Stocks With Momentum Fibon, Globaltec, Lii Hen, Stone Master, UMS, Vitrox, Yee Lee, Sanbumi, Kim Hin, EG Industries, MTouche, PUC Founder, Borneo Aqua

by **Cals** Mon 23 Nov 2015, 22:16

Stocks With Momentum

[size=28]Fibon, Globaltec, Lii Hen, Stone Master, UMS, Vitrox, Yee Lee, Sanbumi, Kim Hin, EG Industries, MTouche, PUC Founder, Borneo Aqua, Asia Media, Jadi Imaging, Ewein, Can-One, Genetec

By Sangeetha Amarthalingam / theedgemarkets.com | November 23, 2015 : 1:38 PM MYT

KUALA LUMPUR (Nov 23): theedgemarkets.com highlighted 18 stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed two with positive momentum and 16 with negative momentum.

The stocks with positive momentum are:

Fibon Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.95) — up 3.5 sen at 67.5 sen

Globaltec Formation Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.95) — up half sen at seven sen

The stocks with negative momentum are:

Lii Hen Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 2.10, Fundamental: 2.50) — up 12 sen at RM2.99

Stone Master Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.35) — up 2.5 sen at 38.5 sen

UMS Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 3.00, Fundamental: 1.65) — up 11 sen at RM2.84

Vitrox Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 3.00) — up 27 sen at RM3.32

Yee Lee Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.40) — up five sen at RM2

Sanbumi Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.65) — up 1.5 sen at 13.5

Kim Hin Industry Bhd ([You must be registered and logged in to see this image.] Valuation: 2.60, Fundamental: 2.50) — up 10 sen at RM2.30

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 87.5 sen

MTouche Technology Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 0.95) — up one sen at 14.5 sen

PUC Founder (MSC) Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 1.85) — up one sen at 14 sen

Borneo Aqua Harvest Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 0.80) — down 10 sen at RM1.09

Asia Media Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.05) — up half sen at three sen

Jadi Imaging Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.15) — up half sen at 10 sen

Ewein Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 0.95) — up three sen at RM1.04

Can-One Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 1.10) — up 34 sen at RM4.42

Genetec Technology Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.70) — up 4.5 sen to 27 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.

(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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