Sino Agro Food Inc (fka SIAF)

[RealDutch]

So either KGJI and NUIN come up in price or SIAF has to come down in price. That's in my world. And probably RD's too.

Sector valuations matter. Right now the companies with some decent growth are trading at 20% of book. The ones that don't, 10% of book. SIAF is trading at 34% of book, so the market does recognize the superior growth rate. And it is in a wait and see mode now. But I would say it's trading in line with the sector.

KGJI, at 13% of book is exactly in line with the sector. Well, if they do well going forward then it's a good buy.

NUIN at 6.3% of book should be trading at 30%. Because they are making a lot of money and there could be a hidden growth story as well. No dilution and a lot of cash. If they announce a dividend, the stock will jump 200%. Any other press release that the market likes, up 100%. A buy-out, 1000%. You need a bit of luck in life.

Of course longer term SIAF is the right play. Because the market doesn't understand about their competitive advantages.