SE Asia Stocks-Energy results worries hit Thailand, others mixed

Fri Jan 9, 2009 10:02am GMT
 
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 * Thailand falls on concern over energy earnings
 * Others mixed ahead of U.S. job data
 By Viparat Jantraprap
 BANGKOK, Jan 9 (Reuters) - Thai stocks fell more than 1
percent on Friday as investors unloaded shares in PTT and its
group on expectations of weak fourth-quarter earnings, while
other Southeast Asian markets ended mixed ahead of U.S. job
data.
 Expectations that December U.S. payrolls would show big job
losses and deal a blow to hopes of a speedy recovery this year
pulled Asian stocks lower, and investors confined their
interest to domestic sectors such as telecoms.
 Thailand's benchmark stock index .SETI ended down 1.28
percent, with PTT PTT.BK, Thailand's biggest energy firm,
sliding 3.28 percent and its refinery unit, Thai Oil TOP.BK,
4.85 percent lower.
 PTT and its group told analysts and fund managers on a
visit on Thursday that the group would report losses for the
fourth quarter of 2008 that were above analysts' forecasts due
to losses on oil inventories, said Pichai Lertsupongkit, head
of sales at Thanachart Securities.
 PTT Aromatics PTTAR.BK lost 3.6 percent and PTT
Exploration and Production PTTE.BK was down 1.7 percent.
 "The earnings guidance by the PTT group yesterday
disappointed the market," he said. The quarterly results are
due to be released from late January.
 Singapore's Straits Times Index .FTSTI fell 1.2 percent
to a one-week low, with banks leading decliners. DBS Group
(DBSM.SI) was down 6.3 percent, United Overseas Bank (UOBH.SI)
lost 1.5 percent and OCBC (OCBC.SI) was 0.4 percent lower.
 Malaysia ended higher, its index .KLSE adding 0.9
percent, with palm plantation firm IOI Corp (IOIB.KL) up 0.5
percent as Malaysian palm futures rose after a rebound in crude
oil. [nJAK116306] [O/R]
 Telecoms shares gained in most markets, with Telekom
Malaysia (TLMM.KL) rising 0.67 percent, Singapore Telecom
(STEL.SI) gaining 1.2 percent and Thailand's True Corp
TRUE.BK adding 2.7 percent.
 Indonesian shares .JKSE climbed 1 percent, reversing from
a 1.3 percent fall on Thursday, with Telkom Indonesia (TLKM.JK)
up 1.4 percent and biggest plantation firm Astra Agro (AALI.JK)
up 9.2 percent.
 ($1=34.85 Baht)
 (Editing by Alan Raybould)















































































 

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