Stocks With Momentum Sarawak Cable, GreenPacket, Ekovest, Pensonic, Kretam, Kimlun, KESM, Jaya Tiasa

by **Cals** Wed 06 Jan 2016, 22:23

Stocks With Momentum
Sarawak Cable, GreenPacket, Ekovest, Pensonic, Kretam, Kimlun, KESM, Jaya Tiasa
By Supriya Surendran / theedgemarkets.com | January 6, 2016 : 1:18 PM MYT

KUALA LUMPUR (Jan 6): theedgemarkets.com has highlighted eight stocks with momentum at afternoon market close today. Two stocks showed positive momentum and six stocks displayed negative momentum.
The stocks with positive momentum were:
Sarawak Cable Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 0.55) — up 10 sen at RM1.85
Green Packet Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 0.35) — unchanged at 27 sen
The stocks with negative momentum were:
Ekovest Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 1.15) — up 1 sen at RM1.22
Pensonic Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 3.00, Fundamental: 1.10) — up 2 sen at 65 sen
Kretam Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.15) — up 3 sen at 49.5 sen
Kimlun Corporation Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.70) — up 5sen at RM1.52
KESM Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 2.50) — up 18 sen at RM5.50
Jaya Tiasa Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 0.30) — up 3 sen at RM1.67
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 momentumgenerally 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.)