Sino Agro Food Inc (fka SIAF)

[ks1977]

Less fluff this time? That's an improvement. We still have a long way to go, and we need to wait a quarter or two before we can see whether this is a change of mindset, but I do like that they now are more upfront with the bad and not as fluff with the good (or fantasies). Some quotes from the Q3;

These efforts have resulted in each standalone business stabilizing or improving. Integrated Cattle (SJAP) is being deemphasized in the near term due to adverse market conditions; however, it is self-sustaining, showing a small net operating profit in Q3

The same is true of the Plantation segment, although it must recover from some damage suffered as a result of Typhoon Mangkhut.

That was a "guidance" for you, RD.

The live cattle market remaining depressed negatively impacted sales of livestock feed. SJAP increased fertilizer sales by incentivizing district farmers to plant new crops, overcoming the loss of traditional sales to local cooperative cattle raisers.

Cattle operations at HSA have been delayed due to the Company’s restriction on capital expenditures, as well as limited progress made by the local government with its industrial development plan.

HSA will maintain its direction to keep its capital expenditure as low as possible and to lease out some of its assets that are currently
unproductive until such time as it will have built up enough of a cash flow position to afford further capital expenditure

.
HSA can't sell the land, can they? Leasing it out is the best option (for 1-2 years).

MEIJI revenue and profit in the quarter would have been greater, but were restrained by 357 head of cattle being quarantined, delaying their sale until Q4.

That was a hidden "guidance" for you, RD.

There were good crops of passion fruit ready and targeted for harvest in Q4 2018, but unfortunately Typhoon Mangkut damaged all 25 acres
of passion fruit. Flooding spoiled part of the cash vegetable crops (about 100 acres) which will impact income in Q4 2018

.
And that was another guidance for bad times for HU in Q4.


This one is for you, RD. Fluff or "hidden" information?

The Organic Fertilizer (HSA) and the Cattle Farms (MEIJI) segments are both exhibiting generally growing trends expected to continue as previous capital investments are beginning to generate returns
and/or strategic partnerships are adding revenue without new capital investment.

This one as well;

It [SJAP] has longer term plans to revitalize and develop the HuangYuen City Center into a trading center for the cattle and beef industry, capitalizing on its current and proposed commercially zoned land bank used by local farmers who contribute to the region’s sale of four million head of cattle annually.