SE Asia Stocks-Indonesia ends lower on GDP concerns; Philippines, Singapore gain

* Indonesia cenbank expects Q3 GDP growth slightly below 5.1

pct

* Thailand Sept factory output likely declined - Reuters

poll

By Shanima A

Oct 29 (Reuters) - Indonesian shares erased early

gains to close lower on Monday as investors adopted a cautious

stance ahead of the growth data next week, while Singapore and

Philippine markets rebounded as cheaper valuations stoked

bargain buying.

Indonesia's central bank kept its benchmark interest rate

unchanged, taking a pause after 150 basis points of rate hikes

since May, and warned that third-quarter economic growth may not

be as strong as initially expected.

The losses in Indonesia, the region's largest economy, were

largely led by shares in telecom company XL Axiata Tbk PT

and lender Bank Tabungan Pensiunan Nasional Tbk

.

"Banks are very cyclical, so it goes in tandem with the

economy. With the outlook that the Indonesia's macro-economic

cycle is turning weak, that could actually cause the investors

to be a little bit more discouraged with the banking sector. It

has mostly to do with the outlook of the third-quarter GDP

growth," said Taye Shim, head of research, Mirae Asset

Sekuritas.

In the Philippine market, industrials and banking

sectors accounted for most gains. Shares of BDO Unibank Inc

and Bank of the Philippine Islands closed 2

percent and 1.2 percent firmer, respectively.

Singapore shares ended in the green, with

conglomerate Jardine Matheson Holdings Ltd adding 1.5

percent to the bourse.

"The broader picture is that the selling looks overdone,"

Liu Jinshu, director of research, NRA Capital said.

"I also heard of bargain hunters on the prowl since last

week. Basically, some counters have reached levels that buyers

are finding attractive," Liu added.

Thai shares recovered from previous session's losses

to end firmer ahead of September factory output data on Tuesday.

Petroleum and gas explorer PTT Pcl and airport

operator Airports of Thailand Pcl were among the

biggest gainers on the index, closing 1 percent and 2.1 percent

higher.

The country's annual headline inflation rate may have eased

slightly in October, but remained within the central bank's

target range for a seventh straight month, while September

factory output likely declined, a Reuters poll showed.

Vietnam shares slipped to close 1.3 percent weaker,

with refiner Petrovietnam Gas Joint Stock Corp ending

4.7 percent lower and Saigon Thuong Tin Commercial Joint Stock

Bank posting its third straight sessions of declines.

For Asian Companies click;

SOUTHEAST ASIAN STOCK MARKETS

Market Current Previous close Pct Move

Singapore 2981.54 2972.02 0.32

Bangkok 1636.88 1628.96 0.49

Manila 7109.03 7064.33 0.63

Jakarta 5754.607 5784.921 -0.52

Kuala Lumpur 1683.73 1683.06 0.04

Ho Chi Minh 888.82 900.82 -1.33

Change on year

Market Current End 2017 Pct Move

Singapore 2981.54 3402.92 -12.38

Bangkok 1636.88 1753.71 -6.66

Manila 7109.03 8558.42 -16.94

Jakarta 5754.607 6355.654 -9.46

Kuala Lumpur 1683.73 1796.81 -6.29

Ho Chi Minh 888.82 984.24 -9.69

(Reporting by Shanima A; Editing by Sherry Jacob-Phillips)