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Asia Day Ahead: Investors await big name earnings


"Big name company earnings continue to roll in across Asia from automakers to


Japan's Honda posts its latest quarterly results, and although car sales have

been stagnant in the key U.S. and China markets, the weakening Japanese yen

should boost the bottom line.

Many Japanese companies had a guidance of about 96 to 97 yen to the dollar while

making profit projections. But now the yen is sitting above 100.

Honda is well regarded among investors, sitting firmly in the green buy zone

according to Reuters recommendations - at a slight premium to Japan's auto and

truck sector as a whole.

China's third largest lender Agricultural Bank posts its first quarter earnings

after a weak set of 2013 results.

Any news on non-performing loans will be closely watched as defaults become more

common in the world's second largest economy.

Once one of Asia's hottest property markets, Singapore real estate prices look

set to continue their recent slump.

That after the government stepped in with measures to tame runaway prices.

On Friday (April 25), Singapore's Urban Authority posts its latest quarterly

index after two steady quarters of decline.


"Developers such as CapitaLand - Southeast Asia's largest property developer -

are cutting prices to sell off fresh housing stock."

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