Stocks With Momentum Seacera, Kia Lim, Olympia, PRG, Only World Group, Supermax, SCGM, GSB, Pelikan

by **Cals** Mon 28 Dec 2015, 05:14

Stocks With Momentum

[size=28]Seacera, Kia Lim, Olympia, PRG, Only World Group, Supermax, SCGM, GSB, Pelikan

By Danial Idraki / theedgemarkets.com | December 23, 2015 : 1:20 PM MYT
KUALA LUMPUR (Dec 23): theedgemarkets.com has highlighted nine stocks with momentum at afternoon market close today. Two stocks show positive momentum, while seven stocks show negative momentum.

Stocks with positive momentum are:

Seacera Group Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 2.30) — gain 5.5 sen at RM1.03

Kia Lim Bhd ([You must be registered and logged in to see this image.] Valuation: 2.10, Fundamental: 1.00) — down 2 sen at 62.5 sen

Stocks with negative momentum are:

Olympia Industries ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.80) — unchanged at 12 sen

PRG Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.10) — up 3 sen at 87 sen

Only World Group Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A) — up 11 sen at RM3.03

Supermax Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 1.00) — down 1 sen at RM3.40

SCGM Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 2.60) — gain 16 sen at RM3.19

GSB Group ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.45) — up 1 sen at 12.5 sen

Pelikan International Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.35) — gain 9 sen at RM1.08

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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