SE Asia Stocks-Mostly higher, led by rebounding blue chips

* SingTel leads gains in Singapore

* Indonesia, Thailand up, led by blue chips

* Malaysia bucks trend

By Viparat Jantraprap

BANGKOK, Nov 11 (Reuters) - Most Southeast Asian stock
markets rose on Wednesday, with Singapore hitting a 14-month
high and beaten-down blue chips recouping recent losses -- from
Indonesia's Bumi Resources to Thailand's Banpu.

Trading volumes generally eased as markets took a lead from
the ICE Futures U.S. dollar index .DXY, a measure of the
dollar's value against six major currencies. It is down 1.9
percent this month and was hovering near its lowest since Aug.
8.

"Our view is that U.S. dollar weakness would persist,
helping to maintain the argument for a medium-term bullish
market," said KGI Securities strategist Rakpong Chaisuparakul
in Bangkok.

Singapore's index .FTSTI ended up 1.2 percent at its
highest since Sept 3, 2008, with Singapore Telecommunications
(STEL.SI) rising 1.4 percent after Southeast Asia's biggest
telecom firm posted an 18.8 percent profit rise.

It also unveiled a plan to muscle into the fast-growing
markets of Africa to grow further after it gave a cautious
outlook for its core Singapore and Australian markets.

Indices in Thailand .SETI and Indonesia .JKSE reversed
course after falls on Tuesday, each eking out about a one
percent gain.

In Bangkok, top coal miner Banpu BANP.BK jumped more than
3 percent following its plan to invest $466 million over the
next six years, mostly in coal business.

Chicken exporter Charoen Pokphand Foods CPF.BK jumped 5.2
percent to 16-year high after it raised a 2009 net profit
target to a new record high.

In Jakarta, Bumi Resources (BUMI.JK) jumped 13 percent,
after a big drop on Tuesday on plans to increase debt while
coal miner Indo Tambangraya Megah (ITMG.JK) soared 7 percent
after its upbeat nine-month net profit.

The Philippines .PSI rose for a second day, ending up 1.7
percent at 19-month highs, with Philex Mining (PX.PS) jumping
nearly 7 percent to a record high on expectations that prices
will rise further ahead of a looming battle for control of the
top Philippine miner.

Vietnam .VNI advanced 2.5 percent after three days of
falls, led by a 4.8 percent gain of by Vincom VIC.HM and a 3
percent rise by Vinamilk VNM.HM.

Bucking the trend, Malaysia .KLSE eased 0.3 percent,
ending its sixth day of rises, as palm plantation firm Sime
Darby (SIME.KL) fell 1 percent and IOI Corp (IOIB.KL) was 0.4
percent lower, in line with weaker palm oil prices.

Among weak spots in the region, Singapore Airlines
(SIAL.SI), the world's largest airline by market value, lost
1.3 percent after reporting a worse-than-expected quarterly
loss of S$159 million.
($1=33.29 Baht)
(Editing by Jason Szep)