Iceberg casts doubts on Noble review move

Singapore

ICEBERG Research on Tuesday afternoon fired another salvo at Noble Group, expressing doubt that the appointment of PricewaterhouseCoopers (PwC) to conduct a review will solve the commodity trader's problems.

"Noble has not clearly defined the scope of the review," said Iceberg Research, which believes that PwC will work on the valuation framework, rather than the valuation of the portfolio itself.