Thai stocks set to edge higher on energy buying

BANGKOK, Nov 5 (Reuters) - Thai stocks are expected to rise
on Thursday, extending gains from the previous day, with
investors likely to snap up energy shares hit by a recent
sell-off, analysts said.

However, falls on other Asian bourses may dampen sentiment,
they said.

"There's still buying of energy shares after the stocks
faced heavy selling earlier. Rising oil prices should help fuel
buying," said Kavee Chukitkasem, head of research at Kasikorn
Securities.

U.S. crude futures held above $80 a barrel in early trade
after U.S. crude inventories showed an unexpected decline. At
0101 GMT, NYMEX crude for December delivery CLc1 was down 40
cents at $80.

The energy subindex .SETEN recovered on Wednesday from an
11-week low after a unit of PTT Exploration and Production
(PTTEP) (PTTE.BK) 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]

On Wednesday, the benchmark SET index rose 2.68 percent to
686.41, recovering from a five-day losing streak.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0112 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1026.13 1.86% 18.760
USD/JPY JPY= 94.63 0.26% 0.250
10-YR US TSY YLD US10YT=RR 3.5799 -- 0.011
SPOT GOLD XAU= 953 0.04% 0.350
US CRUDE CLc1 74.27 0.51% 0.390
DOW JONES .DJI 9505.96 1.67% 155.91
ASIA ADRS .BKAS 120.80 0.23% 0.28
-------------------------------------------------------------
MARKET SUMMARY > NYMEX-Crude inches down after settling above
$80 [O/R] > Wall St rally fades late after Fed; Cisco up
late [.N] > Dollar pressured by Fed's pledge on low rates

[USD/] > Supply worry dents prices; Fed keeps rates
steady [US/] > Gold mostly steady around $1,090

[GOL/]

STOCKS AND FACTORS TO WATCH

- Property Perfect PF.BK

The housing developer 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.

- Thai economic ministers approved a plan to set up a fund
to raise money from investors for state enterprises to finance
infrastructure projects. [ID:nBKK543600]

- Thai Police said they had arrested a third person on
suspicion of spreading rumours about the health of the
country's 81-year-old king that triggered a slide in stock
prices. [ID:nBKK532853]

- 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)