Stocks With Momentum Time, PRG, Poh Kong, Green Packet, Halex, Petron Malaysia, 1 Utopia, CCK

by **Cals** Thu 03 Dec 2015, 23:35

Stocks With Momentum

[size=28]Time, PRG, Poh Kong, Green Packet, Halex, Petron Malaysia, 1 Utopia, CCK

By Chester Tay / theedgemarkets.com | December 3, 2015 : 2:05 PM MYT

KUALA LUMPUR (Dec 3): theedgemarkets.com highlighted 8 stocks with momentum at Bursa Malaysia’s afternoon market close today. The list showed one stock with positive momentum and nine with negative momentum.

The stock with positive momentum is:

Time dotCom Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 2.70) — fell 2 sen at RM6.98

The stocks with negative momentum are:

PRG Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.10) — up 0.5 sen at 80 sen

Poh Kong Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.60, Fundamental: 0.85) — up 1.5 sen at 53.5 sen

Green Packet Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 0.35) — up one sen at 27.5 sen

Halex Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.75) — up three sen at 64.5 sen

Petron Malaysia Refining & Marketing Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.50) — up six sen at RM4.25

1 Utopia Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.25) — unchanged at five sen

CCK Consolidated Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.00) — up seven sen at 88 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: 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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