Thai Hot Stocks-Pacific Pipe gains, PTTEP down

(Adds Pacific Pipe)

BANGKOK, Nov 2 (Reuters) - Thailand's stock index .SETI
was down 1.5 percent at 674.96 in thin turnover of 6.47 billion
baht ($193.5 million) at 0425 GMT on Monday.

The main index fell for a fourth session, having hit the
lowest in more than two weeks at 671.84 at one point.

Stocks on the move included:

PACIFIC PIPE PAP.BK SURGES ON PARTNER, REVENUE BOOST
REPORT

Steel pipe maker jumped almost 7 percent to 1.69 baht,
coming off a four-day high of 1.80, after Tanhoon newspaper
reported the company was open to possible tie-ups with rivals
and expected higher revenue of 4 billion baht in 2010 versus
this year's expected 3.5 billion baht, helped by a steel
industry recovery.

In 2008, the company reported a 17 percent rise in revenue
to 3.94 billion baht

0426 GMT

PTTEP PTTE.BK HIT BY FIRE AT TROUBLED RIG

The country's top oil and gas explorer shed as much as 4.8
percent to 138 baht, its lowest in more than three weeks,
leading the market decline, following a fire at an Australian
project.

An oil rig operated by its PTTEP Australasia Pty Ltd
subsidiary in the Montara field located in the Southern Timor
Sea, which has been leaking for 10 weeks, caught fire.
[ID:nSYD469764]

The company told the exchange it was in the process of
brining the fire under control. All personnel were safe, with
no injuries.

0337 GMT

TELECOMS STOCKS DOWN ON EXPECTED 3G DELAY

True Corp TRUE.BK, which owns number three mobile phone
operator True Move, fell 2.3 percent to 3.38 baht while the
biggest, Advanced Info Service ADVA.BK, lost 0.6 percent to
85.75 baht as an auction of third-generation mobile phone
licences was expected to be delayed yet again.

One of the members of the National Telecommunication
Commission (NTC) told Reuters on Friday the auction could be
delayed to February as the documentation process may take
longer than planned. [nBKK419908]

0338 GMT

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

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- For Thailand economic forecast: [POLL-ECI-TH-RTRS]
($1=33.44 Baht)
(Reporting by Ploy Ten Kate; Editing by Alan Raybould)