Thai stocks sets to fall, Thai Airways eyed

BANGKOK, June 27 (Reuters) - Thai stocks are expected to
edge lower on Friday after sharp falls on overseas markets
triggered by world oil prices topping $140 a barrel, analysts
said.

"External factors should be the main theme weighing on
sentiment today," Siam City Securities analyst Sukit
Udomsirikul said.

Parliament is set to vote around 0230 GMT after three days
of no-confidence debate against Prime Minister Samak Sundaravej
and seven cabinet members, although the government is not
expected to suffer any defeats.

Support on the main index .SETI is expected at 765 points
and resistance at 780 points, the analysts said.

On Thursday, the benchmark SET index closed down 0.52
percent at 774.39 points, boosted by buying of banking and
telecom shares.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0115 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1283.15 -2.94% -38.820
USD/JPY JPY= 106.88 0.07% 0.080
10-YR US TSY YLD US10YT=RR 4.0389 -- 0.008
SPOT GOLD XAU= 913.8 -0.27% -2.450
US CRUDE CLc1 139.31 -0.24% -0.330
DOW JONES .DJI 11453.42 -3.03% -358.41
ASIA ADRS .BKAS 148.85 -3.45% -5.32
-------------------------------------------------------------
MARKET SUMMARY > Oil hits record over $140, Libya studies
output cut [O/R] > US STOCKS-Market drops 3 pct on profit
jitters, oil [.N] > Dollar near lows vs euro on econ, credit
worries [USD/] > Bonds rise as stock stumble, record oil
weighs [US/] > Gold up near 1-mth high on record oil, weak
dollar [GOL/]

STOCKS AND FACTORS TO WATCH

- Thai Airways THAI.BK

The national carrier's chairman, Chaisawasd
Kittipornpaiboon, made an abrupt about-face and scrapped a
board decision made earlier in the day to suspend president
Apinan Sumanaseni, the Bangkok Post reported.

- BankThai BT.BK

Thailand's ninth-largest lender told the stock exchange it
had sold 1,448 non-performing loans of its asset management
subsidiary to two state-run asset management firms for 3.88
billion baht.

- Thai Vegetable Oil (TVO.BK)

Southeast Asia's biggest soybean oil producer said it
expected 2008 net profit to grow more than 20 percent due to
improving cost management and an expected rise in revenues by
32-33 percent from last year.

- Bangkok Dusit Medical Services PCL BGH.BK

Thailand's largest hospital firm said second-quarter
revenues should be better than a year earlier due to higher
patients and growing revenues from its overseas business.

- Consumer confidence in Asia has fallen sharply from six
months ago amid concern about the impact of surging food
prices, volatile financial markets and the continuing global
credit crunch, a MasterCard survey shows. [ID:nHKG293716]

- For the Thai press digest click on [ID:nBKK315118]

- 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=33.56 Baht)
(Reporting by Arada Therdthammakun; Editing by xxx)