Andy Batts
Long only, value, growth, momentum

This Chinese Mobile Gaming Stock Has Significant Near-Term Upside

Shares of China Mobile Games and Entertainment Group Limited (NASDAQ:CMGE), a leading mobile game company in China, are looking very attractive at the current price around $15, despite a massive rally from the 52-week low of $3. The company will release a number of proprietary mobile games for both Android and iOS-based platforms this year, which are expected to result in significant top and bottom line growth for the company.

The evolving online gaming market in China is expected to reach $11.9 billion in 2013. In this article I'll delve deeper into the growth catalysts for the company while analyzing the near-term prospects of its stock.

Company Overview

China Mobile Games, through its subsidiaries, engages in the development,

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