Stocks With Momentum Golden Pharos, Dufu, SIG, BHS, Tien Wah, Dolomite, Concrete Engineering, KPS Consortium, Acoustech, BIG, PCCS, Silver Ridge, Jaya

by **Cals** Wed 13 Jan 2016, 20:03

Stocks With Momentum

[size=28]Golden Pharos, Dufu, SIG, BHS, Tien Wah, Dolomite, Concrete Engineering, KPS Consortium, Acoustech, BIG, PCCS, Silver Ridge, Jaya Tiasa

By Chen Shaua Fui / theedgemarkets.com | January 13, 2016 : 1:30 PM MYT

KUALA LUMPUR (Jan 13): theedgemarkets.com highlighted 13 stocks with momentum at Bursa Malaysia's afternoon market close today. Two stocks showed positive momentum while eleven stocks had negative momentum.

Stocks with positive momentum were:

Golden Pharos Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.95) - up 3.5 sen at 55.5 sen

Dufu Technology Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.70) - up 10.5 sen at 61.5 sen

Stocks with negative momentum were:

SIG Gases Bhd ([You must be registered and logged in to see this image.] Valuation: 2.00, Fundamental: 1.60) - up 2.5 sen at 65 sen

BHS Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 1.20) - up one sen at 54.5 sen

Tien Wah Press Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 2.60, Fundamental: 1.80) - up four sen at RM3.21

Dolomite Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 0.65) - up three sen at 62.5 sen

Concrete Engineering Products Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 0.75) - up one sen at RM1.82

KPS Consortium Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 1.00) - up two sen at 58.5 sen

Acoustech Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 2.50) - up 1.5 sen at 71 sen

BIG Industries Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.35) - up two sen at 77 sen

PCCS Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.35) - up 4.5 sen at 78 sen

Silver Ridge Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.95) - down one sen at 14.5 sen

Jaya Tiasa Holdings Bhd ([You must be registered and logged in to see this image.] Valuation: 1.40, Fundamental: 0.30) - up two sen at RM1.72

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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