Stocks With Momentum Guan Chong, Ekovest, SYF Resources, George Kent, Chee Wah, KBES, EITA, Fajarbaru

by **Cals** Thu 10 Dec 2015, 01:01

Stocks With Momentum

[size=28]Guan Chong, Ekovest, SYF Resources, George Kent, Chee Wah, KBES, EITA, Fajarbaru

By Gho Chee Yuan / theedgemarkets.com | December 9, 2015 : 1:12 PM MYT
KUALA LUMPUR (Oct 30): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia's afternoon market close today.

Only one of the stocks show positive momentum while another seven showed negative momentum.

The stock with positive momentum is Guan Chong Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 0.35), which rose four sen or 3.05% to settle at RM1.35, for a market capitalisation of RM623.9 million.

The stocks with negative momentum are

Ekovest Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.15) inched up two sen or 1.89% to trade at RM1.08, for a market capitalisation of RM906.8 million.

SYF Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 1.50, Fundamental: 1.10) gained two sen or 3.85% to trade at 54 sen, bringing its market capitalisation to RM317.8 million.

George Kent (M) Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.10) rose six sen or 3.64% to RM1.71, giving it a market capitalisation of RM495.7 million.

Chee Wah Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 0.90) added 11 sen or 8.33% to trade at RM1.43, for a market capitalisation of RM55.6 million.

KBES Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.20) inched up one sen or 2.9% to 35.5 sen, for a market capitalisation of RM43.5 million.

EITA Resouces Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.40) fell one sen or 0.67% to RM1.48, valuing it at RM193.7 million.

Fajarbaru Builder Group Bhd ([You must be registered and logged in to see this image.] Valuation: 1.80, Fundamental: 1.55) gained 1.5 sen or 2.86% to 54 sen, giving it a market capitalisation of RM172.7 million.

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. Go to [size=15][You must be registered and logged in to see this link.] for details on a company’s financial dashboard.)[/size]
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