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Asia Week Ahead: Expect lackluster set of Samsung earnings


"Another short week for markets with several public holidays across the region, but a long line of earnings will hog investor attention."

Before that, U.S. President Barack Obama will continue to clock up more miles on his lengthy Asia tour.

On Monday (April 28), he heads to the Philippines for a two-day trip.

Obama's visit has been preceded by demonstrations outside the American embassy in Manila. They're protesting a looming deal that would give American troops more access to military bases in the former U.S. colony.

Blue chip earnings will make headlines on Tuesday (April 29). First up, expect quarterly earnings from the world's largest bank by assets.

ICBC posted better than expected results in the previous quarter thanks to strong interest income.

Now though, investors are interested to know whether bad loans are mounting to dangerous levels as China's economy slows.

Still, the street is bullish on ICBC, with 27 of the 33 polled by Reuters recommending a 'Strong Buy' or a 'Buy' for its Hong Kong-listed shares.

Also on Tuesday, expect quarterly numbers from the world's largest tech company by revenue.

But don't expect Samsung Electronics' results to reach for the galaxies. The Korean tech giant has already released guidance, which was below analysts' forecasts.


"Earlier this month Samsung estimated a drop in operating profit because of slowing sales in its key smartphone business."

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