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10 Technology ADRs With Upside

2. China's Sky-Mobi (MOBI) operates China's biggest mobile application store by sales. The company sells games, music and books for mobile handsets and operates a mobile social network.

Last week, analysts at Citigroup initiated coverage on the stock assigning a buy rating and a 12-month target price of $12.

Year-to-date, the stock surged around 20.5%, whereas China Mobile (CHL), China Unicorn (CHU), KongZhong (KONG) and China GrenTech (GRRF) returned around -0.4%, 15.9%, -1.1% and -1.5%, respectively.

The three analysts covering the stock recommend buying and expect the stock to gain around 55% over the next 12 months with a consensus target price of $10.0.

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