Stocks With Momentum Asia Poly, Kim Hin, Taliworks, Jerasia Capital, NCB Holdings, Xian Leng

by **Cals** Mon 06 Jul 2015, 00:19

Stocks With Momentum
Asia Poly, Kim Hin, Taliworks, Jerasia Capital, NCB Holdings, Xian Leng

[You must be registered and logged in to see this image.]

By Gho Chee Yuan / theedgemarkets.com | July 3, 2015 : 1:03 PM MYT

KUALA LUMPUR (July 3): [size=12]theedgemarkets.com has highlighted six stocks with momentum at afternoon market close today. Four of the stocks show positive momentum while two show negative momentum.

Stocks with positive momentum are:

Asia Poly Holdingds Bhd (fundamental: 0.55; valuation: 0.5) was unchanged at 63 sen, for a market capitalisation of RM55.39 million.

Kim Hin Industry Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.5; valuation: 2.6) up 2 sen or 1.02% to trade at RM1.98, with a market capitalisation of RM274.87 million.

Taliworks Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.3; valuation: 2.4) settled unchanged at RM3, bringing its market capitalisation to RM1.311 billion.

Jerasia Capital ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.8; valuation: 1.7) down 5 sen or 4.81% at 99 sen, giving it a market capitalisation of RM85.33 million.

Stocks with negative momentum are:

NCB Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.05; valutaion: 0.8) unchanged at RM3.60, for a market capitalisation of RM3.60.

Xian Leng Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.35; valuation: 0.9) up 1.5 sen or 2.56% higher at 60 sen, with a market capitalisation of 42.32 million.

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.

(Notes: 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.)

[/size]