Stocks With Momentum Weida, Johore Tin, Ideal Jacobs, Tiong Nam, Symphony House, United U-Li, EG Industries, Stone Master, Asia File, Eupe, Samudra, G

by **Cals** Fri 30 Oct 2015, 15:33

Stocks With Momentum

[size=28]Weida, Johore Tin, Ideal Jacobs, Tiong Nam, Symphony House, United U-Li, EG Industries, Stone Master, Asia File, Eupe, Samudra, Gadang

By Gho Chee Yuan / theedgemarkets.com | October 30, 2015 : 1:19 PM MYT

KUALA LUMPUR (Oct 30): theedgemarkets.com highlighted 12 stocks at Bursa Malaysia's afternoon market close today.

One stock showed positive momentum while 11 showed negative momentum.

The stock with positive momentum is:

Weida (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.70) — up eight sen at RM1.76

Stocks with negative momentum are:

Johore Tin Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 1.00) — up nine sen at RM2.20

Ideal Jacobs (M) Corp Bhd — up one sen at 19.5 sen

Tiong Nam Logistics Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.10) — up four sen at RM1.44

Symphony House Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 2.25) — up one sen at 20.5 sen

United U-Li Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 2.70) — up eight sen at RM4.43

EG Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.95) — up 5.5 sen at 79.5 sen

Stone Master Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.35) — down 0.5 sen at 28.5 sen

Asia File Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 3.00) — up 26 sen at RM4.36

Eupe Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.25) — up 0.5 sen at 85.5 sen

Kejuruteraan Samudra Timur Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 1.55) — up three sen at 59 sen

Gadang Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.70) — up six sen at RM1.63

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.)
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