Highlight Stocks with Momentum – Fima Corp, K&N Kenanga, Cycle & Carriage, Perwaja, Tanah Makmur, Super Enterprise, KKB Engineering

by **Cals** Tue 05 May 2015, 01:31

Highlight
Stocks with Momentum – Fima Corp, K&N Kenanga, Cycle & Carriage, Perwaja, Tanah Makmur, Super Enterprise, KKB Engineering

Fima Corp, K&N Kenanga, Cycle & Carriage, Perwaja, Tanah Makmur, Super Enterprise, KKB Engineering
KUALA LUMPUR (Apr 30): theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon market close today. Two of the stocks show positive momentum while five show negative momentum.
Stocks with positive momentum are:
Fima Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.7; valuation: 1.8) up 14 sen at RM2.63
K&N Kenanga Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.8; valuation: 1.65) unchanged at 67 sen
Stocks with negative momentum are:
Cycle & Carriage Bintang Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.7; valuation: 1.1) up 0.3 sen at RM2.30
Perwaja Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0; valuation: 0) up 4.5 sen at 17 sen
Tanah Makmur Bhd (fundamental: N/A; valuation: N/A) down 0.6 sen at RM1.50
Super Enterprise Holdings Bhd (fundamental: 2.5; valuation: 1.4) up 10 sen at RM3.29
KKB Engineering Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.95; valuation: 2) up four sen at RM1.81
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 [You must be registered and logged in to see this link.] for details on a company’s financial dashboard.