HK-listed game developer Boyaa hits all-time low on weak outlook

Boyaa Interactive International

01/08/2018 04:59

** Shares of Boyaa Interactive International Ltd  0434.HK 
slide as much as 2.8 pct to HK$2.07, its all-time low since
listing in November 2013, after the online card and board games
developer flagged a decline in first-half revenue 
    ** Co expects its revenue to fall about 30 pct from a year
earlier as the Chinese government aims to shut down Texas
Hold'em poker games and certain of its platforms have removed
relevant products which will hit revenue  urn:newsml:reuters.com:*:nFWN1UR0NM
    ** Co says revenue generated from web-based games also fell
amid an industry trend of a gradual transfer of web-based games
to mobile terminals
    ** It is due to release interim results in August
    ** As of the previous close, the stock has fallen 34.26
percent so far this year. 
    ** By 0254 GMT, about 180,000 shares of the Guangdong-based
company have been traded, compared with their 30-day moving
average of 461,820 shares a day
    ** Hong Kong's benchmark index  .HSI  eases 0.1 pct

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)