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Citigroup said in the latest research report that following its visits to five key provinces in the mainland to study 4G trends, it switched its top pick to CHINA MOBILE (00941.HK)  +1.750 (+1.861%)    Short selling $159.53M; Ratio 19.243%   from CHINA UNICOM (00762.HK)  +0.120 (+1.045%)    Short selling $12.43M; Ratio 20.072%   . The research house said the market underestimated the China Mobile's 4G strengths over CHINA TELECOM (00728.HK)  +0.070 (+1.443%)    Short selling $25.06M; Ratio 17.322%   and China Unicom.

China Mobile's target price was raised from $100 to $115; China Unicom's target price was cut from $15 to $14; and China Telecom's target price was kept at $4.3, with a Sell rating downgraded from Neutral, to factor in its share-price rally post results

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