SE Asia Stocks-Subdued on China crackdown fears; Vietnam near decade high

(Corrects pct move in table for Thai index to -0.01 pct from

-0.07 pct)

By Aaron Saldanha

Nov 27 (Reuters) - Most Southeast Asian stock markets ended

lower on Monday amid concerns of a regulatory crackdown in

China, while Vietnam shares closed near a decade high led by

real estate and utility stocks.

Chinese shares fell as sentiment took a hit from rising bond

yields after Beijing stepped up a crackdown on shadow banking

and other riskier forms of financing, with higher borrowing

costs threatening to squeeze corporate profits.

MSCI's broadest index of Asia-Pacific shares outside Japan

rose early in the session tracking Wall Street

gains on Friday, but was last down 0.9 percent, slipping further

from a 10-year peak scaled on Thursday.

Meanwhile, Shanghai shares fell 0.9 percent to a

three-month low.

Vietnam shares recorded their highest close since

Dec. 2007, helped by gains in Vingroup JSC, up 2

percent, and Petrovietnam Gas Joint Stock Corp, up 1.1

percent.

The Philippine index recovered part losses to end

marginally lower as gains in real estate and energy stocks were

outweighed by losses in the consumer discretionary and staples.

"It is more of a continuation of last week's profit-taking,"

said Fio Dejesus, an equity research analyst at RCBC Securities

in Manila.

Heavyweights SM Investments Corp and Ayala Land Inc

ended 1.4 percent and 1.1 percent lower, respectively,

as investors cashed in after last week's gains.

SM Investments climbed 1.9 percent last week while Ayala

Land gained 4.1 percent.

"Most of our covered stocks are already priced in, with the

exception of consumer stocks which still have quite a bit of

upside in our view," added RCBC's Dejesus.

Singapore's benchmark index fell 0.2 percent on

Monday as lenders DBS Group Holdings and United

Overseas Bank Ltd, each lost about 0.7 percent.

On the other hand, Malaysian shares added 0.2

percent, helped by gains in telecom and utilities stocks.

Electric utility Tenaga Nasional, up 1.2 percent, was

the biggest contributor to index gains.

Indonesia's index of its 45 most liquid stocks

recovered from an early decline to end the day 0.1 percent

higher.

A government divestment roadshow in Singapore for brewer

Sabeco piqued investor interest though the stock fell 5

percent ahead of the government revealing plans to divest its 90

percent stake.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS: CHANGE ON DAY

Change on the day

Market Current previous close Pct Move

Singapore 3436.36 3442.15 -0.17

Bangkok 1695.67 1695.84 -0.01

Manila 8361.69 8365.11 -0.04

Jakarta 6064.589 6067.142 -0.04

Kuala Lumpur 1719.86 1717.23 0.15

Ho Chi Minh 938.61 935.57 0.32

Change so far this year

Market Current End 2016 Pct Move

Singapore 3436.36 2880.76 19.29

Bangkok 1694.63 1542.94 9.83

Manila 8361.69 6840.64 22.24

Jakarta 6064.589 5296.711 14.50

Kuala Lumpur 1719.86 1641.73 4.76

Ho Chi Minh 938.61 664.87 41.17

(Reporting by Aaron Saldanha in Bengaluru; Editing by Vyas

Mohan)