Stocks With Momentum Evergreen Fireboard, Wong Engineering, Kawan Food, APFT, Asia Knight

by **Cals** Tue 09 Jun 2015, 08:23

Stocks With Momentum
Evergreen Fireboard, Wong Engineering, Kawan Food, APFT, Asia Knight

KUALA LUMPUR (June 8): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks show positive momentum while two show negative momentum.
The stocks with positive momentum are:
Evergreen Fireboard Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.85; valuation; 0.9) up eight sen at RM1.32
Wong Engineering Corporation ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.25; valuation: 0.3) down one sen at 64.5 sen
Kawan Food Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 3; valuation: 1.1) down eight sen at RM2.51
Stocks with negative momentum are:
APFT Bhd (fundamental: 0.2; valuation: 0.3) up 0.5 sen at 20 sen
Asia Knight Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)(fundamental: 0.6; valuation: 0.3) unchanged at 50 sen
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.)