CORPORATE ASIA SNAPSHOT-Earnings in focus for recovery signs

Oct 6 (Reuters) - A flow of IPOs, led by Hong Kong and
China but with activity from India to Australia, may slow after
some recent weak trading debuts as a strong economic recovery
driven rally across Asian share markets stalls.

Investors' focus will be on company earnings as the
quarterly reporting season gets underway. Key to the economic
bounce-back will be U.S. consumer demand. Failing that, can
Asia's domestic demand stand up without continued government
stimulus spending?

Below, Reuters Asia specialist correspondents and editors
in the financial, autos, resources and technology sectors offer
their insight on current trends.

Double-click in [brackets] for related news.

Top Asian company earnings news [E-ASIA-RES-NEWS-LEN]

All Asia company earnings news [E-ASIA-RES-LEN]

Asia company earnings previews [E-ASIA-LEN-RESF]

FINANCIAL

BANKERS WARY OF IPO-FATIGUE

Investment bankers have ridden a wave of IPOs in Hong Kong
and China, bringing in welcome underwriting fees, but the
hammering meted out to some newly listed IPOs in recent days in
Hong Kong -- Chinese developer Glorious Property Holdings
(0845.HK) dropped 20 percent on its debut last week -- could
mean potential listers may get cold feet.
Singapore's Wilmar, the world's largest palm oil producer, may
delay its around $3 billion Hong Kong spin-off, a major
disappointment to banks eyeing a giant fee from the deal.

Loan and M&A volumes are still well below year-ago levels,
despite some signs of life coming back to the deals market.

What concerns many bankers is that Asia's stock market
rally has stalled. Yes, there's a lot of activity in places
like South Korea and Indonesia that inspires hope, but the
worry is that stall turns to fall. It's too early to say the
worst is over.

[ASIA-RTRS-E-LEN-FIN-NEWS]

Michael Flaherty (michael.flaherty@thomsonreuters.com) >
Glorious sputters in HK trading debut [ID:nHKG291426] >
After Myer, buyout firms eye exit in Australia [ID:nSYD546565]
> Strong Wynn Macau IPO pressures debut, rivals [ID:nHKG57230]
> Wilmar seen delaying HK IPO in volatile market
[ID:nSIN488550] > Japan banks to bear brunt of new capital
rules [ID:nT306019] > TAKE A LOOK - Global IPO market heats up

[ID:nSP393789]

AUTOS

DOLLAR, TAX POLICIES EYED IN JAPAN

With a new government in place in Tokyo, Japanese
automakers have plenty to be nervous about in the coming
months: a finance minister who seems at times to condone a
strong yen -- and a fresh ruling party that appears
unenthusiastic about continuing a green car tax scheme that has
helped stem some of the sharp slide in Japanese vehicle sales.

The interim earnings season may not bring any surprises
with second-half forex assumptions already set around current
levels. But depending on whether -- and how far -- the dollar
falls further, automakers may reset their assumptions, possibly
calling for downward revisions to their already weak forecasts.

[E-ASIA-AUT-NEWS-RTRS-LEN]

Chang-Ran Kim (ran.kim@thomsonreuters.com) > Mazda to raise
$1.1 bln for new R&D [ID:nT115472] > Toyota boss
laments weak dollar as profit-buster [ID:nT297464] > Honda eyes
EV as hydrogen infrastructure lags [ID:nT188490] > TAKE A
LOOK - Auto industry grapples with change [ID:nCARS1]

RESOURCES

AUSTRALIA GETS TOUGH; IPOS CONTINUE

China-fatigue may be taking hold in Australia when it comes
to selling off the country's mineral assets, with the Foreign
Investment Review Board (FIRB) saying it is against majority
foreign stakes in new mining projects.

Australia so far has evaluated each China-related
investment proposal individually, but the guidelines
effectively killed China Nonferrous Metal Mining (Group) Co's
bid to buy a majority interest in rare earths miner Lynas Corp
(LYC.AX). What the guidelines mean for Yanzhou Coal's (1171.HK)
proposed $2.9 billion buyout of Felix Resources FLX.AX is
anyone's guess.

Meanwhile, Hong Kong's market is buzzing with resources
firms from all over the world seeking funds to develop
expensive projects and finance acquisitions.

Russian aluminium firm UC RUSAL has re-started plans for a
Hong Kong stock listing to raise $2 billion. Metallurgical Corp
of China (1618.HK)(601618.SS) has raised $2.3 billion. The
stock slumped about 12 percent on its debut, but resources IPOs
will continue in the near-term, with Mongolia-focused miners
waiting in the pipeline.

Metals/Mining - [ASIA-LEN-RTRS-MTL-NEWS]

Energy - [ASIA-LEN-RTRS-ENR-NEWS]

Joseph Chaney (joseph.chaney@thomsonreuters.com) >
Australian Senate backs foreign investment rules [ID:nSYD3553]
> China invests in Australian resources [ID:nSP540692]
> Yanzhou Coal resubmits Felix bid approval [ID:nSYD466090]
> BNP, BOCI tapped for RUSAL's $2 bln HK IPO [ID:nLU240742]
> 'Over-priced' MCC falls; may dent new IPOs [ID:nHKG40069]

TECH

TECH FIRMS WARN THEY CAN'T KEEP UP WITH DEMAND

After months of scaling back their output during a global
slowdown, tech manufacturers are finding they may have cut too
much as demand begins to return for products from PCs and
mobile phones to computer servers. Shortages are rippling
through many tech sectors, from high-end DRAM and NAND memory
chips used in PCs and cellphones to LCD panels used in TVs and
PC monitors. Alerts have come from the bigger players such
as Samsung (005930.KS) and LG Display (034220.KS) down the food
chain to smaller firms such as chipmaker Nanya Tech (2408.TW)
and AU Optronics (2409.TW) -- all warning of bottlenecks.

The shortages, created by drastic cutbacks during the
downturn, could squeeze producers of higher-end products like
state-of-the-art PCs and LCD televisions, which took some of
the biggest hits over the last year as consumers and businesses
reined in spending.

Telecoms - [RTRS-LEN-E-NEWS-TEL-ASIA]

Electronics - [RTRS-LEN-E-NEWS-ELC-ASIA]

Chips - [RTRS-LEN-E-NEWS-ELI-ASIA]

Doug Young (doug.young@thomsonreuters.com) > Samsung sees
strong Q3; profits may have peaked [ID:nT89846] > Memory chip
market set for new blow-out banquet [ID:nTP145879] > Toshiba to
trim R&D spend in chip business [ID:nBNG474232] > Taiwan to
let chip, LCD makers invest in China [ID:nTP321454]
(Editing by Ian Geoghegan)