Highlights of the day: 1 December

FinMeUp highlights of the day

South Africa

Sasol Limited- Trading statement

• EPS is expected to increase by more than 20%, compared to EPS of R23.98 reported for the six months ended 31 December 2021.

Hosken Consolidated Investments Limited- Unaudited condensed consolidated interim results

• Revenue grew by 24% to 6 182 090 000.
• Property rental income grew by 5% to R336 523 000.
• EPS grew by 298% to 1 185.3 cents per share.
• The directors have declared an interim ordinary dividend of 50 cents per share which will be paid on Tuesday, 27 December 2022.

Sanlam Limited

• The agreement between Sanlam and ABSA which will result in Absa Financial Services Limited exchanging its investment management business, Absa Investments, for a shareholding in Sanlam Investment Holdings Proprietary Limited has been fulfilled and the effective date of the IM Transaction is 1 December 2022.

The U.S.

Elon Musk

• Elon Musk's Neuralink expects to begin human trials of its brain implant in six months.

Costco

• Costco has reported Net Sales of $19.17B up 5.7% YoY.

Salesforce earnings

• EPS of $1.40 beating expectations of $1.21.
• Revenue of $7.84B beating expectations of $7.82B.

Nio

• Nio has announced that it delivered 14,178 vehicles in November up 30.3% YoY.
• NIO has now delivered 106,671 vehicles so far in 2022 up 31.8% YoY.