SE Asia Stocks-S'pore off highs; political worries hurt Thailand

* Banks pull S'pore down from 15-month highs

* Political concerns weigh on Thai stocks

* Malaysia's IOI Corp up before upbeat results

By Viparat Jantraprap

BANGKOK, Nov 24 (Reuters) - Southeast Asian stock markets
ended mixed on Tuesday, with Singapore reversing early gains to
15-month highs after broad selling in banks and property while
Thai stocks fell to three-week lows amid political concerns.

Singapore's index .FTSTI eased 0.6 percent, with DBS
Group (DBSM.SI), Southeast Asia's biggest bank, sliding 2.4
percent, United Overseas Bank (UOBH.SI) easing 1.6 percent and
Oversea-Chinese Banking Corp (OCBC.SI) off 2.1 percent.

Property shares declined even though Singapore's government
said it was holding off further steps to curb speculation for
now. City Development (CTDM.SI) slid 3.1 percent and CapitaLand
(CATL.SI) lost nearly 1 percent. [ID:nSIN466451]

The Straits Times Index earlier climbed to its highest
level since Aug. 15, 2008.

"I foresee weakness down the week towards the Thanksgiving
holiday in the United States as traders are likely to unwind
positions ahead of the long holiday," a stock dealer in
Singapore said.

Thailand .SETI dropped 2.1 percent to its lowest since
Nov. 4 as the government imposed tough security in Bangkok from
Nov. 28 to Dec. 14 to cope with an anti-government rally
starting on Saturday. [ID:nBKK486658]

Top energy firm PTT PTT.BK fell 3.5 percent, its
exploration flagship PTT Exploration and Production PTTE.BK
lost 2.3 percent and Advanced Info Service ADVA.BK, the
country's biggest mobile phone operator, declined 4.4 percent.

"The political matter kept investors cautious," said
Chaiyaporn Nompitakcharoen, head of investment strategy at
Bualuang Securities.

"It's also year-end selling by investment portfolios
globally and markets are assessing if the global economic
recovery is on track," he said.

Malaysia .KLSE inched down 0.1 percent, with telecoms
firm Maxis (MXSC.KL) easing 2.3 percent while IOI Corp
(IOIB.KL) added 1 percent before it announced after the market
close that its quarterly net profit jumped 65 percent.
[ID:nWNAS7763]

Indonesia .JKSE lost 0.4 percent as coal miner Bumi
Resources (BUMI.JK) dropped 4.6 percent after it announced
another bond issue to finance acquisitions. [ID:nJAK490332]

Adaro Energy (ADRO.JK), the country's biggest coal miner,
dropped 2.3 percent, while Lippo Karawaci (LPKR.JK) lost 3.6
percent.

The Philippines .PSI rose 0.9 percent to its highest
since March 7, 2008, with mining firm Century Peak Metals
Holdings (CPM.PS) surging 10.3 percent and Philex Mining
(PX.PS) jumping 4.1 percent.

Vietnam .VNI dropped 1.9 percent to its lowest since Nov.
11, weighed down by a 2.2 percent loss in construction firm
Vinaconex VCG.HN and a 2 percent fall in Kim Long Securities
KLS.HN.
(Editing by Alan Raybould)
((viparat.jantraprapaweth@thomsonreuters.com; +66 2 648 9733;
Reuters Messaging:
viparat.jantraprapaweth.thomsonreuters.com@reuters.net))
((If you have a query or comment on this story, send an email
to news.feedback.asia@thomsonreuters.com))
FACTORS TO WATCH: Foreign inflows in emerging East Asia could
pose risk[nHKG307527] Citi raises Asian Property target price

[nBKK477639] Manila's SM Devt sets price for $102 mln
rightsoffer [nMAN459361] Ho Chi Minh Stock Exchange .VNI
falls 1.89 pct [nHAN100540]
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 2779.98 2797.88 -0.64
Kuala Lumpur 1272.09 1270.88 +0.10
Bangkok 676.22 690.41 -2.06
Jakarta 2471.88 2481.42 -0.38
Manila 3074.66 3048.00 +0.87
Ho Chi Minh 527.13 537.29 -1.89
Change on year
Market Current End prev yr Pct Move
Singapore 2779.98 1761.56 +57.81
Kuala Lumpur 1272.09 876.75 +45.09
Bangkok 676.22 449.96 +50.28
Jakarta 2471.88 1355.40 +82.37
Manila 3074.66 1872.85 +64.17
Ho Chi Minh 527.13 315.62 +67.01
Stock Market Volume (shares)
Market Current Volume Average Volume 90 days
Singapore 360,703,100 n.a.
Kuala Lumpur 109,991,100 n.a.
Bangkok 2,599,764 n.a.
Jakarta 4,818,716,000 n.a.
Ho Chi Minh 45,876 n.a.
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
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