May 14, 2015 / 7:27 AM / 3 years ago

SE Asia Stocks-Mixed; weak US data, earnings weigh on region

BANGKOK, May 14 (Reuters) - Thai shares retreated on
Thursday as weak quarterly earnings weighed on PTT and
other large caps, while trading was mixed in other Southeast
Asian markets after the United States reported lacklustre retail
sales numbers for April. 
    U.S. retail sales were flat in April as households cut back
on purchases of automobiles and other big-ticket items, the
latest sign the economy was struggling to rebound strongly after
barely growing in the first quarter. 
    Bangkok's SET index was down 0.5 percent, giving up
gains from the previous day. Shares of energy firm PTT,
the biggest firm by market value, eased 0.6 percent after net
profit fell 21 percent in the first quarter. 
    Although the results beat expectations, volatile global oil
prices made market players wary of the company's outlook,
brokers said.
    Hotelier Minor International dropped 5.6 percent
as its core profit in the March quarter came lower than
forecasts, analysts said. 
    Singapore's key Straits Times Index eased 0.2
percent, reversing from Wednesday's rebound.
    "We expect the local bourse to trade within a narrow range
today as there's little to spur movement either way," said
Singapore-based NRA Capital in a report.
    Indexes in Malaysia, the Philippines and
Vietnam all posted modest gains. MSCI's broadest index of
Asia-Pacific shares outside Japan was virtually
flat while U.S. stocks overnight ended little changed. 
    Large caps in Southeast Asia fell after reporting earnings.
    Singapore Telecommunications Ltd was down 0.2
percent after a small rise in quarterly net profit. Bloomberry
Resorts Corp dropped 12.6 percent after a quarterly
net loss. 
    Indonesia was closed on Thursday for a public
holiday, and will reopen on Friday. 
For Asian Companies click;  
For South East Asia Hot Stock reports, click;

 Change at 0647 GMT
 Market             Current     Prev Close    Pct Move
 Singapore          3447.44       3453.17       -0.17
 Kuala Lumpur       1806.68       1803.02       +0.20
 Bangkok            1489.25       1495.95       -0.45
 Manila             7831.08       7808.35       +0.29
 Ho Chi Minh         543.95        542.82       +0.21
 (Reporting by Viparat Jantraprap; Editing by Biju Dwarakanath)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below