BYD earnings, Japanese airline financials, Genting’s New York casino tables
Welcome to Your Week in Asia.
Chinese electric vehicle leader BYD has already indicated that it has seen a spike in sales, thanks to the impact of the Iran war, and more detail will come with its first quarter earnings this week. But for all its success in Asia and elsewhere, the automaker has come under scrutiny for its labor practices in Brazil, and it is struggling in Japan.
Foreign tourist arrivals in Japan were up 3.5% year on year in March, likely buoying Japan Airlines (JAL) and All Nippon Airways (ANA), but when the two airlines announce their earnings for the fiscal year through that month, attention will be focused on how the Middle East conflict is affecting jet fuel supplies and passenger demand. Regional carriers such as Qantas and Cathay Pacific have already announced flight cuts due to soaring fuel prices.
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MONDAY
China food and beverage forum
Hangzhou hosts the three-day Food and Beverage Innovation Forum, as Chinese companies in the field navigate weak consumption and price wars. Sessions will cover the latest food trends and technologies, while investors will be scouting for deals, as global chains like Starbucks partner with private equity firms to compete in the world’s No. 2 economy.
Nuclear weapons treaty meeting
Parties to the Treaty on the Non-Proliferation of Nuclear Weapons, including nuclear-armed China, will gather at United Nations headquarters in New York through May 22 to review the agreement. The conference, which will be chaired by Vietnam’s ambassador to the U.N., comes at a time of heightened concern about the proliferation and potential future use of nuclear weapons against the backdrop of conflicts in Iran and Ukraine.
Earnings: JERA
Data: Singapore manufacturing index
TUESDAY
China biotechnology conference
Major companies in China’s increasingly powerful biotech sector gather in Shanghai for a two-day forum. The industry is coming off a banner year in 2025, when global pharmaceutical companies made big licensing deals in China and several biotech companies went public in Hong Kong. Analysts expect this momentum to continue, although tightening regulatory scrutiny and geopolitical risks pose challenges.
Genting brings in casino tables in New York
Genting Malaysia will launch New York City’s first live table games at Resorts World New York City, transforming the slots-only venue into a full-scale casino. The rollout includes 240 table games with more than 1,500 blackjack, craps, baccarat and roulette positions, alongside over 2,500 slot machines, with thousands more to be added later this year.
Monetary policy: Japan
BYD earnings
BYD releases its earnings for the January-March term, the first gauge of the windfall the Chinese automaker is expecting this year, as elevated oil prices push consumers toward EVs. The company is hoping for a quick, export-driven turnaround after a disappointing 2025, when it was plagued by fierce domestic competition.
GoTo earnings
GoTo is set to announce its earnings for its first quarter this year. With Singaporean tech rivals Grab and Sea already turning a profit, the focus is likely to be on whether GoTo can achieve profitability in the coming months. When the company announced its 2025 earnings in March, CEO Hans Patuwo expressed concern that “heightened oil prices for sustained periods of time will have an adverse impact on our business.”
Earnings: TDK
WEDNESDAY
Monetary policy: Thailand
Earnings: HKEX
Data: Singapore unemployment, Sri Lanka inflation
THURSDAY
Japanese airlines earnings
Japan’s two biggest airlines, ANA and JAL, announce earnings for the fiscal year through last month. Both carriers saw an increase in passengers due to the rise in overseas visitors to Japan. They will raise international flight fuel surcharges, starting with tickets issued from May onward, due to high fuel costs caused by the Iran war. Analysts and investors will be watching closely for any updates on the impact of rising costs and the outlook for air travel demand. Chinese airlines, including China Eastern, are also expected to publish results this week.
Earnings: DBS, China State Shipbuilding, Adani Enterprises, Hindustan Unilever
Data: Taiwan gross domestic product
FRIDAY
Japanese trading company earnings
Japan’s five major trading companies all release their fourth quarter and full-year earnings. The companies, all backed by the prominent U.S. investment firm Berkshire Hathaway, are expected to enjoy a bump in profits from the rise in oil and gas prices stemming from the Iran War and disruption in the Strait of Hormuz.
Data: Kazakhstan inflation
