"It is weird to see the company losing money"

Too right Castor.

The Standard newspaper in Hong Kong carries an interesting piece today on the profit warning issued by Kenfair last week. The piece quotes Sun Hung Kai Financial strategist Castor Pang Wai-sun saying: "It is weird to see the company losing money. Trade fairs continue to be a money-making business. Europe and the United States are constantly being overbooked, even in Hong Kong and the mainland."

"It is about catching on to the trend and perhaps the company has missed out. Overall, business opportunities for trade fairs should be good," another analyst is reported as saying.

We agree that it's weird. Kenfair has a couple of really strong fairs. They seem to have dropped the ball when it comes to over-seas expansion. As a listed company, it is looking increasingly like a target. Likely buyer? How about Alibaba as it looks to find ways to use the proceeds of its IPO? They say no. We say, never say never.