Thai stocks seen falling on politics, banks in focus

BANGKOK, June 2 (Reuters) - Thai stocks are expected to
edge down on Monday amid increasing concerns about domestic
politics after a tense weekend street protest, analysts said.

An opposition group vowed to hold more of the street
rallies that began in Bangkok a week ago to try to force the
government of Prime Minister Samak Sundaravej to step down.
[ID:nBKK268711]

"Foreign investors are queuing up to sell shares as the
political turbulence drags on," a dealer at BT Securities said,
expecting support on the main index .SETI at 821 points and
resistance at 838-840 points, he added.

On Friday, the benchmark SET index rose 0.37 percent to
833.65 points after energy stocks climbed when it became clear
that an agreement by Thai refiners to cut diesel prices would
not squeeze their earnings as much as feared.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0131 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1400.38 0.15% 2.120
USD/JPY JPY= 105.39 0.09% 0.100
10-YR US TSY YLD US10YT=RR 4.065 -- -0.002
SPOT GOLD XAU= 885.75 -0.02% -0.150
US CRUDE CLc1 127.24 -0.09% -0.110
DOW JONES .DJI 12638.32 -0.06% -7.90
ASIA ADRS .BKAS 163.98 1.16% 1.88
-------------------------------------------------------------
MARKET SUMMARY > Oil steady at $127, storm Arthur opens
hurricane season[O/R] > US STOCKS-Tech jumps on Dell optimism,
broader market flat[.N] > Dollar drifts ahead of U.S. data,
sterling dips [USD/] > TREASURIES-Easing inflation fears
fuel bond gains [US/] > Gold ends up 1 pct as dollar
dips, oil gains [GOL/]

STOCKS AND FACTORS TO WATCH

- Bangkok Bank PCL BBL.BK

Thailand's largest bank said it would raise fixed deposit
rates by 12.5-100 basis points (bps) and lending rates by
37.5-bps, effective June 2. [ID:nBKK244662]

- Hana Microelectronics PCL HANA.BK

Integrated circuit (IC) packager expects strong demand from
China and India to boost its 2008 revenue and shield it from
any U.S. slowdown, its chief executive said. [ID:nBKK235123]

- Glow Energy PCL GLOW.BK

Power producer has set coupon rates for a two-tranche bond
issue worth up to 4 billion baht ($123 million) and due next
week, a fund manager said. [ID:nBKK174802]

- Thai Oil PCL TOP.BK

Thailand's biggest refiner has priced the coupon for its 3
billion baht ($93 million) issue of 4-year bonds at 4.74
percent, fund managers said. [ID:nBKK181060]

- Univanich Palm Oil PCL UVAN.BK

Thailand's biggest palm oil maker is boosting capacity and
seeking more plantation land in Southeast Asia as soaring
prices swell profits, its managing director said.
[ID:nBKK215177]

- Soaring oil imports pushed Thailand's trade deficit to
its highest level in 12 years in April, while the current
account deficit reached its widest point since mid-2005,
central bank data showed. [ID:nBKK288744]

- For the Thai press digest click on [ID:nBKK161874]

- 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=32.45 Baht)
(Reporting by Arada Therdthammakun; Editing by Ed Cropley)