Average trading volume in past 3 months: more than 1 million shares.
CCME: China MediaExpress Holdings, Inc. provides television advertising network on inter-city express buses in China
Business: advertising as focus media, air media and Vision China)
(very close to VISN)
Headquarter: Fuzhou
Its Q3 revenue: US$57M. (VISN: 37.9M, AMCN: 60.6M and FMCN:137.4
--LCD revenue in FMCN: 86.
Its Q3 Gross Profit: 76.8% (VISN: 18.1%, AMCN: 16.2%, FMCN: 58.3%)
1)Almost none in advertising industry knows CCME.
2)Gross Margin: 76.8% and Net Profit before tax: 72.4%
Too good to be true.
3)CCME's revenue per screen per day in inter-city bus: RMB68
VISN's revenue per screen per day in subway and city bus: RMB21.
4)A lot of cheating press news: a)B2C website; b)Divident (announced
with exact number--decided later); c)insider stock buy (exact
transferring instead of open market buy); d)company buy back
stock program (never buy back).
