The Daily Update: 31 January

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

South Africa

Italtile Limited- Voluntary Trading Statement for the Six Months Ended 31 December 2022

• EPS is expected to be between 77.3 cents per share and 79.5 cents per share, representing a decrease of between 5.4% and 8%.

Alphamin Resources Corp

• The company has announced record tin production of 12 493 tonnes, up 14% from the prior year.
• Q4 tin production of 3 113 tonnes exceeded market guidance of 3 000 tonnes.
• Net cash grew by 60% to $109 335 000.
• A final dividend for FY2022 of CAD$0.03 per share declared, which will be paid on Friday, 10 March.

Vodacom Group Limited- Trading update for the quarter ended 31 December 2022

• Group revenue grew by 14.8% to R30.7 billion, which the acquisition of Vodafone Egypt impacted positively.
• Group service revenue grew by 16.1% to R23 998 million.
• South Africa service revenue grew 3.0% to R23 998 million.
• Financial services revenue increased 30.6% to R2.6 billion.
• VodaPay super-app has reached 4.5 million downloads.

Shoprite Holdings Limited- Operational update for the six months ended 1 January 2023

• The Shoprite Group increased the total sale of merchandise by 16.8% to R106.3 billion for the sixth-month period to 1 January 2023.
• The supermarkets RSA segment reported sales growth of 17.5% to R85.1 billion.
• The Non-RSA supermarkets segment reported sales growth of 17.5% to R10.0 billion.
• The furniture segment reported sales growth of 8.6% to R3.9 billion.

Renergen Limited

• Renergen is preparing for a potential initial public offering in the United States of American Depositary Shares and listing on the Nasdaq in 2023.
• Renergen is seeking approval to issue additional shares by way of a specific issue of shares for cash in order to raise the requisite equity funding for Phase 2.

GemFields Group Limited- Operational Market Update

• Record combined auction and Fabergé annual revenues of $333 million in 2022.
• Total auction revenues grew by 32% to $316 million, which is a new annual record.
• The company recorded net cash of $104 million.

The U.S.

General Motors Earnings

• EPS of $2.12 beating expectations of $1.69.
• Revenue of $43.1B beating expectations of $40.65B.

Exxon Mobil Earnings

• EPS of $3.40 beating expectations of $3.29.
• Revenue of $95.4B beating expectations of $94.7B.

McDonalds Earnings

• EPS of $2.59 beating expectations of $2.46.
• Revenue of $5.93B beating expectations of $5.69B.
• Global comparable sales increased by 12.6% for the quarter.

Pfizer Earnings

• EPS of $1.14 beating expectations of $1.05.
• Revenue of $24.3B in line with expectations.
• Pfizer sees FY23 Adj EPS between $3.25-$3.45 below estimates of $4.44, and Revenue between $67B-$71B below estimates of $74.13B.