Thai stocks -- energy, banks, Shin Corp eyed

BANGKOK, June 17 (Reuters) - Thai stocks are expected to
edge lower on Tuesday, weighed down by selling of energy shares
.SETEN after world oil prices declined, analysts said.

But bank stocks .SETB should gain after the Bank of
Thailand sent its strongest signal yet that it was ready to
raise rates to fight inflation. [ID:nBKK64306]

"Due to the up-trend in interest rates, there should be
continued speculation on bank stocks but big-cap oil firms
should still be dumped after a drop in oil prices," Asia Plus
Securities analyst Puwadol Lapudomsuk said.

The main index .SETI is likely to move in a range of
780-795 points, he added.

On Monday, the benchmark SET index rebounded 0.63 percent
to 787.59 points, after falling to near a five-month low last
week, as investors bought back bank shares .SETB.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0100 GMT
------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1360.14 0.01% 0.110
USD/JPY JPY= 108.21 0.01% 0.010
10-YR US TSY YLD US10YT=RR 4.2527 -- -0.026
SPOT GOLD XAU= 881.15 -0.02% -0.150
US CRUDE CLc1 133.8 -0.60% -0.810
DOW JONES .DJI 12269.08 -0.31% -38.27
ASIA ADRS .BKAS 158.84 0.89% 1.40
-------------------------------------------------------------
MARKET SUMMARY > Oil dips after record, Saudi poised to boost
output [O/R] > Optimism about tech spending lifts Nasdaq, Dow
dips [.N] > Dollar falls on NY factory survey, euro zone
inflation[USD/] > Bonds flat as investors mull last week's
sell-off [US/] > Gold ends higher on weak dollar, commods
rally [GOL/] > TAKE A LOOK - Fuel prices spark protests

[nL28759952]

STOCKS AND FACTORS TO WATCH

- Shin Corp SHIN.BK

Singapore's Temasek Holdings [TEM.UL] is moving ahead with
a plan to dilute its holdings in the telecoms group to 49
percent, but a timeframe has not been decided, Shin said.
[ID:nBKK204398]

- The securities analysts association has cut its 2008
target for the SET index to 927 points from a previous forecast
of 958 points, citing domestic political tension.

- A major truckers group postponed a planned blockade of
the capital this week after the government promised to help the
transport sector with rising fuel prices, its leader said.
[ID:nSP217358]

- For the Thai press digest click on [ID:nBKK83884]

- 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=33.27 Baht)
(Reporting by Arada Therdthammakun; Editing by Ed Cropley)