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Thursday, January 28, 2021

Momentum Builds on Microcap Sino Agro Food Inc (OTCMKTS:SIAF)

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Sino Agro Food Inc (OTCMKTS:SIAF) is a microcap name that has started to engage some focus among traders and investors as prices get a little traction in bounce mode. The key catalyst driving SIAF’s recent action was the company’s strong recognition of its APRAS aquaculture technology and products of its former subsidiary, Tri-way Industries, in which Sino Agro Food, Inc. holds a 36.6% ownership interest. In other words, the company is proud of its baby, which appears to be off to a great start – a trend of results that could come back to reflect financially on the parent company, SIAF, over time.

According to the release, earlier, the Company announced two very significant milestones in the ongoing development and build-out of TW; namely, a 5A-1 rating from Dun & Bradstreet (July 10, 2017 press release), and signing a Bank Enterprise Comprehensive Cooperation Agreement containing a credit facility of RMB 100 million with Agricultural Bank of China (July 17, 2017 press release).

Sino Agro Food Inc (OTCMKTS:SIAF) bills itself as an agriculture technology and natural food holding company with principal operations in the People’s Republic of China.

SIAF acquires and maintains equity stakes in a cohesive portfolio of joint venture businesses that they form according to its core mission to produce, distribute, market and sell natural, sustainable protein food and produce, primarily seafood and beef, to the rapidly growing middle class in China.

Sino 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 fertilizer, livestock feed, indoor recirculating aquaculture systems, and other arenas of agricultural technology.

Additionally, the company provides consulting and services to joint venture partners to construct and operate food businesses, primarily producing wholesale protein foods. Additional joint ventures market and distribute the wholesale products as part of a vertically integrated “farm to table” concept and business strategy.

SIAF employs 595 employees primarily in three provinces: Guangdong (Guangzhou), Quinghai (Xining), and Hunan (Linli), with some distribution and retail operations in Shanghai and Beijing.

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As noted above, SIAF wishes to point out the success and recognition being piled onto the shoulders of its former subsidiary, and current large holding, Tri-Way.

Management is obviously highly stoked about these events. Mr. Solomon Lee, interim Chairman of TW as well as Chairman and CEO of Sino Agro Food, Inc., expressed his sincere appreciation for the recent media coverage, adding, “our mission remains threefold; to produce great product, to market great product, and to distribute great product. TV stations such as ZSTV and NanFang TV allow us to reach their extensive viewing areas helping to broaden brand awareness and publicize the benefits of indoor farmed seafood. We believe on-going press coverage will further several aims:

We’ve witnessed 13% added to share values of the listing over the past month of action, but that move comes in the context of a larger bearish trend. The situation may be worth watching. SIAF has a history of dramatic rallies. Furthermore, the stock has seen interest climb, with an increase in recent trading volume of above 220% over the long run average.

It pays to take note of this fact with a float in play that’s limited — around 14.4M shares. Traders should not overlook this combination, as a mechanically driven price squeeze can result from this type of mix of small float and ramping attention from traders.

At this time, carrying a capital value in the market of $64.3M, SIAF has a significant war chest ($20.7M) of reported cash on the books, which compares with about $4.1M in total current liabilities. SIAF is pulling in trailing 12-month revenues of $390.9M. However, the company is seeing declines on the top line on a quarterly y/y basis, with revenues falling at -28%. This is an exciting story, and we look forward to a follow-up chapter as events transpire. For continuing coverage on shares of $SIAF stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

Disclosure: we hold no position in $SIAF, either long or short, and we have not been compensated for this article.

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