Treit, that's a good question. I have no answer to this. The market apparently doesn't care at this time. So many things can still go wrong until we are dual listed. I guess people just don't believe it yet or simply have no interest. At SIAF there is also just too much supply coming in lately.
Just look at AERL. They announced that they are actively looking for details for a dual Hongkong listing. And what happened to the stock? It's right back now where it was before the announcement. AERL is clearly 2 steps in front of SIAF as far as dual listing is concerned and even they can't get any respect for it. Tough sector.
Why would the perception of something happening in the future wait for it to actually happen? If dual listing is a big deal -- and I agree that it is -- why wouldn't the price reflect this beforehand? Maybe a week, maybe a month, maybe a quarter, maybe a year; why not little by little, if there's even a 50% chance that the dual listing will result in a ttm p/e of just 4, a 6 bagger from here!!
