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Scrapping quarterly reporting a bad move

It'll worsen information disparity between insiders and investors; neither continuous disclosure nor stronger regulation is a substitute.

If there are concerns about whether quarterly reporting adds value, regulators should also consider how to improve it, and not just consider dropping it.

ON April 28, Noble Group held its annual general meeting (AGM) for the financial year ended Dec 31, 2016, then shocked the market at 10.37 pm on May 9 with profit guidance for its unaudited 2017 first-quarter results indicating a likely net loss of around US$130 million. By the end of the next...

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