Stocks With Momentum Kimlun, Caely, Mercury, Eurospan, Ekovest, Guan Chong, Formosa Prosonic, Zecon, Kein Hing, BHS Industries

by **Cals** Wed 13 Jan 2016, 02:39

Stocks With Momentum

[size=28]Kimlun, Caely, Mercury, Eurospan, Ekovest, Guan Chong, Formosa Prosonic, Zecon, Kein Hing, BHS Industries

By Ahmad Naqib Idris / theedgemarkets.com | January 12, 2016 : 1:02 PM MYT

KUALA LUMPUR (Jan 12): theedgemarkets.com has highlighted 10 stocks with momentum at the midday market close today. Two stocks showed positive momentum while eight stocks showed negative momentum.

The stocks with positive momentum were:

Kimlun Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.70) up 8 sen at RM1.59

Caely Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.90) up 1 sen at 65 sen

The stocks with negative momentum were:

Mercury Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 3.00, Fundamental: 1.40) up 4 sen at RM1.38

Eurospan Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.65) up 5 sen at 85 sen

Ekovest Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.15) up 7 sen at RM1.32

Guan Chong Bhd ([You must be registered and logged in to see this image.] Valuation: 0.50, Fundamental: 0.35) up 3 sen at RM1.52

Formosa Prosonic Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.65) up 10.5 sen at RM1.01

Zecon Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.35) unchanged at 82.5 sen

Kein Hing International Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.00) up 7 sen at RM1.23

BHS Industries Bhd up 2 sen at 54.5 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.

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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