SE Asia Stocks-Thailand, Indonesia lead regional losses

* Thailand falls ahead of market holiday

* Singapore's property sector mixed after results

By Viparat Jantraprap

BANGKOK, Oct 22 (Reuters) - Stock markets in Thailand and
Indonesia fell for a third day on Thursday, with financials and
big caps such as Siam Commercial Bank, Advanced Info Service,
Bank Rakyat and Astra International leading the way down.

Thailand's index .SETI was down 1.1 percent before
Friday's public holiday, adding to a 2.1 percent loss over the
previous two days. Dealers said foreign selling continued after
they unloaded shares worth a net 1.1 billion baht ($32.93
million) on Wednesday.

"Over the past two days, there have been emerging signs
that the SET will decline further," said Vikas Kawatra, head of
institutional broking at Kim Eng Securities.

"The SET has fallen amid improving exports and
better-than-expected third-quarter bank results, suggesting
that all the good news may be priced in," he said.

Among underperformers, Siam Commercial Bank SCB.BK
dropped 3 percent, Kasikornbank KBAN.BK slid 2.7 percent,
Advanced Info Service ADVA.BK eased 2.2 percent and Thai
Airways THAI.BK slumped 5.8 percent.

Indonesia's index .JKSE ended 1.8 percent lower, weighed
down by a 3.5 percent loss in Astra International (ASII.JK).
Bank Rakyat (BBRI.JK) drifted down 3.9 percent and Bumi
Resources (BUMI.JK) dropped 6.2 percent.
Trading volume on the Jakarta stock market, Southeast Asia's
second-best performer this year after Vietnam, fell.

Indonesian President Susilo Bambang Yudhoyono picked a
strong cabinet team of technocrats to handle economic policy
but could have placed more professionals in other posts to
accelerate reform, investors said. [ID:nJAK459498]

"Our index has gained the most in Southeast Asia. I think
it will not only fall today, but it's on a falling trend for
the time being," John Teja, head of sales at Ciptadana
Securities, said.

Singapore's index .FTSTI fell 0.4 percent, Malaysia's
index .KLSE was flat and the Philippines .PSI lost 1.1
percent. Vietnam bucked the trend, rising 0.9 percent.

In the city-state, Singapore Telecommunications (STEL.SI)
slid 1.3 percent while CapitaLand (CATL.SI) rose 3.5 percent.

Other property firms were mixed despite strong quarterly
earnings, with Keppel Land (KLAN.SI) up 1.8 percent and
CapitaMall Trust (CMLT.SI) down 2.3 percent.

In Kuala Lumpur, Malaysian Airline (MASM.KL) gained nearly
1 percent to 3.08 ringgit after Ambank upgraded the airline to
"buy" and raised fair value for the stock to 3.90 ringgit
[nKLR447604]

Decliners in Manila included Manila Electric (MER.PS),
which lost 5.2 percent, and Bank of the Philippine Islands
(BPI.PS), which was down 3.1 percent.

In Vietnam, the market was pushed higher by Saigon
Securities SSI.HM and steel maker Hoa Phat HPG.HM, which
gained almost 5 percent each.
($1=33.40 Baht)
(Additional reporting by Tyagita Silka in Jakarta)
(Editing by Alan Raybould)