Kenfair popping along

Hong Kong exhibition organiser Kenfair listed in April 2002 at HK$1. For a while, it traded comfortably, although not dramatically above that. Over the past couple of years, though, it has fallen out of favour and has hovered around the HK$0.70 mark.

As this Yahoo! chart shows, though, things started to move quite dramatically on 11th June. It really popped on 14th and closed yesterday at HK$1.38. That's an 89% pop in three weeks.

What's going on here? Is somebody building a strategic stake or does this just signify new interest in China-related B2B media stocks in advance of Alibaba Group's expected IPO? Global Sources has also seen a healthy run-up in the past couple of months, from a May 1st opening of US$17.34 to a close yesterday of $23.47. It's now trading just shy of its original $24 listing price.

Keep an eye on these. Somebody's making some money somewhere.