SE Asia Stocks - Thai index near 1-year high; Indonesia up ahead of election

BANGKOK, July 4 (Reuters) - Thailand's key stock market

index posted a seventh straight gain to a near one-year high on

Friday as the prospects of loan demand growth lifted banking

stocks, while foreign buying of selected large caps in Indonesia

took the benchmark there to a more than three-week high.

Bangkok's SET index rose 0.2 percent, finishing the

week 0.9 percent higher. Shares of Siam Commercial Bank

climbed 2 percent to a 1-month high amid positive broker

ratings.

Nineteen of 27 analysts rate the stock a 'buy' or 'strong

buy', seven put 'hold' and one has a 'sell' rating, Thomson

Reuters data showed.

"Management signalled that SCB is ready to shift its game

plan from defence to offence ... SCB remains one of our sector

favourites, with its likely-solid second quarter earnings as a

potential near-term re-rating catalyst," broker CIMB said in a

report.

Jakarta's composite index ended up 0.4 percent, with

a weekly gain of 1.3 percent, its first in four weeks. Stock

exchange data showed net foreign buying in shares of Telkom

Indonesia and Bank Rakyat Indonesia.

Indonesia's presidential election is due on Wednesday.

Other stock markets in Southeast Asia also notched up gains

on the week. Vietnam and the Philippines were each up

about 1.8 percent, while Singapore and Malaysia

ended slightly higher.

For Asian Companies click;

For South East Asia Hot Stock reports, click;

SOUTHEAST ASIAN STOCK MARKETS

Change on day

Market Current Prev Close Pct Move

TR SE Asia Index* 432.40 430.64 +0.41

Singapore 3272.25 3273.15 -0.03

Kuala Lumpur 1884.91 1888.69 -0.20

Bangkok 1495.83 1493.21 +0.18

Jakarta 4905.83 4888.74 +0.35

Manila 6962.28 6899.31 +0.91

Ho Chi Minh 589.35 585.02 +0.74

Change on year

Market Current End 2013 Pct Move

TR SE Asia Index* 432.40 388.37 +11.34

Singapore 3272.25 3167.43 +3.31

Kuala Lumpur 1884.91 1866.96 +0.96

Bangkok 1495.83 1298.71 +15.18

Jakarta 4905.83 4274.18 +14.78

Manila 6962.28 5889.83 +18.21

Ho Chi Minh 589.35 504.63 +16.79

* The Thomson Reuters South East Asia Index is a

highly representative indicator of stocks listed in Indonesia,

Malaysia, the Philippines, Singapore, Thailand and Vietnam.

(Reporting by Kaweewit Kaewjinda and Viparat Jantraprap;

Editing by Michael Urquhart)