Stocks With Momentum Minho, iDimension, Hap Seng, APFT, NCB, YSP, Jerasia

by **Cals** Wed 01 Jul 2015, 01:07

Stocks With Momentum
Minho, iDimension, Hap Seng, APFT, NCB, YSP, Jerasia

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By Joshua Lim / theedgemarkets.com | June 30, 2015 : 1:08 PM MYT

KUALA LUMPUR (June 30): [size=12]theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's afternoon market close today. One stock shows positive momentum while six show negative momentum.

The stock with positive momentum is:

Minho (M) Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.7; valuation 1.1) up seven sen at RM1.27

Stocks with negative momentum are:

iDimension Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.45; valuation: 0.3) up 0.5 sen at 13 sen

Hap Seng Consolidated Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.3; valuation 2.1) down 23 sen at RM5.25

APFT Bhd (fundamental: 0.2; valuation: 0) up 0.5 sen at 21 sen

NCB Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.05; valuation: 0.8) up six sen at RM3.57

YSP Southeast Asia Holding Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.5; valuation: 2) up six sen at RM2.62

Jerasia Capital Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.8; valuation: 1.7) up 2.5 sen at 91 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.

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(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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