Shares of Origin Agritech (SEED) jump 27.8% pre-market, adding to a 44.9% gain on Friday, as investors anticipate mouthwatering FQ4 results on Jan. 8.
Making investors salivate: the company disclosed that it had deferred revenue (crop seeds after sales arrangements are made, delivery is made, or pre-payment is received but before the final sales price is fixed) of RMB338.4M ($54.8M) as of June 30 vs RMB257.3M on June 30, 2012. Origin added that it expects "the majority of deferred revenues will be recorded on the income statement in the fiscal fourth quarter of 2013." (6-K)
Agria (GRO) shares are following in sympathy, +9.6% pre-market.