SE Asia Stocks-End July with healthy gains,S'pore at 11-mth high

* Indonesia adds 6.3 percent this week, Singapore 5.0
percent

By Viparat Jantraprap

BANGKOK, July 31 (Reuters) - Singapore shares hit an
11-month high on Friday and several other Southeast Asian stock
markets touched their highest in around a year, ending the
month with decent gains amid hopes of global economic recovery.

Singapore's index .FTSTI ended up 0.9 percent, coming off
an early rise to its highest since Sept. 9, 2008, pushed up by
gains in heavyweight financials and other big-caps ahead of
quarterly earnings announcements in coming weeks.

DBS Group (DBSM.SI), Southeast Asia's biggest lender, added
0.7 percent, Oversea-Chinese Banking Corp (OCBC.SI) advanced
0.9 percent and Singapore Exchange (SGXL.SI), Asia's second
largest listed bourse, was up 1.04 percent.

Singapore Exchange is expected to unveil a net profit of
S$81.5 million ($56.56 million) for the April-June fiscal
fourth quarter, down 9.8 percent, a Thomson Reuters poll
showed.

Global economic data released over the past week and
generally better-than-expected corporate results in the United
States convinced investors that an economic recovery was under
way, analysts said.

Most markets in the region rose for a third week, Indonesia
standing out with the biggest gain of 6.3 percent for the week,
ahead of Singapore's 5.0 percent.

In Bangkok, Thailand's SET index .SETI gained 0.3
percent, erasing some of its early gain to its highest since
June 15.

"The short-term market trend remains highly uncertain. For
now, we still have faith that some degree of market correction
will be seen in the middle of August," broker KGI Securities
said.

Among gainers, Siam Cement SCC.BK rose 5.1 percent amid
expectations that a delay in new capacity from India and the
Middle East would help boost its petrochemical spread in the
second half. It posted a better-than-expected result on
Thursday.

Cal-Comp Electronics CCET.BK climbed 4.2 percent on
optimism the company would benefit from a recovery in global
demand. Analysts expected it to report a surge in
second-quarter net profit thanks to rising orders.

The Indonesian index .JKSE added 1.1 percent on Friday,
off an early 1.5 percent gain to its highest since July 2,
2008, with Bumi Resources (BUMI.JK) up 15.5 percent after a
special purpose vehicle owned by the coal producer raised $375
million in a convertible bond offering.

Bank Mandiri (BMRI.JK), which reported higher
second-quarter net profit, climbed 6.4 percent. Telekomunikasi
Indonesia (TLKM.JK) lost 4.8 percent, even though the largest
telecoms firm posted a 16 percent rise in quarterly profit.

Malaysia's index .KLSE was up 1.2 percent, led by a 4.9
percent rise in Bumiputra Commerce BUCM.KL and a 3.1 percent
gain in Sime Darby (SIME.KL), while Vietnam's index .VNI
climbed 3.3 percent, ending a three-day fall, with top insurer
Bao Viet BVH.HM up nearly 5 percent.

The Philippine index .PSI rose 1.2 percent, off a
14-month high hit earlier, led by a 9.5 percent rise in
Megaworld (MEG.PS) and a 6.9 percent gain in Metro Bank
(MBT.PS).
($1=34.03 Baht)
(Editing by Alan Raybould)