https://www.exchangerates.org.uk/data/currencies/live-sgd-cnh-exchange-rate

 

https://www.investing.com/currencies/usd-sgd-chart

 

https://www.hindustantimes.com/ht-insight/international-affairs/singapores-diplomacy-outreach-on-the-us-china-rivalry-101631021401989.html

 

JASON Moo, who spent more than two decades at Goldman Sachs Group, will become the new chief at the private banking unit of Oversea-Chinese Banking Corp (OCBC), according to a person with knowledge of the matter.

 

Moo, a Singaporean, will start at Bank of Singapore next year, said the person, who declined to be identified discussing confidential details. The executive left Julius Baer Group in mid-December and will succeed Bahren Shaari, who is set to retire at the end of 2022 after seven years in his current role.

 

Moo and a Bank of Singapore spokesperson declined to comment.

 

Bank of Singapore is among the top 10 private banks in Asia-excluding China, according to Asian Private Banker&rsquo s rankings, and manages about US$114 billion in client assets.

 

The new chief executive officer will need to navigate a highly competitive industry where global wealth managers from UBS Group to Credit Suisse Group and Citigroup are vying for more market share in Asia. Meantime, the anticipated global economic slowdown and volatile markets are contributing to lower transaction volumes among wealthy clients.

 

Moo was most recently head of private banking in South-east Asia at Julius Baer, which he joined in 2020 after his time with Goldman Sachs. At the US bank, he held roles including head of private wealth management for South-east Asia and Australia, as well as head of Asia-Pacific alternative capital markets in Hong Kong.

usdsgd 1.3482

https://www.marketwatch.com/investing/index/sti?countrycode=sg

 

long time after the collapse of

https://www.spglobal.com/commodityinsights/en/market-insights/blogs/oil/092420-after-hin-leong-collapse-of-a-singaporean-oil-prodigy

 

and three years of long covid 19 hypernation

https://en.wikipedia.org/wiki/2020%E2%80%9321_Singapore_circuit_breaker_measures

 

and crypto' s crashed in 2022

https://tenor.com/view/monopoly-gif-4907489

 

https://www.youtube.com/watch?v=jv5q042QTWw

https://www.investopedia.com/terms/d/decoupling.asp

 

https://www.youtube.com/watch?v=RHhWGI_d7b0

https://www.investopedia.com/ask/answers/05/ltbondrisk.asp

 

https://www.youtube.com/watch?v=OxGsU8oIWjY& t=77s

The Federal Reserve raised the fed funds rate by 50bps to 4.25%-4.5% during its last monetary policy meeting of 2022, pushing borrowing costs to the highest level since 2007, and in line with market expectations. It was a seventh consecutive rate hike, following four straight three-quarter point increases.

 

https://www.youtube.com/watch?v=ADh6QTp8798

https://www.perunconsultants.com/en/blog/2022/3/29/how-to-restructure-your-offshore-chinese-debt

 

https://globalrestructuringreview.com/article/hong-kong-court-warns-against-using-offshore-schemes-deal-us-debt

https://www.youtube.com/watch?v=_xjyERQI7Gk

 

 

