** Shares of Chinese mobile games developer and operator Zengame Technology Holding 2660.HK drop as much as 13.6% to HK$2.22, their lowest since January 2023
** Stock set for biggest one-day pct decline since March 22, 2024; on track to snap two straight sessions of gains
** Zengame forecasts its 2024 net profit to drop by 35%-45% year-on-year amid a 15%-25% decline in revenue due to lower-than-expected sales of new products, game features during a downturn in the gaming market in 2024
** Company also expects a decline in gross profit margin of 5%-10% amid higher gaming operational costs
** Hang Seng Tech Index .HSTECH falls 2% and Hang Seng Index .HSI eases 1.3%
** Stock dropped 51.4% last year
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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