Malaysia News Highlights and Technical Reports : 23rd Nov 2015

Bursa Malaysia was higher in the early session today on the back of active buying momentum in selected heavyweights and lower-liners.
The FBM KLCI index rose 1.34 points to 1,663.23, after opening 0.3 point lower at 1,661.59.
 

The ringgit opened easier against the US dollar early Monday on weak demand for the local note.
 

Crude oil futures lost ground on Monday in early Asian trading, as the global supply surplus pressured prices, but a cut in the number of U.S. oil rigs for an 11th week in the last 12 limited the falls.
 

Nexgram Holdings Bhd has launched a conditional takeover offer for Ire-Tex Corp Bhd that will see it venture into the manufacturing and industrial automation businesses.
 

Malaysian Rating Corp Bhd (MARC) has assigned a final rating of AA-IS with a stable outlook to Jimah East Power Sdn Bhd's (JEP) sukuk Murabahah of up to RM10 billion.
 

Evergreen Fibreboard's 3QFY15 net profit almost tripled to RM27.59mil due to the stronger US dollar, lower cost of glue, higher operational efficiency and cost savings.
 

Bintai Kinden, it secured a US$15.15mil (RM66mil) contract to provide mechanical, electrical and plumbing works for the Rosewood Hotel in Phnom Penh, Cambodia.
 

Ikhmas Jaya won a RM161.12mil contract for the substructure works of a mixed development at Persiaran Barat, Section 52, Petaling Jaya.