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Asia Week Ahead: Earnings from Alibaba and Toyota


"A hefty list of Asia company earnings take the spotlight in the week ahead."

But first on Monday (Nov 3), Macau posts gambling revenue data for the month of October.

It's expected to be the worst month of revenues in about five years, as a crackdown on conspicuous consumption in China takes its toll on the industry.

The slowdown could also puncture earnings for Hong Kong-listed Galaxy Entertainment Group third quarter earnings due out any day during the week along with casino operator Melco Crown on Thursday (Nov 6).

China's Alibaba posts its third quarter earnings on Tuesday (Nov 4).

It's the e-commerce giant's first set of quarterly results since listing in New York this autumn.

Analysts are largely bullish - Jefferies, Morgan Stanley and Deutsche Bank among the firms out with buy recommendations with sales at the firm expected to grow 30 percent annually.

Wednesday (Nov 5) is earnings day for Hong Kong's stock exchange operator, known as HKEx.

The company's shares so far this year have been boosted by increased trading levels from the promised Shanghai-Hong Kong stock connect that would closely link the two exchanges.

That optimism however is now fading thanks to continued uncertainty over the launch date for the program.

And in Japan, carmaker earnings continue to roll in with Toyota Motors reporting in the the middle of the week.

Investors will be watching for the fallout from its recall of some autos due to faulty airbags made by Takata Corporation.

But overall the world's largest carmaker when measured by sales is seen cruising into the end of 2014 with healthy revenue gains.

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