Sino Agro Food Inc (fka SIAF)

[RealDutch]

TRW booked a profit of $32M in 2017. It is valued at $340M (100M shares x $3.40). That gives you a P/E of 10.6.

Look up the average P/E on any exchange.

TRW is not your ordinary company. It will grow much faster than the average company. Which should give us a P/E close to 30 in Hong Kong. It could be much higher even.

A P/E of 10 does not reflect TRW's fundamentals or growth expectations. Therefore I'm not misleading anyone. Neither is the company when they book the assets at cost.