Stocks With Momentum IGB REIT, Sern Kou, Yen Global, EKA, Farm's Best, Aturmaju, Hap Seng, See Hup

by **Cals** Sat 30 Jan 2016, 02:25

Stocks With Momentum

[size=28]IGB REIT, Sern Kou, Yen Global, EKA, Farm's Best, Aturmaju, Hap Seng, See Hup

By Meena Lakshana / theedgemarkets.com | January 29, 2016 : 1:27 PM MYT

KUALA LUMPUR (Jan 29): theedgemarkets.com highlighted eight stocks with momentum at Bursa Malaysia’s afternoon market close today. It showed one stock with positive momentum and seven with negative momentum.

The stock with positive momentum was:

IGB Real Estate Investment Trust ([You must be registered and logged in to see this image.] Valuation: 0.65, Fundamental: 2.80) - up three sen at RM1.43

Stocks with negative momentum were:

Sern Kou Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 1.00) - up 1.5 sen at 70.5 sen

Yen Global Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 0.35) - unchanged at 50.5 sen

EKA Noodles Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 0.35) - up one sen at 16 sen

Farm’s Best Bhd ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.35) - up 3.5 sen at 80.5 sen

Aturmaju Resources Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 1.25) - up two sen at 96.5 sen

Hap Seng Consolidated ([You must be registered and logged in to see this image.] Valuation: 2.10, Fundamental: 1.30) Bhd - up 26 sen at RM7.06

See Hup Consolidated Bhd ([You must be registered and logged in to see this image.] Valuation: 1.20, Fundamental: 0.75) - up three sen at RM1.18

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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