CNOA: $1.45 to $2.90 Projected 12-mo Share Price
Posted December 2nd, 2008 by EditorKD (not verified)
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UPDATE ** UPDATE ** UPDATE ** UPDATE Murphy Analytics Issues Research Report on China Organic Agriculture View the Full Research Report HERE China Organic Agriculture, Inc. (OTCBB:CNOA) could be in exactly the right place at the right time to take full advantage of the massive growth in the global organics marketplace. “China Organic is truly an international investment opportunity,” said Jinsong Li, CEO. “The challenges inherent in dealing with a Chinese-based company dictate that we find the best partners to delineate our high-growth business model to the global investment community.” In Asia, it is estimated that organic retail sales now exceed $1 billion and China is the Asian country with the largest area of organic certified land. In China, there’s a big incentive to make that land pay off; organically. See Breaking *NEWS* below ALSO - See our Comprehensive StockUpTicks Profile HERE
Press Release Murphy Analytics Issues Research Report on China Organic Agriculture, Projecting 12-Month Share Price of $1.45 to $2.90 LOS ANGELES & LIAONING, China--(BUSINESS WIRE)--China Organic Agriculture, Inc. (OTCBB: CNOA - News), an international diversified premium food products company capitalizing on China's burgeoning domestic consumer demand, today announced that Murphy Analytics, a fee-based equity research firm, has issued a research report that includes a 12-month target share price of $1.45 to $2.90 following the Company’s recently announced revenue and earnings guidance. "I consider this report a ‘must read’ for existing shareholders and anyone contemplating an investment in our company,” said Jinsong Li, Chief Executive Officer of China Organic Agriculture. “Not only does the report examine the potential of China Organic Agriculture, it also provides timely analysis of the Asian premium food markets as well.” The Report was written by Patrick Murphy, CFA, the principal of Murphy Analytics. In his report, Mr. Murphy states: While the capital markets are experiencing relentless volatility and uncertainty, the long-term growth story for China’s real economy endures, as does the opportunity before CNOA. With a strategic shift to focus on product distribution, CNOA has positioned itself to leverage not only the growth in domestic demand for organic and green rice, but also for a range of other premium food and wine products. The Report discusses the recent guidance released by CNOA, the prospects for the Company, and the outlook for growth in the demographics positively impacting demand in China’s agricultural and premium goods sectors. Mr. Murphy notes: CNOA’s highly scalable business model presents an opportunity for the Company to participate more fully in the historic growth driven by the development and urbanization of the Chinese economy. CNOA recently released guidance for our current Q4 as well as FY 2008: * Q4 2008 revenue $54 million versus $15.7 million Q4 2007 The above figures include the recent $8.7 million sale of the ErMaPao rice division as well as the October 2008 acquisition of Dalian Huiming, a major agricultural trading company with fiscal 2007 revenues and earnings of $40.2 million and $2.7 million respectively. The complete report is available in Acrobat format, free of charge: http:\\www.murphyanalytics. About China Organic Agriculture The Company has developed an extensive distribution network throughout China including Beijing, Shanghai and Nanjing. The Company is positioned to leverage this network to increase market penetration with broad distribution of agricultural, food and related premium products. The Company has experienced significant growth since its inception in 2002 and continues to implement a number of strategic initiatives to further expand revenues and earnings. For more information, please visit: www.chinaorganicagriculture. FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning future acquisitions, estimates of, and increases in, production, cash flows and values, statements relating to the continued advancement of China Organic Agriculture’s products and other statements which are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," and similar expressions denote forward-looking statements. Although China Organic Agriculture Inc. believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include, but are not limited to, those set forth in our reports filed with the Securities and Exchange Commission, together with the risks discussed in our press releases and other communications to shareholders issued by us from time to time, such as our ability to raise capital as and when required, the availability of raw products and other supplies, competition, the costs of goods, government regulations, and political and economic factors in the People's Republic of China in which our subsidiaries operate. Contact: China Organic Agriculture, Inc. Source: China Organic Agriculture, Inc.
