Thai stocks seen rangebound due to political fears

BANGKOK, Nov 9 (Reuters) - Thai stocks are expected to move
narrowly on Monday, with domestic political worries likely to
weigh on sentiment, but selective buying of shares in firms
that have reported good results should lend support, analysts
said.

"The market should fluctuate in a narrow range. There are
no significant external factors. On the domestic front,
companies' earnings and political issues should be in focus,"
said Therdsak Taveetheeratham, an analyst with Asia Plus
Securities.

Political tensions have been stirred up again by Cambodia's
appointment of ousted former Thai Prime Minister Thaksin
Shinawatra as an economic adviser, potentially giving him a
base right next to Thailand from where he can direct his
supporters. [ID:nBKK461030] and [ID:nBKK413373]

Prime Minister Abhisit Vejjajiva said there were no plans
to seal the border with Cambodia despite the diplomatic row,
but Bangkok will seek to extradite Thaksin if he goes to
Cambodia. [ID:nT228579]

On Friday, the benchmark SET .SETI index rose 2.45
percent to 698.63, its highest closing level in a week, as
positive sentiment in overseas markets prompted buying of
big-cap energy shares and banks.

Click [TH/TRADING01] for cumulative trading value by
investor type. ----------------------MARKET SNAPSHOT @ 0055 GMT
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INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 1069.3 0.25% 2.670
USD/JPY JPY= 89.93 -0.06% -0.050
10-YR US TSY YLD US10YT=RR 3.5217 -- 0.021
SPOT GOLD XAU= 1098.6 0.21% 2.300
US CRUDE CLc1 78.21 1.01% 0.780
DOW JONES .DJI 10023.42 0.17% 17.46
ASIA ADRS 122.54 -0.10% -0.12
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MARKET SUMMARY > NYMEX-Oil rises as Hurricane Ida threatens oil
fields [O/R] > Wall St rises 3 pct for week on Friday's slim
gain [.N] > FOREX-Dollar under pressure, commodity
currencies jump[USD/] > TREASURIES-Most prices rise on weak
employment picture [US/] > PRECIOUS-Gold mostly flat, hovers
under $1,100 [GOL/]

STOCKS AND FACTORS TO WATCH

- Sino-Thai Engineering STEC.BK

Thailand's third-largest construction firm reported a
third-quarter net profit of 76 million baht, up 73 percent from
44 million baht a year earlier.

- Quality Houses QH.BK

The housing developer reported a net profit of 506 million
baht in the third quarter, up 2.6 percent from 493 million baht
a year earlier.

- Minor International MINT.BK

The operator of luxury hotels and global food franchises
reported a worse-than-expected 60 percent fall in third-quarter
net profit to 152 million baht, compared with 376 million baht
a year earlier. [ID:nBKK482185]

- For the Thai press digest click on [PRESS/TH]

- 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=33.34 Baht)
(Reporting by Arada Kultawanich; Editing by Alan Raybould)