Highlights of the day: 17 August

FinMeUp highlights of the day

South Africa

KAP Industrial Holdings Limited- Updated trading statement for the year ended 30 June 2022

• The company expects an of between 66.5 cents and 73.9 cents, representing an increase of between 71% and 90%.

Truworths International Limited- Trading statement for the 53-week period ended 3 July 2022

• The company expects an EPS of between 775 cents and 800 cents, representing an increase of between 61% and 67%.

Purple Group Limited

• Purple Group have announced that the launch of their Discovery Bank partnership is around the corner.
• The partnership will give 450 000 users the chance to integrate their bank accounts into EasyEquities for seamless investing.

Sibanye Stillwater- Trading statement for the six months ended 30 June 2022

• The company expects the EPS and HEPS to be between 402 SA cents and 447 SA cents, representing a decrease of between 47% and 52%.
• This is a result of the strike action, flooding in Montana, and lower relative precious metals prices.

Naspers- Update on share repurchase programme

• Naspers intends to dispose of certain of the Prosus Shares that it holds in order to continue to fund the repurchase of Naspers Shares.

Aspen Pharmacare Holdings Limited- Trading statement for the year ended 30 June 2022

• The company expects an EPS of between 1389.8 cents and 1442.5 cents, representing an increase of between 32% and 37%.

The U.S.

Apple

• Apple are in talks to make Apple Watches in Vietnam for the first time ever.

Target earnings

• EPS of $0.39 missing expectations of $0.72.
• Revenue of $26.04B missing expectations of $26.09B.

Biggest winners and losers

JSE

• Kap +8.92%
• Kumba -6.93%

U.S.

• Apple +0.57%
• Zoom -4.39%

Crypto

• Bitcoin -1.6%
• Ethereum -2.0%
• BNB -2.2%