China Organic Agriculture Inc., "China Organic Agriculture""CNOA" is headquartered in the Liaoning province, People’s Republic of China, and is a global diversified food products company engaged in the international distribution and production of premium and natural foods. Serving the marketplace demands of the fast-growing upscale consumer population throughout the Asia-Pacific region, CNOA targets multibillion-dollar expanding markets for premium and natural foods and wines, leveraging its established distribution networks. Historically, the Company has been solely engaged in the manufacturing and distribution of green and organic rice, yet in recent months it has diversified its products. In October of 2008 the Company’s new CEO, Jinsong Li, announced an expansion of its activities to capitalize on worldwide opportunities in international food markets. As a result, the Company’s expanding portfolio of premium and natural food products will soon include green and organically grown rice, as well as California wine, organic soybeans, kidney beans, mushrooms and other premium products. As one of the largest distributors of green and organic rice in China, the CNOA has developed extensive networks throughout many of China’s major cities, including Beijing, Shanghai and Nanjing, and is positioned to leverage those networks to establish broad distribution of a number of natural and premium food and related products. China Organic Agriculture intends to achieve revenue growth both through organic expansion, as well as by acquisition of complementary product lines and companies. China Organic has experienced significant growth since its inception in 2002. China Organic’s new CEO announced his future vision for the company by outlining a number of strategic initiatives to expand sales and revenues throughout Asia. You may view an updated company fact sheet and powerpoint presentation: HERE
Press Release Source: China Organic Agriculture, Inc. China Organic Agriculture Issues Revenue and Earnings Guidance LOS ANGELES & LIAONING, China--(BUSINESS WIRE)--China Organic Agriculture, Inc. (OTCBB: CNOA - News), an international diversified premium food products company capitalizing on China's burgeoning domestic consumer demand, today announced revenue and earnings guidance for fourth quarter 2008 and Fiscal Year 2008, ending December 31, 2008, with estimates exceeding all previous revenue and net income results for the Company. Projected Guidance for Q4 and FY08: * Q408 revenue of $54 million (vs. $15.7 million Q407), or an approximate 240% Quarter Over Quarter Revenue Increase "We remain unequivocal in our commitment to revenue and earnings growth,” said Jinsong Li, Chief Executive Officer of China Organic Agriculture. “Our successful restructuring and the implementation of a number of high growth strategies are validated by our current and forecasted top line and bottom line numbers. We believe our proactive business model will serve to drive revenues, earnings and, ultimately, shareholder value.” Management noted the Company’s results and forecasts reflect the recent sale of the Company’s ErMaPao subsidiary for $8.7 million and the acquisition of Dalian Huiming in October 2008. CNOA recently announced aggressive growth strategies for 2009 which include further diversification of product lines, the development of new revenue streams and the completion of a number of strategic acquisitions. The Company is committed to establishing itself as a leading purveyor of premium international consumer products including high-quality foods, organic rice and California wines. It is uniquely positioned to capitalize on rapidly-growing Chinese and Asian domestic consumer demand which is anticipated to continue to increase despite the current economic slowdown worldwide. MORE
Press Release Source: China Organic Agriculture, Inc. China Organic Agriculture Announces Engagement of LOS ANGELES & LIAONING, China--(BUSINESS WIRE)--China Organic Agriculture, Inc. (OTCBB: CNOA - News), a diversified food products company capitalizing on China's consumer revolution, today announced that it has engaged China America Financial Communications Group (CAF), a leading financial communications and marketing firm uniquely focused on high quality Chinese-based companies with exceptional growth potential. CAF’s role will be to provide financial communications services, drive global investor visibility and support CNOA’s mandate of delivering significant shareholder value. “China Organic is truly an international investment opportunity,” said Jinsong Li, Chief Executive Officer. “The challenges inherent in dealing with a Chinese-based company dictate that we find the best partners to delineate our high-growth business model to the global investment community. We are confident that the depth of market experience and communications knowledge of the CAF team on all of these fronts make this relationship an extremely powerful combination.” CAF's responsibilities under the agreement include ongoing contact with prospective investors and the brokerage community, dissemination of news, research and information to China Organic’s current shareholders and potential investors. CAF will also manage ongoing outreach and special presentations to institutional investors and others in the financial community through industry meetings as well as national and international financial conferences. “Given the volatility of today’s markets, it is especially important that all companies, particularly Chinese operating companies, align themselves with firms that understand global markets as well as their unique character,” said A. J. Cervantes, Chairman and CEO of China America. “China Organic represents a compelling investment opportunity that has already displayed exceptional growth to date. We are very much looking forward to working with Mr. Li and his team to bring this impressive story to the attention of the global investment community.” MORE
Net Sales Jump 111% to $47.2 Million ... additional operating results for the third quarter and nine months ended September 30, 2008. Net sales for the third quarter of 2008 were $47.2 million, increasing 111% compared to $22.4 million for the comparable quarter of 2007. For the nine months ended September 30, 2008 net sales were $58.4 million, increasing 103% compared to $28.8 million for the nine months ended September 30, 2007. China Organic had net income of $8.3 for the third quarter of 2008, compared to net income of $7.2 million for the third quarter of 2007. Earnings per share maintained its level of $0.14 per diluted share compared with the third quarter of 2007 as a result of a proportionate increase in the weighted average number of shares between the two periods.
Symbol: CNOA
November 13, 2008 - 10:00 AM Eastern To listen with Windows Media Player, simply click here. For all of CNOA's SEC filings, Click Here
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