Stocks With Momentum Paramount, Heitech Padu, MSM Malaysia, Omesti, Microlink Solutions

by **Cals** Sat 30 May 2015, 00:56

Stocks With Momentum
Paramount, Heitech Padu, MSM Malaysia, Omesti, Microlink Solutions

[You must be registered and logged in to see this image.]

By Joshua Lim / theedgemarkets.com | May 29, 2015 : 1:22 PM MYT

KUALA LUMPUR (May 29): [size=12]theedgemarkets.com has highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Four stocks show positive momentum while one shows negative momentum.

Stocks with positive momentum are:

Paramount Corporation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.4; valuation: 2.6) up two sen at RM1.85

Heitech Padu Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.35; valuation: 0.9) down 2.5 sen at 69.5 sen

MSM Malaysia Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) Bhd (fundamental: 2.8; valuation: 2) up two sen at RM5.35

Omesti Bhd (fundamental: 1.05; valuation 0.9) up 6 sen at 68 sen

The stock with negative momentum is:

Microlink Solutions Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.1; valuation 0.2) up 14 sen at RM1.58

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.)
[/size]