Concord Medical Services Holdings Limited ("CMS" or "the Company") operates China's largest network in terms of revenue and total number of centers in operation in 2008. Since its inception CMS has been committed to building an extensive network of radiotherapy and diagnostic imaging centers in China and employing state-of-the art medical technology to sustain lives and reduce sufferings. Today, the Company operates a network of more than 80 centers spanning more than 35 cities and 20 provinces and administrative regions in China.
They report soon, so any entries here could be dangerous. I had a small position in this which I increased earlier today at an advantageous price. Here's the chart:
Today was a significant volume day--with more than 400K in volume (v. 63K). For the price to advance, there needs to be sustained volume, otherwise gravity will work its magic. I like the fundamentals of this company (the sector and the technical set up). The company reports that cancer is the leading cause of death, and they believe that they are well positioned with their product/service offerings to capitalize on the trend to more accessible health care.
Naturally, the duty of due diligence is yours and yours alone.
Position: Long CCM at the time of this post.