3 Chinese Agriculture Stocks to Watch

Zhongpin is scheduled to report second quarter results on Aug, 10. Analysts estimate sales at $217 million on earnings per share of 37 cents. In the year-ago quarter, the company reported revenue of $161.9 million on earnings per share of 36 cents.

In yesterday's trading session, the stock closed at $14.99. On July 27, 2010 Roth Capital Partners assigned a buy rating to the stock with a target price of $18, indicating an upside of 20.1%.

AgFeed Industries(FEED) produces premix, blended feed and animal nutrients, primarily for hogs. On July 22, 2010 the company announced an agreement to acquire the operations of M2P2 LLC, a U.S.-based hog production company for $16 million. The valuation is subject to adjustment based upon the book value of M2P2's assets, with 80% paid in cash and the remainder 20% in AgFeed common stock.

Additionally, the company is due to release its second quarter earnings in a week on Aug. 10. Analysts estimate sales of $55 million on earnings of four cents per share. In the year-ago quarter, the company reported revenue of $38.5 million on earnings of three cents per share.

In yesterday's trading session, the stock closed at $2.73. On July 21 Rodman & Renshaw assigned "outperform" rating to the stock with a target price of $5, indicating an upside of 83.2%.

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