Petrejus,
I hope you are right.
But I'd add a few cautionary notes to Mr. Tan's comments:
1) Perhaps they were an off-handed, verbal and a very general guess. I would take the comments lightly if it were a company I was not familiar with. But the prospect is not out of line for this company, which itself is fairly amazing. However,
2) He probably meant revenues, which would include this year's 150% growth; therefore, the next two might be 75%, and still average 100%
3) If he meant revenues (or even income), he meant it in absolute dollar terms, almost certainly. So 100% increase in revenues might mean something like 85% increase in revenues per share, this year.
4) Net margins will definitely go down as time goes by, so 100% growth in revenue (85% in revenue per share) will not equal 100% growth in income (nor 85% in earnings per share).
All of SIAF's projections have proven optimistic. Ironically, I think they do include a margin for error, or a % of capacity, but they are from a fundamentally optimistic base, failing to discount for various exigencies like poor weather for HU, higher than expected disease in one or another fish or cattle farm, etc.
I agree that Solomon wants to beat expectations, but I think he has set them too high to do so, without exceptional overall circumstances.
Thing is, they absolutely don't have to double eps to triple the share price, each of the next two years, with room to go in a third, if everything else falls into place.
