SE Asia Stocks-Mostly falter after Fed caution, Manila rises

* Big-cap selling weighs on S'pore after Fed holds rate

* KL ends flat, mining drags Jakarta down

* Thailand dips on banking, energy sell-off

By Ploy Ten Kate

BANGKOK, Nov 5 (Reuters) - Southeast Asian stock markets
were mostly lower on Thursday after a cautious economic outlook
from the U.S. Federal Reserve, with Singapore heavyweights
CapitaLand and SingTel coming under selling pressure, but
Manila ended firm.

Asian shares in general dipped and the dollar fell after
the Fed pledged to keep rates near zero for an extended period
and said the recovery in the world's biggest economy would be
sluggish.

"Despite the Fed's view of an economic recovery, selling
pressure kicked in during the last half-hour of trading," said
Somchai Anektawepon, an analyst with Finansia Syrus Securities.

At 1019 GMT, Dow Jones futures DJc1 were down 0.06
percent and the MSCI Asia Pacific index ex-Japan
.MIAPJ0000PUS had dropped 0.7 percent. It has fallen 5.5
percent from multi-month highs since Oct. 20.

Singapore's index .FTSTI lost 0.7 percent after gaining
about 1 percent a day earlier, with developer CapitaLand
(CATL.SI) falling 3.4 percent.

SingTel (STEL.SI) fell about 1 percent after a "neutral"
rating from Goldman Sachs, citing rising operational
challenges. [ID:nSIN145229]

Malaysian shares .KLSE ended flat, weighed down by losses
in plantation-based conglomerate PPB Group (PEPT.KL), down 2.5
percent, and energy services firm Ramunia (RAMU.KL), which
plunged 5 percent.

But top palm planter Sime Darby (SIME.KL) and sixth-ranked
lender Hong Leong Bank (HLBB.KL) closed 0.8 and 1.1 percent
higher on merger and acquisition talk.

In Manila, the index .PSI bucked the trend, closing up
1.3 percent, with Ayala Land Inc (ALI.PS), the country's
largest developer, up 4.9 percent at a near-one-week high and
San Miguel (SMCB.PS) up 2.3 percent at a three-week high after
posting a 24 percent rise in third-quarter income.
[ID:nMNA002447]

Strong buying was also fuelled by the Philippine central
bank's saying that near-term inflation remained manageable
despite a spike in consumer prices in October.

Manila's central bank kept its policy rate at a record low
for the third meeting in a row, as widely expected.

Among other gainers were First Philippine Holdings
(FPH.PS), up 6.4 percent at a 21-month high, as the Lopez
business clan came close to a decision on the sale of its
Manila Electric (MER.PS) stake. [ID:nMAN506473]

Elsewhere in the region, Vietnam .VNI shot up 3.4
percent, recovering from a 0.4 percent dip a day earlier. In
Jakarta, profit-taking caused the market's .JKSE 0.2 percent
fall, with investors unloading mining stocks.

Top producer PT Adaro Energy (ADRO.JK) was down 1.3
percent, PT Aneka Tambang (ANTM.JK) was down 2.1 percent and PT
ATPK Resources (ATPK.JK) ended over 6 percent lower.

Shares in PT Bumi Resources (BUMI.JK) fell about 4 percent,
coming off an earlier sharp drop of 6 percent in the day, after
China Investment Corp, the country's sovereign wealth fund,
confirmed it had invested $1.9 billion in the firm via debt
instruments. [ID:nBJB003557]

Thailand's stock index .SETI slid 0.7 percent after a 2.7
percent rally a day earlier, with investors selling major banks
and energy heavyweights.

Among underperformers, top energy firm PTT PTT.BK fell
0.9 percent and top refiner Thai Oil TOP.BK almost 3
percent.
($1=33.40 Baht)
(Editing by Alan Raybould)