SE Asia Stocks-Thailand jumps; others up as Dubai worries fade

* Thailand rises on news industrial estate court verdict
due

* Singapore, Malaysia snap recent falls as Dubai fears ease

* Rise in Philex Mining pushes Philippines higher

By Arada Kultawanich

BANGKOK, Dec 1 (Reuters) - Southeast Asian stock markets
ended higher on Tuesday, with Thai stocks .SETI leading the
gains, cheered by news there would be an early court ruling in
a case involving the country's biggest industrial estate.

The Bangkok bourse closed up 3.04 percent at a
near-two-week high, boosted by heavyweight PTT PCL PTT.BK,
which climbed 5.8 percent, and a 4.0 percent rise in top cement
maker Siam Cement SCC.BK. PTT Aromatics PTTAR.BK shot up
9.13 percent and PTT Chemical PTTC.BK gained nearly 8.0
percent.

These are among the firms affected by a court order in late
September that ordered the suspension of operations worth $9
billion at 76 industrial plants because of environmental health
concerns at the Map Ta Phut estate.

A final ruling is now due on Wednesday, much earlier than
the market had expected, and some analysts expect it to be
positive for business. [ID:nBKK192770]

"The industrial case boosted the rally. The scheduling of
the verdict date means the uncertainity should be over soon, no
matter how the court rules," said KGI Securities strategist
Adisak Kammool.

"And don't forget we are now in December, which is the
month when foreign funds want to snap up shares before their
long holidays," he added.

Analysts said easing concerns over Dubai's debt woes helped
sentiment across the region, together with a comment from the
International Monetary Fund's Asia-Pacific representative about
Asian banks' limited exposure. [ID:nKLR497012]

At 0902 GMT, the MSCI index of Asia-Pacific shares outside
Japan .MIAPJ0000PUS was up 1.36 percent.

Singapore's stock index .FTSTI rose 1.42 percent,
recovering from a fall to a two-week low a day earlier, while
Malaysia's market .KLSE rose 0.6 percent, snapping a
three-day losing streak, and Indonesia .JKSE gained 1.52
percent.

Manila .PSI closed up 1.74 percent at its highest level
since March 2008, boosted by a 5.6 percent rise in Philex
Mining Corp (PX.PS) on reports it was ramping up exploration
activities in a gold and copper mining prospect in the southern
Mindanao island. [ID:nMAN429176]

The smallest regional market, Vietnam .VNI rose 2.14
percent to a one-week high, extending Monday's strong gain.

In Singapore, DBS Group (DBSM.SI) rose 0.28 percent,
recovering from Monday's 3.0 percent fall. Southeast Asia's top
lender said its total exposure to Dubai was about $1.28
billion. [ID:nSIN416581].

Brokers in Singapore said the outlook for DBS and other
banks remained positive and they should benefit from earnings
momentum in 2010.

Rival United Overseas Bank (UOBH.SI) climbed nearly 3.0
percent and Oversea-Chinese Banking Corp (OCBC.SI) rose 2.51
percent after they said their exposure was insignificant.

In Kuala Lumpur, top lender Maybank (MBBM.KL) rose 1.93
percent and number two CIMB Bank CIMB.BK climbed 1.9 percent
after a newspaper quoted the central bank chief as saying
Malaysian banks had limited exposure to Dubai. [ID:nKLR416912]

But that was offset to some extent by weakness in palm oil
shares, with Malaysia's second-largest palm oil producer, IOI
Corp (IOIB.KL), down 0.74 percent, after crude palm oil futures
edged 0.9 percent lower on weaker soyoil prices.
[ID:nKLR350562]
($1=33.20)
(Editing by Alan Raybould) FACTORS TO WATCH: IMF says UK banks
most exposed to Dubai, Asia limited[nKLR497012] Malaysia GDP to
grow 5 pct in 2010-finance official [nKLR379960] Thai Nov
consumer prices up 1.9 pct on year [nBKK489558]
Indonesia's Nov inflation eases to 2.41 pct yr/yr
[nJKB003305] Thai court to give early industrial estate verdict
[nBKK192770] Thai Ch Karnchang to miss 2009 revenue target

[nBKK74609]
For South East Asia Hot Stock reports, click;
[.SI] [.KL] [.BK]
SOUTHEAST ASIAN STOCK MARKETS
Change on the day
Market Current Prev Close Pct Move
Singapore 2770.95 2732.12 +1.42
Kuala Lumpur 1266.71 1259.11 +0.60
Bangkok 710.01 689.07 +3.04
Jakarta 2452.50 2415.84 +1.52
Manila 3097.92 3044.97 +1.74
Ho Chi Minh 514.92 504.12 +2.14
Change on year
Market Current End prev yr Pct Move
Singapore 2770.95 1761.56 +57.30
Kuala Lumpur 1266.71 876.75 +44.48
Bangkok 701.01 449.96 +57.79
Jakarta 2452.50 1355.40 +80.94
Manila 3097.92 1872.85 +65.41
Ho Chi Minh 514.92 315.62 +63.15
Stock Market Volume (shares)
Market Current Volume Average Volume 90 days
Singapore 272,727,300 363,687,521
Kuala Lumpur 79,914,500 103,060,779
Bangkok 3,906,356 4,622,333
Jakarta 3,855,696,000 5,462,243,539
Ho Chi Minh 43,289 64,527
ASIA-PACIFIC STOCK MARKETS:
Pan-Asia........[STXNEWS/AS] Japan.......[.T]
S.Korea...[.KS]
S.E. Asia.......[.SO] Hong Kong...[.HK]
Taiwan....[.TW]
Australia/NZ....[.AX] India.......[.BO]
China.....[.SS]

OTHER MARKETS:
Wall Street....[.N] Gold .......[GOL/]
Currency..[FRX/]
Eurostocks.....[.EU] Oil ........[O/R] JP
bonds...[JP/]
ADR Report .....[ADR/] LME metals.[MET/L] US bonds..
[US/]
Stocks News US..[STXNEWS/US] Stocks News Europe
[STXNEWS/EU]

DIARIES & DATA:
IPO diary & data <SG/IPOMENU> Asia earnings diary
[ASIA/EQTY]
U.S. earnings diary [RESF/US] European diary
[WEU/EQTY]
Singapore diary [SG/DIARY] Wall Street Week Ahead
[.N/O]
Eurostocks Week Ahead [.EU/O]

TOP NEWS:
For top Asian company news, double click on: [nTOPEQA]
U.S. company news [TOP/EQU] European company news
[TOP/EQE]
Forex news [TOP/FRX] Global Economy news
[TOP/MACRO]
Banking news [TOP/FIN] Tech,Media,Telecoms
[TOP/TMT]
Politics/General news [TOP/G] Asia Macro data
ASIATODAY
A multimedia version of Reuters Top News is available at:
topnews.session.rservices.com

LIVE PRICES & DATA:
World Stocks <0#.INDEX> Currency rates EFX=
NFX=
Dow Jones/NASDAQ .DJI .IXIC Nikkei
.N225
FTSE 100 .FTSE Debt <0#USBMK=>
EURIBOR
(Local currency) THB= LME price overview
RING=