SE Asia Stocks-Thailand at 1-week low; Indonesia up on MSCI news

* Energy selling pulls Thailand down

* Adaro leads gains in Indonesia on MSCI index news

* Singapore eases, Malaysia flat

By Viparat Jantraprap

BANGKOK, Nov 12 (Reuters) - Thai stocks fell to a one-week
low on Thursday, weighed down by losses in energy heavyweights
PTT and PTT Exploration, while Indonesia climbed to its highest
in more than two weeks as Adaro Energy jumped on MSCI index
news.

Major Southeast Asian stock markets elsewhere were taking a
breather after a recent rally, with Singapore's index .FTSTI
dropping 0.5 percent after climbing for over four days, while
Malaysia .KLSE inched up 0.1 percent.

"Stock market sentiment globally turned a bit neutral.
Several markets have scaled peaks this year and they are now
consolidating," said Tisco Securities strategist Viwat
Techapoonphol in Bangkok.

"Thailand was largely hit by selling in PTT and PTT
Exploration and by domestic issues," he said, referring to
growing political uncertainty as fugitive former premier
Thaksin Shinawatra rallied supporters from just over the border
in Cambodia, while his opponents planned a weekend rally in
Bangkok.

Thailand's index .SETI dropped nearly 3 percent to
696.72, its lowest since Nov. 6, with PTT PTT.BK, the
country's biggest energy firm, sliding 5.6 percent to 236 baht
and its exploration flagship, PTT Exploration and Production
PTTE.BK, losing 5.6 percent to 136 baht.

The two stocks weigh a combined 21 percent in the benchmark
Thai stock index.

Goldman Sachs cut its target price for PTT by 9.1 percent
to 300 baht and for PTT Exploration by 7.5 percent to 160 baht,
dealers said.

Investors were concerned about the outlook for the PTT
group due to a recent court order to suspend 76 industrial
projects, including those of PTT, at the country's biggest
industrial estate due to environmental concerns.

Some analysts expect a rebound in the Thai market due to
the improving economic outlook next year. Macquarie Research
has raised its Thai SET index target from 650 for 2009 to 800
for 2010, according to a research note.

In Singapore, Wilmar International (WLIL.SI) fell 2
percent, paring early gains after the world's largest listed
palm oil firm said it was optimistic about prospects for the
rest of this year after a one-off gain helped it post a
better-than-expected 35 percent rise in quarterly profit.

Singapore Telecommunications (STEL.SI) dropped 1.7 percent
and Singapore Exchange (SGXL.SI) fell 2.3 percent.

In Kuala Lumpur, palm plantation firm Sime Darby (SIME.KL)
gained 0.1 percent in response to higher Malaysian crude palm
oil futures.

Malayan Banking (MBBM.KL) fell 0.2 percent before the top
lender announced that its first-quarter net profit had risen by
more than half as the rebound in Asian economies boosted
fee-based income and its loan book.

Indonesia's index .JKSE ended up 0.7 percent, hitting its
highest since Oct. 27, with top coal miner Adaro Energy
(ADRO.JK) climbing 4.5 percent after news the stock will be
included in the MSCI Indonesia Index with effect from Nov. 30.

Other stocks that will also be included in the index
gained, with coal miner Indo Tambangraya Megah (ITMG.JK) up 3.7
percent and Bank Negara Indonesia (BBNI.JK) 2 percent higher.

In Manila, the index gained 0.9 percent, with conglomerate
Metro Pacific Investments Corp (MPI.PS) up 3.9 percent after
reiterating that its purchase of more shares in Manila Electric
would not trigger a costly tender offer.

Manila Electric Co (MER.PS) fell 1.9 percent.

Vietnam's index .VNI extended its gains into a second
day, adding 1.7 percent. [ID:nHAN111841]
($1=33.27 Baht)
(Editing by Alan Raybould)