Value If we are talking about the “old” SIAF and do not involve TRW you can do the math like this. A profitable company with some possible growth can easily be valuead at 5-10 times earnings. Now you only have to look up the yearly profits! If you want, you can also start calcalating TRW and a listing in Hong Kong. 16 usd was only a a fantasy number, all mathematic values are much higher.