Stocks With Momentum Rexit, Johore Tin, AHB, Eupe, Sern Kou, M-Mode, Malaysia Packaging, Lee Swee Kiat, Wang-Zheng, Tien Wah, Sanichi, ECS ICT, Sympho

by **Cals** Thu 05 Nov 2015, 18:37

Stocks With Momentum

[size=28]Rexit, Johore Tin, AHB, Eupe, Sern Kou, M-Mode, Malaysia Packaging, Lee Swee Kiat, Wang-Zheng, Tien Wah, Sanichi, ECS ICT, Symphony, Tex Cycle, Benalec, Gadang

By Sangeetha Amarthalingam / theedgemarkets.com | November 5, 2015 : 1:35 PM MYT

KUALA LUMPUR (Nov 5): theedgemarkets.com highlighted 16 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one with positive momentum and 15 with negative momentum.

The stocks with positive momentum are:

Rexit Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 1.95) (valuation: 1.7; fundamental: 1.95) up four sen at 58 sen

The stocks with negative momentum are:

Johore Tin Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.00) (valuation: 1.4; fundamental: 1) up 15 sen at RM2.55

AHB Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.65) (valuation: 0.9; fundamental: 1.65) up half sen at 22.5 sen

Eupe Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.25) (valuation: 1.4; fundamental: 1.25) up two sen at 90 sen

Sern Kou Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.55) (valuation: 0.9; fundamental: 0.55) up one sen at 67 sen

M-Mode Bhd ([You must be registered and logged in to see this image.] Valuation: 1.20, Fundamental: 1.45) (valuation: 1.2; fundamental: 1.45) up one sen at 49.5 sen

Malaysia Packaging Industry Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.35) (valuation: 0.9; fundamental: 0.35) up five sen at 55 sen

Lee Swee Kiat Group Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 1.70) (valuation: 1.1; fundamental: 1.7) up half sen at 32.5 sen

Wang-Zheng Bhd ([You must be registered and logged in to see this image.] Valuation: 2.60, Fundamental: 2.10) (valuation: 2.6; fundamental: 2.1) up eight sen at 73 sen

Tien Wah Press Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.40) (valuation: 2; fundamental: 1.4) flat at RM1.82

Sanichi Technology Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 0.90) (valuation: 1.5; fundamental: 0.9) up one sen at 9.5 sen

ECS ICT ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 2.00) Bhd (valuation: 2.4; fundamental: 2) up six sen at RM1.59

Symphony Life Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (valuation: 2.4; fundamental: 1.3) up two sen at 81 sen

Tex Cycle Technology (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 2.25) (valuation: 0.5; fundamental: 2.25) up three sen at RM1.45

Benalec Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.60, Fundamental: 1.25) (valuation: 1.6; fundamental: 1.25) up one sen at 61 sen

Gadang Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 1.70) (valuation: 1.8; fundamental: 1.7) up four sen at RM1.83

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.

(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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