Replies to post #16751 on Sino Agro Food Inc (fka SIAF)

[Lucky Loser]

From 10Q: Management anticipates that preliminary operation of WSPS will start in August 2012.

[treit2002]

Appears that Dragon Head designation will help in spinning off to Hong Kong or Singapore exchange, as well as helping SIAF's relations with the Chinese governemnt for all ventures:


The Dragon Head designation is also known as the “Flagship Company of the Industry”.

The government policy for the Dragon Head award states that "Successful economic development depends upon effective leading businesses that not only communicate but implement ideas". The criteria from which a company is nominated to the Dragon Head status includes the following:

- Demonstrate leadership, excellence, and commitment to innovation in its industry.


- Support local, regional, and national government initiatives.

- Conduct business with a high level of integrity.

- Produce a value-added product or service, be highly profitable and have strong financial and R&D capability.

- Demonstrate a competitive advantage, have independent control of its products, and specialise in one or a few certain areas.

- Demonstrate the capability and commitment to advance, grow, and lead their industry forward.

[treit2002]

unbelievable 260MT shrimp sold in 3 weeks? when is WSPS ready for ops ?

This was the biggest news on the call. The vertical integration is ahead of schedule, and it is now easy to see that distribution (and retail to follow) already are meaningful revenue contributors, and will grow over time. WSPS sales are to start right away.

He did caution that the 260MT peeled shrimp contract is seasonal. But they will import more and more varieties. Could easily see $10M+ revenues in the second half, maybe $2.5M Q3 and $7.5M Q4, since he chose to characterize Q4 as "substantial." Expect 2013 to possibly approach $20M/Q based on capacity defined and guess of $10,000/MT.

Could be more than one WSPS in 2013, as well (plus more retail outlets and restaurants).