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.