BusinessToday Previous Editions

BUSINESS TODAY 2 February 2023

Issue link: https://maltatoday.uberflip.com/i/1491498

Contents of this Issue

Navigation

Page 5 of 11

2.2.2023 6 MARKETS Symbol Volume Value Trades High Low Open Closing Change Code Traded Traded Trades Price Price Price Price EQUITIES GO 10 27.80 1 2.780 2.780 2.780 2.780 0.000 HSB 1,000 740.00 1 0.740 0.740 0.740 0.740 0.000 MIA 150 840.00 1 5.600 5.600 5.600 5.600 -0.050 PG 290 603.20 1 2.080 2.080 2.080 2.080 0.000 CORPORATE STOCKS G32GA 147,600 155,108.40 6 105.120 105.000 105.000 105.120 0.120 CORPORATE BONDS AX26A 3,000 2,565.30 1 85.510 85.510 85.510 85.510 -9.490 BV30B 11,100 9,990.00 1 90.000 90.000 90.000 90.000 -2.000 DF26A 15,000 14,999.00 2 100.000 99.990 99.990 100.000 0.050 GH27A 25,000 24,375.00 2 97.500 97.500 97.500 97.500 0.000 HF27A 7,100 6,851.50 2 96.500 96.500 96.500 96.500 -1.350 HF28A 4,300 3,810.23 1 88.610 88.610 88.610 88.610 -7.390 HP25A 15,200 15,184.80 2 99.900 99.900 99.900 99.900 0.050 IB32A 15,000 14,895.00 2 99.900 99.000 99.000 99.900 0.900 IH25A 3,000 3,030.00 1 101.000 101.000 101.000 101.000 -1.000 IH26B 4,100 4,017.59 1 97.990 97.990 97.990 97.990 -0.010 MO31A 5,000 4,711.50 2 94.250 94.000 94.000 94.250 0.250 MR26A 15,000 14,400.00 1 96.000 96.000 96.000 96.000 -0.500 MY32A 4,600 4,473.50 1 97.250 97.250 97.250 97.250 0.000 PC26A 5,000 4,779.30 2 95.600 95.500 95.600 95.500 -2.000 SD27A 18,000 17,280.00 2 96.000 96.000 96.000 96.000 0.000 SF27A 13,400 12,745.00 4 96.000 92.500 96.000 92.500 2.490 ST27A 19,000 18,675.00 4 99.500 97.500 97.500 99.500 2.000 TG26A 5,600 5,488.00 1 98.000 98.000 98.000 98.000 0.000 TI27A 5,000 4,550.00 1 91.000 91.000 91.000 91.000 -8.000 Malta Stock Exchange Regulated Main Market Trading Date: 1 Feb 2023 AMD shares rise after Q4 report that beat expectations for revenue, EPS ADVANCED Micro Devic- es (NASDAQ:AMD) opened higher in premarket trading on Wednesday after its fourth-quar- ter report encouraged hopes that the worst may be over for the chipmaker. As expected, weakness in the PC and gaming chip sectors, combined with a higher bill for R&D spending, drove the com- pany to an operating loss of $149 million, left revenue broadly flat from the previous quarter at $5.60 billion and cut earnings per share to only 1c. However, earnings adjusted for one-off items - chiefly the amor- tization of intangibles included in its acquisition of Xilinx - were slightly ahead of expectations at 69c. Analysts also took heart from the company's forecast that rev- enue from the PC sector will bot- tom out in the first quarter, as inventory levels normalize in the aftermath of the pandemic. AMD expects revenue to fall to around $5.3B in the current quarter, below expectations for $5.5B. e company nonetheless held off from giving guidance for the year ahead. "Although the demand envi- ronment is mixed, we are confi- dent in our ability to gain market share in 2023 and deliver long- term growth based on our dif- ferentiated product portfolio," Chief Executive Officer Lisa Su said in a statement. As with rival Intel (NAS- DAQ:INTC), AMD was hit in the second half by a sharp slowdown in demand for PCs as the pan- demic boom unwound. Gaming chip demand also softened as the lifting of lockdowns led consum- ers to revert to more active forms of entertainment. ose declines were offset by continued growth in data center sales, thanks to the unbroken secular trend of digiti- zation. e company said it expects both of those trends to continue in the near term, with revenue from the PC segment bottom- ing in the first quarter. It expects steady growth from the data center segment. Shares of AMD rose 3.3% in premarket, taking their year-to- date gains to 21%. ey're now up 42% from their November low but have still lost more than 50% from their peak during the pan- demic. Analysts at KeyBanc Capital Markets raised their price target for the stock to $95 from $80 in response to the numbers, saying that the outlook for sustained growth in data center chips and for market share gains vis-a-vis Intel, combined with the stock's re-rating in the second half of last year, made it attractive. ey noted however that In- tel is planning a major capacity expansion, which could lead to more aggressive price competi- tion and margin compression in the future.

Articles in this issue

Archives of this issue

view archives of BusinessToday Previous Editions - BUSINESS TODAY 2 February 2023