Thursday 13 June 2024

WiseGuy inside The Corporate Mafia : Force Nine on the Beaufort Scale

THE Beaufort Wind scale is an empirical measure that relates wind speed to observed conditions at sea or on land.

TYPICALLY,  a force nine on the scale can be best described as dense streaks of foam along the direction of the wind. Crests of waves begin to topple, tumble and roll over. Spray may affect visibility with slight structural damage occurs.

IF Leong Seng Wui has any doubts that force 10 on the scale is about to hit, I suggest he uses his mobile phone and talk to the individual saved in his phone as V C on why Kenny Khow Chuan Wah has resigned from all the public listed companies over the past six months.

OR even ask Teh Chee Hoe, why over the past 48 hours, he desperately wants to quit.

BUT better still just ask Mr Market why investors have started to throw South Malaysia Industries Bhd, the moment Leong Seng Wui's name appeared as a substantial shareholder.

ON a day where Bursa Malaysia's key index had another strong showing, South Malaysia Industries was tanking like it had LEPROSY, to close 11 per cent down to 54.5 Sen