Stocks With Momentum Asia Poly, Mieco Chipboard, Hartalega, Xidelang, OSK Property

by **Cals** Fri 10 Jul 2015, 00:42

Stocks With Momentum
Asia Poly, Mieco Chipboard, Hartalega, Xidelang, OSK Property

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By Joshua Lim / theedgemarkets.com | July 9, 2015 : 1:05 PM MYT

[size=14]KUALA LUMPUR (July 9): [size=12]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.[/size]

Stocks with positive momentum are:

[size=14]Asia Poly Holdings Bhd (fundamental: 0.55; valuation: 0.5) up one sen at 67 sen[/size]

[size=14]Mieco Chipboard Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 0.65; valuation: 0.9) up four sen at 84.5 sen[/size]

[size=14]Hartalega Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 2.6; valuation: 0.5) down 10 sen at RM8.87[/size]

Stocks with negative momentum are:

[size=14]Xidelang Holdings Ltd ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.3; valuation: 1.5) up 0.5 sen at 15 sen[/size]

[size=14]OSK Property Holdings ([You must be registered and logged in to see this image.] Financial Dashboard) (fundamental: 1.9; valuation: 3) unchanged at RM1.93[/size]

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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