Sino Agro Food Inc (fka SIAF)

[jyyoo]

Yes, they are going to lease out existing assets to increase cash flow. It's about time. And they are continuing to limit capex. 30% dividend yield at current levels just from the cash dividend, not including Tri-way preferred shares.

10-Q Page 7:

During Q2 2018, HSA’s 2nd production plant started production having sold 3,690 MT of Organic Mixed Fertilizer for $1.57 million (or 100% increase) compared to Q2 2017’s zero quantity of sales in organic mixed fertilizer due to the retrofitting of this production plant. As such, HSA will improve its profit from here onward with the operation of two production plants.

At the same time, the delay in its cattle operation is due to both the Company’s restriction placed on what’s made available for capital expenditures as well as the lack of progress made by the Local Government with its industrial development plan of the LimLi district, where HSA owns over 250 Mu of industrial zoned land that remains very limited at its appraised value. In the interim, HSA is negotiating with potential third parties with synergistic operations on leasing out some of its existing assets and properties in an effort to gain some non-operational profits on its holdings. HSA is expecting closing on some of the leasing contracts within Q3 2018.