Stocks With Momentum China Stationery, Pan Malaysia Corp, PRG, Tropicana, MWE, Petron

by **Cals** Tue 01 Dec 2015, 00:34

Stocks With Momentum

[size=28]China Stationery, Pan Malaysia Corp, PRG, Tropicana, MWE, Petron

By Chong Jin Hun / theedgemarkets.com | November 30, 2015 : 1:20 PM MYT

KUALA LUMPUR (Nov 30): theedgemarkets.com highlighted six stocks at Bursa Malaysia’s afternoon market close today. The list showed two stocks with positive momentum and four with negative momentum.

Stocks with positive momentum were:

China Stationery Ltd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.50) — up 1.5 sen at 17 sen

Pan Malaysia Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 1.50) — up three sen at 23 sen

Stocks with negative momentum were:

PRG Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.10) — up 0.5 sen at 79.5 sen

Tropicana Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 2.10, Fundamental: 1.50) — up one sen at 99 sen

MWE Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.20, Fundamental: 0.55) — up 19 sen at RM1.58

Petron Malaysia Refining & Marketing Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.50) — up 19 sen at RM3.55

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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