Thai stocks seen higher on energy shares

BANGKOK, June 30 (Reuters) - Thai stocks are expected to
open higher on Monday, led by the energy sector .SETEN as
investors expected the government to float liquefied petroleum
gas prices next month.

"The PTT group should benefit from the float," Siam City
Securities analyst Sukit Udomsirikul said, referring to PTT Pcl
PTT.BK, the country's biggest energy firm.

"That should help stimulate market sentiment which is
clouded by concerns about high inflation and politics," he
said.
The domestic price for LPG was fixed last year at 18.13 baht
per kg and the government said it would float the price in
July. It did not set a specific date.

Commodities .SETA and shipping firms .SETTP may also
get a boost from rising food prices and freight rates, Sukit
said.

He expected resistance on the main index .SETI of 780
points and support at 770 points.

On Friday, the benchmark SET index rose 0.17 percent to
775.73 points.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0100 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1278.38 -0.37% -4.770
USD/JPY JPY= 106.41 0.24% 0.250
10-YR US TSY YLD US10YT=RR 3.9787 -- 0.010
SPOT GOLD XAU= 926.95 -0.02% -0.200
US CRUDE CLc1 141.69 1.06% 1.480
DOW JONES .DJI 11346.51 -0.93% -106.91
ASIA ADRS .BKAS 149.02 0.11% 0.17
-------------------------------------------------------------
MARKET SUMMARY > Oil rises above $141 on weak dlr, Israel-Iran
tensions [O/R] > Wall St Week Ahead:Stocks face the bear, jobs
data on tap[.N] > FOREX-Dollar hits 3-week low vs euro as oil,
stocks weigh[USD/] > TREASURIES-Bonds shine as safe haven from
mauled stocks [US/] > Gold slips but near 1-month high, watches
oil [GOL/]

STOCKS AND FACTORS TO WATCH

- Thailand plans to increase fiscal spending in the
2008/2009 budget by 10.5 percent to support economic growth,
the newly elected government said in a budget address.
[ID:nSP190866]

- Thailand's strong exports are expected to return its
trade account to surplus in May but climbing inflation will
pile more pressure on the central bank to raise rates at its
next policy meeting, a Reuters survey showed. [ID:nBKK97489]

- Power Line Engineering PCL PLE.BK

The integrated engineering and construction service company
said it expected 2008 net profit of 633 million baht, up from
149 million baht it earned last year, helped by improving
overseas businesses and higher margins.

- For the Thai press digest click on [ID:nBKK318669]

- 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=33.50 Baht)
(Reporting by Arada Therdthammakun; Editing by Darren
Schuettler)