Replies to post #37681 on Sino Agro Food Inc (fka SIAF)

[viking86]

right, this quarter is the proof of first major shift in rev structure that S talked about 3 months ago, namely going forward cattle will be the main rev source for SIAF. Cattle (beef/fert/cattle farm) accounts for 42% of total revenue vs. only 12% last year. As WCs and trading revenues increase, they will take more and more away more from fishery rev (currently 58% of total rev).

[viking86]

to your point #2, from the PR that just came out, looks like FF1 will be growing Eel instead of Sleepy Cod:

The Company plans to nurture Flower Pattern Eels' fingerlings into adult eels (500 gram / eel and upward) that will be supplied to Fish Farm 1 and the open dam farm and for these farms to grow the adult eels into marketable sized eels (1.5 kg / eel and larger) which at present are selling at high prices of $27 - $28 per kg. The Company expects its first shipment of fingerlings imported from Madagascar to arrive in China during the third week of May 2013.