HK-listed software firm Kingsoft near 5-1/2-year low, CICC cuts price

Kingsoft

18/10/2018 07:35

** Shares in Hong Kong-listed Kingsoft Corp Ltd  3888.HK 
drop as much as 5.5 pct to HK$11.24, lowest since June 2013,
after CICC cuts target price 
    ** Stock set for third day of losses in a row
    ** CICC estimates a Q3 operating loss for the company due to
tighter regulations in online games; cuts target price by 12.5
pct to HK$21 
    ** China's education ministry said in August the publishing
regulator should control the number of new online video games
and take measures to limit the amount of time young people spend
playing games  urn:newsml:reuters.com:*:nL3N1VL5OL
    ** As of the previous close, the stock had fallen 54.2 pct
so far this year
    ** Hong Kong's benchmark index  .HSI  falls 0.6 pct  

 ((Reuters Messaging:
tingting.liu.thomsonreuters.com@reuters.net))