SINGAPORE: Singapore's biggest bank DBS Group said on Thursday its second-quarter profit jumped a forecast-beating 48% to a new record as higher interest rates helped drive income growth, and forecast growth in its net interest margin (NIM).
Indian engineering conglomerate Escorts expects sustainable growth in its three core businesses for the rest of the year with its 16-17% margin forecast for the railway sector viewed as sustainable, according to CFO Bharat Madan. While it may not achieve the 20% margin seen in Q1 due to varying product mixes, expansion of demand will push growth next year. Mid-single digit growth is predicted for both the tractor and domestic industries, although subdued demand will continue in overseas markets due to general recessionary conditions.
The outlook for CIMB Group Holdings Bhd’s 92.5%-owned Indonesian arm PT Bank CIMB Niaga Tbk is expected to remain bright, following the strong first-half 2023 showing.
Nicola Mining Inc. (CVE:NIM – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$0.19 and last traded at C$0.18, with a volume of 295461 shares trading hands. The stock had previously closed at C$0.18. Nicola Mining Stock Down 2.8 % The company has a […]