Stocks With Momentum Three-A, Progressive Impact, Eupe, M-Mode, Ecofirst, BIG, Formosa, MRCB, KPS Consortium, Pentamaster, Eduspec, Malaysia Packaging

by **Cals** Thu 05 Nov 2015, 02:11

Stocks With Momentum

[size=28]Three-A, Progressive Impact, Eupe, M-Mode, Ecofirst, BIG, Formosa, MRCB, KPS Consortium, Pentamaster, Eduspec, Malaysia Packaging, Can-One Apollo

By Chong Jin Hun / theedgemarkets.com | November 4, 2015 : 1:18 PM MYT

KUALA LUMPUR (Nov 4): theedgemarkets.com highlighted 14 stocks at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum while 12 displayed negative momentum.

Stocks with positive momentum were:

Three-A Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.10) — up one sen at RM1.15

Progressive Impact Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) — up three sen at 24 sen

Stocks with negative momentum were:

Eupe Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.25) — down 1.5 sen at 87.5 sen

M-Mode Bhd ([You must be registered and logged in to see this image.] Valuation: 1.20, Fundamental: 1.45) — up 1.5 sen at 48.5 sen

Ecofirst Consolidated Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 0.30) — up 0.5 sen at 29.5 sen

BIG Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.20) — up five sen at 70 sen

Formosa Prosonic Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.95) — up three sen at 73 sen

Malaysian Resources Corp Bhd (MRCB) ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.30) — up four sen at RM1.40

KPS Consortium Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 1.00) — up one sen at 48.5 sen

Pentamaster Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 2.40) — up two sen at 80 sen

Eduspec Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.80, Fundamental: 2.80) — up 0.5 sen at 33 sen

Malaysia Packaging Industry Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.35) — up one sen at 46 sen

Can-One Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 1.10) — down 10 sen at RM3.41

Apollo Food Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.95) — up 13 sen at RM5.28

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.

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(Note: [size=12]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]
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