SE Asia Stocks-Pull back, S'pore, Indonesia at 1-week low

* Financials, big caps pull S'pore, Indonesia lower

* Thai banks fall; Fitch Ratings sees rising bad debt

* Vietnam bucks trend, rising for third day

By Viparat Jantraprap

BANGKOK, Aug 31 (Reuters) - Stock indexes in Singapore and
Indonesia fell to around a one-week low on Monday, weighed down
by losses in big-caps and financials such as Oversea-Chinese
Banking Corp (OCBC), Telkom Indonesia and Bank Rakyat.

Singapore's index .FTSTI dropped 1.4 percent, ending just
above the lowest level since Aug. 25 hit during the day, with
OCBC (OCBC.SI) sliding 5.6 percent and Singapore Telecom
(STEL.SI) off 3.1 percent. Indonesia's index .JKSE lost 1.5
percent, earlier touching its lowest since Aug. 21, led by a
3.2 percent fall in Bank Rakyat (BBRI.JK) and a 2.9 percent
drop in Telekomunikasi Indonesia (TLKM.JK).

State miner Aneka Tambang (ANTM.JK) dropped 5.2 percent and
Timah (TINS.JK) fell 1.2 percent after they unveiled sharp
falls in second-quarter net profit amid weaker nickel and tin
prices.

Market volume in the region retreated as investors turned
cautious after China's key stock index dived 6.74 percent to a
three-month closing low on Monday, dealers said. [nBJD002975]

In Bangkok, the main stock index .SETI ended down 0.6
percent, reversing a 0.7 percent gain on Friday, in thin
turnover of $353 million.

"The leg should be downward in the middle of the week
because of ex-dividend effects and the uncertainty over Chinese
shares," said Rakpong Chaisuparakul, a dealer at broker KGI
Securities.

PTT PTT.BK, Thailand's biggest energy firm, fell 1.2
percent as the stock will trade ex-dividend on Sept. 2 and Thai
Oil TOP.BK, the biggest oil refiner, lost 0.6 percent ahead
of its ex-dividend trade on Sept. 1

Bangkok Bank BBL.BK fell 1.8 percent and Kasikornbank
KBAN.BK eased 0.7 percent.

Fitch Ratings said the amount of bad debt at Thai
commercial banks would swell to 10 percent of total lending by
the end of this year from 7-8 percent in the first half due to
the weak economy. [nBKK320445]

It said it expected the Thai economy to contract by 3.1
percent this year, and even though the collapse in Asian
exports may be over, Thailand's recovery could be handicapped
by its political crisis.

Bucking the trend, Vietnam's index .VNI rose for a third
day, adding 1.9 percent. Real estate developer Hoang Anh Gia
Lai HAG.HM and Saigon Securities SSI.HM each gained nearly
5 percent. For Vietnam's stock report sees [ID:nHAN72445]

Stock markets in Malaysia and the Philippines were closed
for holidays.
($1=33.98 Baht)
(Editing by Alan Raybould)