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Investing

Value Apparent, Maybe… China New Borun (BORN)

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By Jon C. Ogg Published
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China New Borun Corporation (NYSE: BORN) has been battered and beaten up as US investors have exited and bet against so many emerging Chinese companies.  This has been due to the sense that outside investors believe that Chinese Free Speech is only held by public company accountants and officers who can claim whatever they want.

This company produces and distributes corn-based edible alcohol in China.  After the close came news that the company has already signed pre-sales contracts worth a total of approximately 90% of the company’s total edible alcohol production capacity in 2012.

Cited is strong market demand for edible alcohol and the acquisition of new customers. Demand is called “robust” in the company’s core provinces of Shandong and Heilongjiang… The company is also showing continued strong demand of by-products, including DDGS feed, carbon dioxide and the newly-added crude corn oil (about 29% of all sales in Q3-2011)

The market is biting on the news so far.  After a 2% gain to $3.35, the 52-week trading range is $2.78 to $14.75.  The after-hours reaction has shares up 14% at $3.84.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

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