Updated Dec. 21, 2022 4:59 pm ET

SAVE PRINT

Short sellers borrow shares and sell them with the hope of profiting by buying the stock back at a lower price later.
Tesla shares have fallen 61% in 2022, including Tuesday&rsquo s 8.1% drop, dinged by the higher interest-rate environment that has sent speculative stocks tumbling back to earth. Investors have also  grown increasingly concerned  that Mr. Musk&rsquo s attention is divided following  his takeover of Twitter Inc. The  reversal of Tesla&rsquo s fortunes  has been music to the ears of the stock&rsquo s many detractors who  watched in astonishment  when it kicked off a monster run in early 2020, with little regard for fundamentals.
Tesla traded around $30, on a split-adjusted basis, at the start of that year and eventually peaked above $400 in November 2021. Its valuation swelled to more than $1.2 trillion, making it one of the largest companies in the U.S. by market value. The stock closed Wednesday at $137.57, a two-year low.
&ldquo It has not been an easy road being a Tesla bear,&rdquo said Andrew Left, the founder of Citron Research who is known for betting against stocks. &ldquo It&rsquo s been a pain-in-the-ass trade.&rdquo  
Of course, many Tesla bears didn&rsquo t stick around. Some were forced to  call off their bets  and close their positions at a loss during the precipitous rise in the company&rsquo s shares. Collective mark-to-market losses on the trade were a whopping $51 billion over the course of 2020 and 2021, according to S3. Tesla has long been among the most shorted U.S. stocks. The rapid increase in the shares during the pandemic was exacerbated in part by the many short sellers who were forced to buy back shares to close their losing positions.
Short interest in Tesla peaked at more than $51 billion in January 2021, but has fallen to average $19.3 billion in 2022, according to S3. Roughly 3% of the stock&rsquo s free float is currently sold short, down from an average of 10% in 2020. 
Mr. Left, who was previously burned by his short position, says he promised himself at one point that he would never trade Tesla again. This summer, though, he says he began to get &ldquo FOMO,&rdquo or a fear of missing out, and he jumped back in. Mr. Left said he closed his position Thursday at a profit but sees room for the shares to fall further. &ldquo It&rsquo s still an expensive stock,&rdquo he said. &ldquo By no means is this over. As most stock traders will tell you, things don&rsquo t go from expensive to fairly priced. Things normally go from expensive to cheap.&rdquo
Tesla shares are trading at 42.5 times their earnings over the past 12 months, a far cry from their peak multiple of 1,765 from January 2021, according to FactSet. The S& P 500, in contrast, trades at 17.6 times earnings.
&ldquo People are starting to pay attention to some of the facts that they didn&rsquo t want to pay attention to before. Competition. Saturation. There&rsquo s a lot of factors involved that people were sweeping under the table,&rdquo Mr. Left added.
Also hurting the stock of late are Mr. Musk&rsquo s own share sales. The Tesla chief executive has sold more than $39 billion in stock since November 2021, in part to help finance his Twitter acquisition. His  most recent sale  was last week. Mr. Musk tweeted late Tuesday that  he would step down  as Twitter&rsquo s chief executive as soon as he finds a replacement. 
Tesla didn&rsquo t immediately respond to a request for comment. Mr. Musk has previously tweeted that short sellers were &ldquo value destroyers&rdquo and that short sales should be illegal. 
Lately, the stock has been the target of everyone from hedge-fund managers to  Microsoft  Corp. co-founder  Bill Gates.  In a series of tweets earlier this year, Mr. Musk  accused Mr. Gates of shorting  $500 million in Tesla shares. Mr. Gates didn&rsquo t directly answer questions about whether he was personally shorting the stock at The Wall Street Journal&rsquo s CEO Council Summit in May. A representative for the Gates Foundation didn&rsquo t immediately respond to a request for comment. 
Danny Moses, the investor famous for bets against the housing market who was portrayed in the 2015 movie &ldquo The Big Short,&rdquo said on CNBC Thursday that he is currently short Tesla and expects it to fall further.  &ldquo It&rsquo s still a $500 billion company and I don&rsquo t think that the fundamentals justify that valuation,&rdquo Mr. Moses said on &ldquo Fast Money.&rdquo &ldquo I think a lot of the stock price has been about his brand, and we&rsquo ve seen that now get hit a little bit. His attention span is being compromised.&rdquo
One group has refused to abandon Tesla despite this year&rsquo s sharp share-price declines: the retail crowd. Tesla has been the most-purchased stock among U.S. retail, or nonprofessional, investors this year&mdash dethroning  Apple  Inc., according to data from Vanda Research. The $15.2 billion of retail purchases is a record for Tesla.
&ldquo While purchasing across the market has softened, retail investors have continued to religiously buy into Tesla,&rdquo said Lucas Mantle, a data science analyst at Vanda Research.  If there&rsquo s one thing strategists agree on, it&rsquo s the difficulty of valuing Tesla given the retail interest and Mr. Musk&rsquo s cultlike following. 
Australian hedge-fund manager  John Hempton, founder of Bronte Capital, said his firm has a small short position in Tesla but struggles to apply its traditional criteria in evaluating the stock.
&ldquo Elon breaks our model,&rdquo Mr. Hempton said.
Write to Jack Pitcher at  [email protected]
Corrections & Amplifications
Tesla&rsquo s trailing price/earnings ratio peaked at 1,765 in January 2021. An earlier version of this article incorrectly said that it peaked at 1,196 in April 2021. (Corrected on Dec. 21)