash of up to approximately CHF 3 billion....
...In its scenario the creation of a Swiss national champion would lead to . . . . . . an IPO or spinoff to NewCo S/Hs of the Swiss Bank worth CHF 10bn as combined market share equals roughly 30% and hence...
...FINMA has been provided with a clearer legal basis so that part of Credit Suisse’s regulatory capital can be written off (private creditors are to share in the exposures to the tune of around CHF 17bn)....
...hours later, around 2am, Credit Suisse said it was taking decisive action to pre-emptively strengthen its liquidity by intending to exercise its option to borrow from the Swiss National Bank (SNB) up to CHF...
...9,900 and CHF 10,900, and limited to 300 and 100 pieces, respectively)....
...Shares fell 1.5 per cent to CHF 324.85 in mid-morning trading....
...But I think that they’d be reluctant to let the EUR/CHF drop below parity for too long. For now it still feels like an important psychological threshold. Fine....
...Should the LSF accept Eurobond collateral — that is, sovereign bond collateral denominated in foreign currency (USD, EUR, CHF) — it risks creating perverse incentives for countries to shift to foreign currency...
...Unlike with the free Hong Kong site, participating galleries must now pay a flat fee of CHF 5,000 ($5,530). The next iteration, OVR: Miami Beach, is scheduled to go live December 2-6....
...On a fundamental basis, we believe the stock remains very expensive with our SOTP-based 2021-end valuation of CHF 14.4 (25% below the last close)....
...Now, I think that what CHF GBP is referring to here are the cases against Huawei for violating US sanctions against Iran and stealing technology from T-Mobile....
...Swisscom (Sell-rated, 428 CHF target price) - . . . A Sunrise-UPC Switzerland combination could be a potential negative for Swisscom....
...another nil-premium merger of equals or will they find a suitor who can pay up / Stay Long as we expect further developments here / In the event of a Competitive bidding process, we believe a buyer could pay CHF...
...Beyond 2021 we forecast 6% sales growth and 7-8% profit growth which puts our estimates ~3-4% ahead of consensus and gives us a price target of CHF 7900....
...“Had the SNB instead removed the EUR/CHF floor at a regularly scheduled quarterly policy announcement, hedge fund long positions in EUR/CHF may have been smaller, leading to less buying of CHF and therefore...
...Expect to pay CHF 480 (£368) for a modest fondue with wine for six. At the more upscale Le Cervin grill, the main courses hover around CHF 100....
...GBP and CHF are marching to their own beat — sterling on Brexit issues and CHF not playing the safe haven role it has in the past — suggesting structural weakness.”...
...GBP, by contrast, is firmly in the group of currencies, comprising also CHF [Swiss franc] and CNY [renminbi], that have not tended to revert to PPP....
...Simon adds: “The only time that an unambiguous safe haven bid can really be said to have emerged for the USD in recent decades came during the 2008 crisis when it (along with the JPY, but not CHF or gold...
...Both reasons are providing food for thought for CHF investors.”...
...Median individual disposable income grew more than 9 per cent annually between 2011 and 2017, according to CHFS data....
...Short-CHF, worth a USD equivalent of 5.0bn, was smaller in notional terms, but was at 78 per cent of its 3Y max. That was the largest position by that gauge....
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