Stocks With Momentum Kim Loong, Teck Guan, Guan Chong, Voir, Denko, Cycle & Carriage

by **Cals** Sun 03 Jan 2016, 16:05

Stocks With Momentum

[size=28]Kim Loong, Teck Guan, Guan Chong, Voir, Denko, Cycle & Carriage

By Tan Siew Mung / theedgemarkets.com | December 31, 2015 : 1:22 PM MYT

KUALA LUMPUR (Dec 31): theedgemarkets.com highlighted six stocks at Bursa Malaysia's afternoon market close today. Three stocks showed positive momentum while three stocks had negative momentum.

Stocks with positive momentum were:

Kim Loong Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 2.80) - up 15 sen at RM3.05

Teck Guan Perdana Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.40) – up nine sen at RM1.85

Guan Chong Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 0.35) – up three sen at RM1.33

Stocks with negative momentum were:

Voir Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.35) - up eight sen at 71 sen

Denko Industrial Corp ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.80) - up 2.5 sen at 40 sen

Cycle & Carriage Bintang ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 2.10) – up 12 sen at RM3.38

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.)
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