Advance Synergy, Eden, Vsolar, Asia Poly, Frontken, TFP, Mpay, Tanco, RView, FCW, OCB, Metrod, Khee San, D’nonce, Acoustech

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KUALA LUMPUR (April 22): theedgemarkets.com has highlighted 15 stocks with momentum at afternoon market close today. Two of the stocks show positive momentum while 13 show negative momentum.

Stocks with positive momentum are:

Advance Synergy Bhd (fundamental: 1.65; valuation: 1.20) down 0.5 sen at 55 sen

Eden Inc Bhd (fundamental: 0.35; valuation: 0.90) up 0.5 sen at 31.5 sen

Stocks with negative momentum are:

Vsolar Group Bhd (fundamental: 0.60; valuation: 0) up 7.5 sen at 43 sen

Asia Poly Holdings Bhd (fundamental: 0.55; valuation: 0.80) up 4 sen at 49.5 sen

Frontken Corp Bhd (fundamental: 1.80; valuation: 0.30) up 2.5 sen at 30 sen

TFP Solutions Bhd (fundamental: 1.55; valuation: 0) unchanged at 23 sen

Managepay Systems Bhd (fundamental: 1.50; valuation: 0.60) up 1.5 sen at 34 sen

Tanco Holdings Bhd (fundamental: 0.55; valuation: 0.90) down 0.5 sen at 18 sen

Riverview Rubber Estates Bhd (fundamental: 0.90; valuation: 2) up 6 sen at RM4.05

FCW Holdings Bhd (fundamental: 1.35; valuation: 1.10) up 7 sen at RM1.49

OCB Bhd (fundamental: 1.25; valuation: 2) up 1.5 sen at 94 sen

Metrod Holdings Bhd (fundamental: 1.55; valuation: 2) up 1 sen at RM1.81

Khee San Bhd (fundamental: 0.30; valuation: 1.10) up 4 sen at 71.5 sen

D’nonce Technology Bhd (fundamental: 1.10; valuation: 0.90) down 3 sen at 43 sen

Acoustech Bhd (fundamental: 2.25; valuation: 1.20) up 4.5 sen at 72.5 sen

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 thatmomentum 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 thestocks, 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. Go to www.theedgemarkets.com for details on a company’s financial dashboard.)