Stocks With Momentum NCB, Dominant, Ge-Shen, Harbour-Link, Kawan

by **Cals** Wed 10 Jun 2015, 21:06

Stocks With Momentum
NCB, Dominant, Ge-Shen, Harbour-Link, Kawan

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By Chong Jin Hun / theedgemarkets.com | June 10, 2015 : 1:22 PM MYT

KUALA LUMPUR (June 10): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon market close today. Three stocks show positive momentum while two show negative momentum.

Stocks with positive momentum are:

[size=14]NCB Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.05; valuation: 2) up 16 sen at RM3.16

Dominant Enterprise Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1; valuation: 1.8) up two sen at RM1.85

Ge-Shen Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.2; valuation: 1.1) up 3.5 sen at 76 sen

Stocks with negative momentum are:

Harbour-Link Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.7; valuation: 1.8) up eight sen at RM2.63

Kawan Food Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 3; valuation: 1.1) up three sen at RM2.72

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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