Thai Hot Stocks-Telecom shares down on 3G delay concerns

(Adds telecoms shares)

BANGKOK, Nov 5 (Reuters) - Thailand's benchmark stock index
.SETI was down 0.18 percent at 685.16 at 0749 GMT on
Thursday, weighed down by profit-taking in big-cap banks and
telecom firms.

Stocks on the move included:

MOBILE FIRM SHARES DOWN ON CONCERN OVER 3G DELAY

Shares in the top three mobile phone operators fell sharply
and underperformed the market after a regulatory official said
the auction of third-generation mobile phone licences could be
delayed yet again by at least one month from next February.
[nBKK447277]

Top mobile phone operator Advanced Info Service ADVA.BK
was down 1.17 percent at 84.25 baht after touching a three-week
low of 84 baht earlier.

Second-ranked Total Access Communication DTAC.BK
(TACC.SI) slid 3.3 percent to a three-week low of 37 baht, and
True Corp TRUE.BK, major shareholder of number three True
Move, eased 2.8 percent to 3.48 baht.

0740 GMT

THAICOM THCOM.BK HITS 2-WEEK HIGH

Shares in Thailand's only satellite operator rose nearly 2
percent to 7.80 baht, having hit its highest since Oct. 21 at
8.05 baht in early trade, after brokers said more users of
iPSTAR, its broadband satellite, in overseas markets should
generate more income next year.

That meant the company might be able to pay a dividend from
2010 onward.

"iPSTAR business will take off in India in the next few
months, followed by Japan and China in 2010. On that
assumption, performance is forecast to turn positive next
year," Kim Eng said in a research note to clients, adding it
maintained a "speculative buy" rating on the stock.

0413 GMT

ENERGY SHARES .SETEN EDGE HIGHER

The energy subindex extended Wednesday's gain, rising 0.5
percent, led by a 1.5 percent rise in PTT Exploration and
Production PTTE.BK (PTTEP) to 136.50 baht after its
Australian unit said it had stopped an oil leak and doused the
main fire on its Montara and West Atlas oil rig in the Timor
Sea. [ID:nSYD410182]

However, PTTEP, whose stock hit a four-month low this week,
said the start-up of the Montara field in Australia might be
delayed from the first quarter of 2010 to an unspecified date
later in the year. [ID:nBKK489291]

0325 GMT

PROPERTY PERFECT PF.BK UP ON 2010 OUTLOK

The housing developer rose 0.5 percent to 4.14 baht after
the company said it expected to book revenue of 10 billion baht
next year, up from 7 billion baht expected for this year, as it
planned to start 10 new projects worth a combined 20 billion
baht.

0325 GMT

- For the Thai press digest click on [PRESS/TH]

- For Thailand's IPO diary click on <TH/IPOMENU>

- For Thailand's stock exchange news click on [TH-SET]

- For Thailand corporate earnings: [TH-RES-RTRS]

- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=33.42 Baht)
(Reporting by Arada Kultawanich; Editing by Alan Raybould)