Stocks With Momentum MSM, Oriented Media, Asia Poly, Tanco, Muar Ban Lee, Ideal United Bintang, Suiwah

by **Cals** Thu 30 Apr 2015, 01:01

Stocks With Momentum
MSM, Oriented Media, Asia Poly, Tanco, Muar Ban Lee, Ideal United Bintang, Suiwah

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By Shalini Kumar / thedgemarkets.com | April 29, 2015 : 1:19 PM MYT

KUALA LUMPUR (Apr 29): theedgemarkets.com has highlighted seven stocks with momentum at Bursa Malaysia's afternoon market close today. One of the stocks shows positive momentum while six show negative momentum.

The stock with positive momentum is:

[size=14]MSM Malaysia Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.8; valuation: 1.4) down three sen at RM5.17

Stocks with negative momentum are:

Oriented Media Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.2; valuation: 0) up 0.5 sen at 18.5 sen

Asia Poly Holdings Bhd (fundamental: 0.55; valuation: 0.8) up 5.5 sen at 53.5 sen

Tanco Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.55; valuation: 0.9) unchanged at 18 sen

Muar Ban Lee Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.95; valuation: 1.4) up 4.5 sen at 83.5 sen

Ideal United Bintang Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.8; valuation: 0.3) unchanged at 88 sen

Suiwah Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.8; valuation: 2) up two sen at RM3.19

The list of stocks with momentum is generated using a proprietary mathematical algorithm highlighting stocks with a build-up in trading volume and price. The algorithm differentiates between stocks that exhibit positive (+ve) momentum and negative (-ve) momentum.

This list is not a buy or sell recommendation. It merely tells you which stocks are seeing higher than normal volume and price movements. The share price may move up or down from this point. But the “+ve” (suggesting a rising price trend on volume) and “-ve” (suggesting a falling price trend on volume) indicators should give readers a better idea of what the market is buying and when to sell. Note also that momentum generally only persists for a short period of time.

However, each stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks, if they want to ride the momentum.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to[You must be registered and logged in to see this link.] for details on a company’s financial dashboard.)
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