Sino Agro Food Inc (fka SIAF)

[jyyoo]

"I fully expect a return to year over year positive revenue comparisons in 2019."

"The Company believes that for most segments, revenue and profit margins will improve organically, assuming underlying market conditions remain stable."

"And as noted earlier, several new projects or complementary businesses have commenced in Q4, with others intended for 2019. As these reach anticipated levels, we expect the total accretive impact to be at least low double-digit percentages."

"With all SIAF owned business segments stabilized or on a modest revenue growth trend, the Company is dedicated to managing toward positive cash flow, concentrating its efforts on improving aquafarm efficiency, increasing aquafarm production, and then raising aquafarm capacities. Tri-way began its own trading business during Q4, and will generate incremental cash flow during 2019."

The quotes above are what the company last stated in their Q&A. I'm not expecting much from SJAP but it would be nice if you're correct in that the beef market prices have bounced back. Regardless, it seems pretty clear revenue/income/cashflow should be improving in 2019; something we haven't seen in years. The company never gave any form of guidance like they did in this past Q&A, mostly because they didn't want to talk about decreasing revenues etc. They always talked about hopeful stabilization, but now that things have actually stabilized and we're returning to revenue growth they're fine giving some guidance. Base case, SIAF will make more money than it did last year, regardless of financing which will of course be enormous drivers if/when accomplished.

Sounds like there has been some recovery in the beef market for SJAP?