WESTON, FL -- (Marketwire) -- 01/07/11 -- Wall Street News Alert's "stocks to watch" this morning are: China Electronics Holdings, Inc. (OTCBB: CEHD), Origin Agritech Limited (NASDAQ: SEED), AgFeed Industries, Inc. (NASDAQ: FEED) and Yongye International, Inc. (NASDAQ: YONG).
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This morning, OTC Value Watch has issued a research report on China Electronics Holdings, Inc. (OTCBB: CEHD). Based on the report's findings, OTC Value Watch has placed a short term price target of $8.35 on CEHD.
To view the research report in its entirety navigate to www.otcvaluewatch.com
CEHD, through its subsidiary Lu'an Guoying Electronics Sales Co., Ltd., operates a network of 600 franchise stores, 412 direct stores, and 3 company-owned locations in primarily rural areas of Central China's Anhui and Henan Provinces under the brand of Guoying.
As a condition of the past summer's public market financings totaling nearly USD$5.3 million, China Electronics agreed to a net income target of USD$12 million, subject to certain adjustments, for the fiscal year ending December 31, 2010, and an uplisting to NASDAQ or the NYSE Amex exchanges. Hunter Wise Securities, LLC, served as placement agent to the financings.
For the recent nine months ended September 30, 2010, the Company earned USD$15.1 million in after-tax net income on sales of USD$89.4 million.
The stock closed yesterday at $4.15 a share.
About the company: China Electronics Holdings Inc. ("CEHD") has been based in Lu'an City, Anhui Province, central China since its founding in 2001 and sells household appliances and consumer electronics of major manufacturers through a network of more than 1000 retail stores in rural areas of the PRC's fourth and fifth tier markets.
Origin Agritech Limited (NASDAQ: SEED) down 1.6% on 441,000 shares traded.
Origin Agritech Limited is China's leading, vertically-integrated agricultural biotechnology company specializing in research, development and production to supply the growing populations of China.
AgFeed Industries, Inc. (NASDAQ: FEED) down 3% on 539,000 shares traded.
AgFeed Industries is an international agribusiness with operations in the U.S. and China.
Yongye International, Inc. (NASDAQ: YONG) down 3.2% on 655,000 shares traded.
Yongye International is a Chinese agricultural nutrient company headquartered in Beijing, with its production facilities located in Hohhot, Inner Mongolia, China.
According to the Labor Department on Thursday, 409,000 people made claims for benefits for the first time. That's up 18,000 from the previous week, when applications fell to their lowest level in more than two years.
The Department's report came a day after ADP estimated that companies added nearly 300,000 jobs last month, far more than the 100,000 economists expected.
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