Hong Fok (SGX: H30) was trading at $0.7 on February 28th­­­­­ and after that the stock skyrocketed a whopping 40% in under 4 weeks time to $0.975 on 22nd March.

The stock has witnessed 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 – that explains the price surge.

Source: Singapore exchange

Founded in 1967, it is a real estate group with activities such as property development, property investment and management, investment trading and holding and allied businesses. 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 as residential and freehold high rise space.

Some meritorious properties of Hong Fok are: