Uptick in China's Agriculture Sector Could Lead to Share Rally for Yongye and Gulf Resources
November 17 2011 - 8:16AM
Marketwired
Agriculture represents one of the most important sectors of China's
economy, providing more than 12 percent of the country's total
Gross Domestic Product and employing in excess of 300 million
farmers. China's growing agricultural sector has not only boosted
profits for farmers, but has also benefitted Chinese producers of
agricultural chemicals. The Paragon Report examines the Chemical
Manufacturing Industry and provides research reports on Yongye
International, Inc. (NASDAQ: YONG) and Gulf Resources, Inc.
(NASDAQ: GURE). Access to the full company reports can be found at:
www.paragonreport.com/YONG
www.paragonreport.com/GURE
China's strengthening economy has led to a surge in industrial
and agricultural activity. This has greatly benefitted specialty
chemical makers in recent quarters, as demand for their products
continues to surge. Yongye International said revenue in the third
quarter of 2011 increased nearly 96 percent to $140.6 million from
$71.8 million for the same period of 2010.
Yongye's principal product is a liquid crop nutrient. The
Company's patented formula utilizes fulvic acid as the primary
compound base and is combined with various micro and macro
nutrients that are essential for the health of the crops.
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the Chemical Manufacturing industry register
with us free at www.paragonreport.com and get exclusive access to
our numerous stock reports and industry newsletters.
Shares of Gulf Resources were hammered earlier this week after
the manufacturer of bromine, crude salt and specialty chemical
products reported third quarter net income of $5.6 million or $0.16
a share, a decrease of 62% from $14.9 million or $0.43 a share for
the same period last year. Revenue was $37.8 million for the third
quarter of 2011, a decrease of 16% from $44.8 million for the third
quarter of 2010.
China is currently the world's third largest bromine producer
after the United States and Israel. While Bromine prices remain
fairly high, the reduced demand for oil and gas exploration
additives and paper manufacturing additives adversely affected Gulf
Resources' chemical product segment.
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