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  theedgemalaysia.com identified three stocks with negative momentum at Bursa Malaysia by the afternoon close on Monday, based on a proprietary algorithm that tracks trading volume and price movements . The highlighted stocks all exhibited negative momentum , indicating a falling price trend on volume. The stocks with negative momentum were: Hextar Technologies Solutions Bhd (KL ) — up one sen or 0.81% to RM1.24 PLB Engineering Bhd (KL ) — up one sen or 0.86% to RM1.17 Sin-Kung Logistics Bhd (KL ) — down 1.5 sen or 7.14% to 19.5 sen The momentum list helps traders track higher-than-normal volume and price movements , categorized by either positive (+ve) or negative (-ve) momentum. However, it is not a recommendation to buy or sell , as momentum typically persists for only a short period. Each stock comes with a fundamental score and valuation score to help traders assess its attractiveness if they want to capitalize on the momentum.

SKB Shutters Corp Bhd (-ve) Shares in SKB Shutters Corp Bhd (fundamental: 0.75/3, valuation: 0.9/3) triggered our momentum algorithm last Friday for the first time. It saw a total of 4,000 shares  traded that day, versus its 200-day average volume of 823.5 shares. The counter closed up 2.5 sen or 3.85% at 67.5 sen. In April, SKB secured a US$10.8 million contract for the supply of racking solutions and automated storage and retrieval system (ASRS) for Hund Vuong Corp Ltd, one of the largest seafood processing and  export groups in Vietnam. The company also indicated it was expecting more business from the racking solutions and ASRS segment, going forward. For the financial year ended June 30, 2016, the company reported a narrower net loss of RM423,000, compared with RM515,000 in the previous year, after a 9% increase in revenue to RM55.77 million. SKB is trading at 0.34 times its net asset value. It did not pay dividends for the financial year ended June 30, 2...

RGB International Bhd (-ve) Shares in RGB International Bhd (fundamental: 2.5/3, valuation: 1.8/3) saw some 54.6 million shares done last Friday, compared to its 200-day average volume of 6.91 million shares. It closed up 1 sen or 5% at 21 sen. Since early October, RGB’s share price has been trending upward, gaining 4 sen or 23% since its close at 17 sen on Oct 4. In its second quarter ended June 30, 2016, RGB reported a net profit of RM6.98 million, up 6% from RM6.56 million in the previous year’s corresponding quarter. Revenue gained 16% to RM58 million, from RM49.88 million. Cumulatively, net profit for the first half of its financial year was 19% higher at RM12.91 million, compared with RM10.89 million in the previous year, while revenue climbed 29% year-on-year to RM114.09 million. RGB’s price-to-net-asset-value stood at 1.51 times. It paid 1 sen per share in dividends for its financial year ended Dec 31, 2015. Source:  http://www.theedgemarkets.com/my/article...

Bio Osmo Bhd (+ve) LAST Friday, shares in Bio Osmo Bhd (fundamental: 1.85/3, valuation: 0.3/3) triggered our momentum algorithm for the first time. The counter closed 1 sen or 20% higher at 6 sen, with a total volume of 5.1 million shares. Its 200-day average volume was 409,516. The loss-making bottled water manufacturer recently completed its placement exercise to fund its diversification into hotel management business, via a subscription of a 75% stake in Intra Magnum Sdn Bhd (IMSB) for RM18.75 million. The balance 25% will be held by Impiana Sdn Bhd. IMSB is developing the Impiana Resort & Residences Cherating in Kuantan, and has entered into three hospitality management agreements with Impiana Cherating Sdn Bhd, Impiana Hotel Ipoh Sdn Bhd and Impiana Tioman Sdn Bhd. Bio Osmo’s stock currently trades at 1.5 times its net book value. Bio Osmo did not pay dividends for the financial year ended Dec 31, 2014. Source:  http://www.theedgemarkets.com/my/article/stock-m...

Jerasia Capital Bhd (+ve) SHARES in Jerasia Capital Bhd (fundamental: 0.35/3, valuation: 1.1/3), which gained one sen or 1.49% to close at 68 sen yesterday, triggered our momentum algorithm for the first time this month. One million shares were exchanged, compared with the stock’s 200-day average volume of 89,621. The company’s share price has risen significantly since last week, jumping 16.5 sen or 32% to close at 67.5 sen on Oct 19, from its closing of 51 sen on Oct 18. The jump triggered an unusual market activity query from the bourse regulator, though Jerasia said it wasn’t aware of the reason behind the sudden gain. For the second quarter ended Sept 30, 2015 (2QFY16), the company’s net profit rose 32% y-o-y to RM1.28 million, as revenue rose 18% to RM94.92 million. Jerasia is trading at 0.39 times its net book value. Source:  http://www.theedgemarkets.com/my/article/stock-momentum-jerasia-capital-1

Cepatwawasan Group Bhd (-ve) SHARES in Cepatwawasan Group Bhd (fundamental: 0.7/3, valuation: 2/3), which triggered our momentum algorithm yesterday for the second time this year, closed up two sen or 2.55% at 80.5 sen. It saw 1.28 million shares traded, versus its 200-day average volume of 120,745. The oil palm planter’s share price spiked recently, after it announced a 187% jump in net profit to RM10.4 million for the third quarter ended Sept 30, 2016 (3QFY16), from RM3.62 million a year earlier, on higher sales volume and better crude palm oil and palm kernel prices. Revenue rose 8% year-on-year to RM79.08 million. Subsequently, its shares gained 9.5 sen or 14% to close at 78.5 sen on Oct 21, from 69 sen on Oct 20. Cepatwawasan is trading at 0.52 times its net book value. Source: http://www.theedgemarkets.com/my/article/stock-momentum-cepatwawasan-group

Versatile Creative Bhd (-ve) SHARES in Versatile Creative Bhd (fundamental: 0/3, valuation: 0.55/3), which triggered our momentum algorithm yesterday, slipped one sen or 0.76% to RM1.31 after 2.61 million shares were done; in contrast, its 200-day average volume was only 445,508.5 shares. In May, the loss-making company secured a contract to build a halal vaccine plant along with a pharmaceutical plant and research centre in Bandar Enstek Industrial Park, Negeri Sembilan, for US$69.3 million. The contract was awarded by Oriental Mace Sdn Bhd, which is part of Oriental Mace Group that is led by Professor Dr Wong Kong Yew as chief executive officer. On Aug 29, it was revealed that Wong had inked an agreement with Versatile executive chairman Datuk Lee Kwee Hiang to buy the latter’s 18.33% stake in Versatile at RM17.21 million or 80 sen per share. Versatile is trading at 3.72 times its net book value. No dividends were paid out for the financial year ended March 31, 201...

The FBM KLCI gained 8.62 points or 0.5%, tracking Asian shares' rise as the ringgit strengthened with crude oil. At the 5pm closing bell, the KLCI settled at 1,654.84 points while the ringgit strengthened to 3.9967 against the US dollar. The KLCI and ringgit gained as Asian shares recovered from the immediate impact of the UK's European Union exit (Brexit) decision. In China, the Shanghai Composite rose 1.91%, while Hong Kong's Hang Seng gained 1.27% and Japan's Nikkei 225 climbed 0.6%. Reuters reported that Hong Kong stocks climbed on Monday for a third straight session of gains, as higher commodity prices and hopes of more stimulus measures from Beijing boosted resources shares, and investors built up positions amid ample liquidity in the market. Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. Brent crude futures were trading at ...