Diggg
Look at the business model. Very important to note that the company is vertically integrated. Also note that the company relies on joint venture partners to provide the rapid growth. I would compare this business model in some ways to a franchise holding company. SIAF provides local farmer coops with technology support, animal food, etc then buys the semi mature cattle from them, finishes the grow out, uses their own slaughterhouse and markets the product in their own wholesale and retail operations. On the fish, prawn, eel side, they use JV partners in the same manner in order to participate in all stages of the supply chain. The marketing is aimed at the upper middle class and higher end of the economic scale by selling superior products that have high profit margins.
