Sino Grandness

[weijian]

To provide a probable reason of discrepancy between the Thai, and the rest.

The rest are skeptical on the company sales and growth performances. The Thai interest, is mainly on its distribution network, based on my limited reading on announcement. Of course, the rest is a bonus to the Thai.

There might be a scenario, all are not wrong. The Thai isn't ignorant, while the skeptical on company sale/growth isn't without reason(s).

(just sharing a thought, after reading the posts here)

So far, the Thais seem to be benefited from recognising SFI's income as a line item on it's PL, but only paying half for this privilege. This could be the reason why (I tend to try to interprete what things look like, rather than what they sound like). Since SFI doesn't pay a dividend, the earnings for TTA aren't really that 'solid' persay and the real situation (free cash flow) is somehow glossed over.
For SFI to pay a dividend, it has to be able to collect a large part of its receivables first (like what happened to China Minzhong)....