Sino Agro Food Inc (OTCBB:SIAF) continues to be one of the top traded stocks on the bb’s in recent months making a highly explosive move up that recently topped $15 a share.
SIAF has been held down for too long considering the Company did $107,220,059 in sales for the 3 months ended September 30, 2014 and currently trades at a $273 million market valuation.
Sino Agro Food Inc(OTCBB:SIAF) is an agriculture technology and natural food holding company with principal operations in the People’s Republic of China. The Company acquires and maintains equity stakes in a cohesive portfolio of companies that SIAF forms according to its core mission to produce, distribute, market and sell natural, sustainable protein food and produce, primarily seafood and cattle, to the rapidly growing middle class in China.
SIAF provides financial oversight and strategic direction for each company, and for the interoperation between companies. The Company owns or licenses patents, proprietary methods, and other intellectual properties in its areas of expertise. SIAF provides consulting and services to joint venture partners to construct and operate food businesses, primarily producing wholesale fish and cattle. Further joint ventures market and distribute the wholesale products as part of an overall “farm to table” concept and business strategy.
SIAF largest and most scalable businesses are indoor and semi-enclosed open dam aquaculture production. This includes a variety of seafood, prawns, and eel, and also a production of over 60 cuts of beef and lamb.
Recently SIAF entered into two contracts with Tesco Plc (OTCPK:TSCDF) to become both a supplier and an in-store butcher shop concessionaire of beef and lamb. Sino Agro will provide its own brand of product lines, as well as design for its in-store butcher shops. Supply of beef and lamb will start in major Shanghai Tesco stores, and branded outlets will expand in phases. This will provide for a most cost effective and cash flow effective manner to integrate the distribution and retail levels of SIAF business models.
Tesco is one of the largest grocery and merchandise retail chains in the world, operating almost 7,000 stores with revenue of US$120 billion. On May 29, 2014, Tesco formed a joint venture with China Resources Enterprise, Ltd. (“CRE”), operators of the “Vanguard” retail chain, to create the largest multi-format retailer in China.
Back in January the Company said that the Agricultural Development Bank of China (ADBC) has doubled its loan facilities to SJAP to 80M RMB (from 40M RMB). In November 2014, Sino Agro announced it would evaluate and explore proposed listing and M&A opportunities for SJAP, its integrated cattle farm subsidiary.
We have a Monster Pick Coming. Subscribe Right Now!
Currently trading at a $273 million market valuation SIAF has come to life since it reversed transforming into one of the top traded stocks on the entire exchange. It is easy to get excited about Sino Agro at current levels; the stock trades at a PE of 1, with a number of significant events on the horizon and a fast growing and loyal shareholder base (especially in Europe) that believes this one goes way higher. We will be updating on SIAF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with SIAF.
Sign Up now for our 100% FREE Penny Stock Newsletter
Disclosure: we hold no position in SIAF either long or short and we have not been compensated for this article.