The Daily Update: 3 May

The latest updates from the JSE and NYSE over the past 24 hours.

South Africa

Astral Foods Limited- Trading statement

• EPS is expected to be between 189 cents and 116 cents, representing a decrease of between 87% and 92%.

Calgro M3 Holdings Limited- Trading statement

• EPS is expected to be between 147.95 cents and 158.80 cents, representing an increase of between 36.4% and 46.4%.
• On Tuesday, 2 May 2023 the Company repurchased an aggregate of 7 000 000 ordinary shares for an aggregate value of R15.4 million.

Aveng Limited

• Aveng has completed the disposal of Trident Steel for total cash proceeds of R1.2 billion.

The U.S.

Taiwan Semiconductor

• Taiwan Semiconductor is in talks to spend as much as $11 billion to build a chip fabrication plant in Saxony, Germany.

Coinbase

• Coinbase has announced the launch of an international exchange for cryptocurrency derivatives.

AMD Earnings

• EPS of $0.60 beating expectations of $0.56.
• Revenue of $5.4B beating expectations of $5.31B.
• AMD said it sees Q2 Revenue coming in between $5B-$5.6B.
• CEO Lisa Su said that AI is AMD's "number one strategic priority".

Starbucks Earnings

• EPS of $0.74 beating expectations of $0.65.
• Revenue of $8.7B beating expectations of $8.4B.

Ford Earnings

• EPS of $0.63 beating expectations of $0.44.
• Revenue of $41.5B beating expectations of $37.42B.