IRVINE, Calif., Dec. 3, 2008 (GLOBE NEWSWIRE) -- There was a time when the stock market was ravenously searching for the next red-hot Chinese stock play as if they were dot-coms in 1999. Investors and venture capital firms were chasing the next-big-thing in U.S.-listed, Asian-based equities across the board and it seemed there was a deluge of said companies hitting American exchanges.
Then the market tanked.
Now, the Chinese-interested investor has taken a more critical eye at the arena. Like Internet stocks after the dot-com bubble popped, investors are looking for companies that can pierce blue-sky optimism with real revenue and bottom line profitability. It is no longer enough just to have an idea that sounds viable or to attach the word "China" to a business plan and await the throng of investors. Show us the money.
This formidable hurdle weeds out many in the Chinese space, any space really. But it also advances the interest in and appeal of companies that have the ability to attain profitability. Case in point, China Organic Agriculture, Inc. (OTCBB:CNOA), a Chinese based organic food producer. Remember the rice shortages not so long ago? China Organic Agriculture produces organic rice among other staples.
Most importantly, however, China Organic Agriculture offered impressive market guidance last week that should turn the heads of any Chinese company enthusiast. To say the least, China Organic Agriculture's guidance is uncommon in an otherwise troubled global economy. Here are a few of the highlights:
* Q408 revenue of $54 million (vs. $15.7 million Q407), or an approximate 240% Quarter Over Quarter Revenue Increase * FY08 revenue $113 million (vs. $44.5 million FY07), or an approximate 150% Year Over Year Revenue Increase * Q408 net income $11 million (vs. $3.9 million Q407), or an approximate 180% Quarter Over Quarter Net Income Increase * FY08 net income $20 million (vs. $13.5 million FY07), or an approximate 40% Year Over Year Net Income Increase * Q408 EPS of $0.15 and FY08 EPS of $0.29
Clearly, these numbers create separation from the pack for China Organic Agriculture among Chinese based equities and the market at large.
For a full profile on China Organic Agriculture Inc. visit the following link: http://stockupticks.com/profiles/11-25-08.html
To research, discuss and locate Chinese based, U.S. listed companies like CNOA visit www.GreatWallStreet.com
To research, discuss and locate organic and health oriented companies visit www.FiSpace.Net
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