Sapura Energy’s E&P listing plan hits snag
KUALA LUMPUR: A plan by oil and gas firm Sapura Energy Bhd to spin off its exploration and production (E&P) division for ... thestar

I think the high debt will come in financing of their raw material or in terms of OD, thus will translate into better margin when we read from the financial report.

I believed the company did try to cool down the investor by stating the reasoning behind better result in 2016 and 2017 in the accompanied page 8 and 9.

Only to justify, sales comes lesser with less spending from the consumer, which I find it justified. As well as the retreat of IDR, rupiah. Do remember MFM has a good biz percentage contributing from Indonesia.

Yes, I do agree is unusually higher debt for a consumer product company. But at the same time, we have to remember they have been venturing into Indonesia and Vietname with new factory.

But seriously, I might be trimming my holding on this stock, analyzing the fact that MFM may not be in the best shape to handle their plan to grow big. Still, is a decent stock compared to many.