Monday 18 March 2024

I said it ; Hong Seng Satu Sen ; the Barbarians Are At The Gate!!!

HONG Seng Consolidated Bhd shares are now trading at Satu Sen a share, which must be a body blow for the corporate mafia, as doubts emerge that their invisibility has been cracked.

AND with those doubts, talks have intensified that a crack down on the once invisible Corporate Mafia is on the cards.

BACK in February, I had already written that READ : Hong Seng at Satu Sen will definitely be on the cards.

SO what's the big deal in predicting a 2 Sen share will be trading at Satu Sen or below? 

NOTHING much really, but the manner the shares have fallen seems to suggest, this was not pre planned by those who were managing the shares especially the ones parked at CIMB, followed by JP Apex and ...

YES, it's a known FACT, that Victor Chin Boon Long has a huge line with a Singaporean Bank that has a broking house in Kuala Lumpur, but what if the Singaporeans, were to SOON pull out the line?

WHAT if Temasek Holdings, Singapore's second-largest sovereign wealth fund have been well briefed on specific Environmental, Social and Governance (ESG)  violations? 

IF indeed that is the case, then just look out at the window ; the Barbarians are at the GATE.