Sino Agro Food Inc (fka SIAF)

[treit2002]

I will. In the 2012 Investor Presentation, they guided for Rev= 145M, eps= 0.68, NTA= 215m, Earnings = 56m, WAOS= 70.5m. Except for the last point (as we well know, with WAOS expected now to be 87m in 2012), all the other numbers will probably be met or exceeded.

Good post, Viking.

Important to keep in mind that they are making guidance despite share issuance. Clearly more funding will create a return, though one that is almost impossible to believe is as good as to return on the vastly higher capital development funding.

Perhaps, SIAF under promised. But, they did expedite their plans to integrate vertically by building the first wholesale center and import export earlier than planned.

Will be interesting to see what revenues come from this vertically middle business both in the 4th 2012 quarter, and 1st 2013 quarter.

Should be noted that the only way to make earnings guidance with significantly more shares yet without higher than projected revenues is to increase margins by the same ratio as extra shares.

The margins were indeed very high in the third quarter. Beyond margins, and if the wholesale center did begin to ramp,4th quarter revenues and earnings look to be very good.