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Wednesday, 05/18/2011 1:07:50 PM

Wednesday, May 18, 2011 1:07:50 PM

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CCM $4.42 with pull back :One of 10 biotechs which could higher according to street.com:
"2. Concord Medical Services(CCM_) operates the largest network of radiotherapy and diagnostic imaging centers in China.

Net revenue during fourth quarter of 2010 was $17.1 million, increasing 30.1% from the corresponding period in 2009. Net revenue for full year 2010 was $59.0 million, up 33.2% compared to 2009.

Gross profit during 2010 fourth quarter was $12.4 million, increasing 32% from the same period in 2009. Gross profit for fiscal 2010 stood at $40.4 million, up 30% from 2009. Net income during fourth quarter of 2010 was $6.6 million, advancing 21.8% compared to same period in 2009. Net income for FY 2010 was $19.8 million, growing 4.9% from 2009.

The company added 33 new centers during the year, taking the existing network count to 119. Concord intends to operate 200 centers by 2012 end. The stock is expected to gain 63% in the next one year with analyst buy ratings of 86%. The stock is trading at 14 times its estimated 2011 earnings."