Noble Group Limited (SGX:CGP) is the stock that investors love to hate on the Singapore Exchange. Even since a blogger, Iceberg Research, has published a negative report on the company back in 2015, Noble Group has been showing nothing but weaknesses for the past two years.

Over the past two years, Noble Group has seen massive write-downs in its business, running in the billions. Its founder, Richard Elman has even stepped down as its long-term chairman back in 2016. This was followed by its CEO, Yusuf Alireza’s resignation a few months later. Now it seems Noble Group is like an orphaned child wandering in the Singapore Exchange, unwanted, deserted, directionless.

The blogger, Iceberg Research, has been following up with the development of Noble Group since its initial report back in 2015. Just last week, the blogger started to take aim at a different target to attack, the regulators. …