Hong Fok  Corp(SGX: H30) was trading at $0.7 on February 28th­­­­­ and after that the stock boomed, moving a whopping 40% in under 4 weeks time. The price translates to the current levels of $0.975 as of 22nd March. The stock has witnessed a very heavy trade volumes during the period as well, the 3-month average volume is 0.62 million while the latest trade volume stands at 6.59 million which suggests overwhelming trade heat in the Hong Fok stock.

Source: Singapore exchange

About Hong Fok corp., It is a real estate group with activities such as property development, property investment and management, investment trading and holding and allied businesses. The company was founded in 1967 and its activities are limited to the Singapore market. As most of the company’s business is in property development, it holds a good portfolio of assets under commercial, retail and restaurant space as well