as far as I observe, business in china, either go big or go broke, I guess to this extent, SMA has a noticeable success of its strategy.
I think SMA stated some time ago, their receivable term is 90 days, i presume if they have bad debt for 1H16, they would have flagged it by now.
between MBE and SMA, I personally like SMA, it has become a "GO TO" man in a billion populated country, you dont need to expand to anywhere else.
I sold my SMA parcel about 6c some time ago, I was anticipating growth out running cash flow. but even SMA has a cap raise, I dont think retailers will have a chance, so everything is on the market to buy and sell, no more options and certainly no debts not like MBE. 100mil cap is cheap imo, so 4 something cent.
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