SE Asia Stocks-Energy results worries hit Thailand, others mixed
* 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)
© Thomson Reuters 2009 All rights reserved.



