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Tag: SEED stock

  • Origin Agritech Ltd. (SEED) Stock Up in Early Trading, Here’s why.

    Origin Agritech Ltd. (SEED) Stock Up in Early Trading, Here’s why.

    Origin Agritech Ltd. (SEED) is a leader in the agri-tech sector. The company’s phytase corn was the first transgenic corn in crop seed biotech to obtain the Bio-Safety certification from the government. The company had a well-established vigorous pipeline including glyphosate tolerance products and pest resistance characters.

    The price of SEED stock during the early trading on February 7, 2022, was last checked to be $5.5 with a 17.47% surge.

    SEED: Events and Happenings

    On February 7, 2022, SEED informed that the company estimates the revenue to increase by 300% to more than 150 million RMB. The company is also estimated to turn a profit for the fiscal year 2022. The revenue growth is associated with hybrid seed business growth and the retailing of nutritionally improved crops to feedstock businesses.

    On January 4, 2022, the company updated about signing an agreement with BaoDao Feed Ltd. Both the companies agreed upon the manufacturing and selling of specific corn crops to the feed manufacturers. The corn variety of the company contains 160% more crude fat content and more amino acid content than normal corn.

    On December 22, 2021, SEED reported about the development of nutritionally improved corn using its CRISPR platform. On December 17, 2021, the company announced that its drought-resistant GMO character had accomplished the production testing. The company had filed an application for biosafety certificate consent.

    On November 24, 2021, SEED informed that its Executive management presented at the Benchmark’s Discovery One on One Conference on December 2, 2021. On November 12, 2021, SEED updated about finishing of environmental release testing by its GMO corn character. On November 8, 2021, SEED updated that the company’s Executive management presented at the Q4 Virtual Investor Summit on November 16-17, 2021.

    Conclusion

    SEED stock down-performed in the last six months period due to the pandemic restraining the economy. The company’s stock surged in Monday’s early trading as it announced a 300% increase in its revenue for FY2022. The company’s stock is in good shape to attract potential investments for the company.

  • Origin Agritech Ltd. (SEED) Stock Surges Following Expansion of GMO Trait Portfolio

    Origin Agritech Ltd. (SEED) Stock Surges Following Expansion of GMO Trait Portfolio

    Origin Agritech Ltd. (SEED) stock prices were up by 29.22% some time after market trading commenced on July 12th, 2021, bringing the price per share up to USD$11.63 early on in the trading day.

    Exclusive Rights Agreement

    July 12th, 2021 saw the company announce that it had entered into an exclusive rights agreement with the Biology Research Institute of the Chinese Academy of Agricultural Sciences, in regard to its proprietary drought resistant GMO trait. The agreement will see the company gain exclusive global rights to the GMO trait for the entire duration of the patent. The Chinese Ministry of Agriculture and Rural Affairs approved the drought tolerance corn for production trials, representing the fourth stage in a five stage process to receive a bio-safety certificate.

    Drought Resistant Traits

    With the company already having successfully converted its elite corn hybrids into drought resistant  traits, which express excellent performance under water stress conditions throughout the growing period. Multi year experiments have indicated drought tolerance corn yield that is 9.2 to 16.2% higher than non-GMO corn under water stress conditions. In the case of irrigation, the GMO enhanced corn increases water use efficiency by 33-47%.

    Approval for Hybrid Corn Breeds

    July 8th, 2021 had seen the company announce its approval from the Ministry of Agriculture and Rural Affairs for four of its new hybrid corn breeds. This move has seen the company expand its product pipeline and increase its competitiveness in the Chinese corn seed market. The company also has GMO enhanced versions of the newly approved hybrids that are currently in the approval pipeline.

    Scope of Approval

    The Ministry of Agriculture and Rural Affairs recently increased the national standards required for the approval of corn and rice varieties, thus further promoting further innovation in germplasm development. Being on of the few participating companies in the Green Pass program, the company is in a unique position to streamline the approval process, resulting in the submission of more hybrids for approval per year. This will, in turn, strengthen the company’s ability to add multiple new hybrids to market annually, which will include many GMO enhanced hybrids.

    Future Outlook for SEED

    Armed with the recent development of its product pipeline, SEED is poised to push for the accelerated commercialization and effective proliferation of its corn hybrids in the Chinese market space. Current and potential investors are hopeful that management will continue to leverage the resources at their disposal to facilitate significant and sustained increases in shareholder value.