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Shares in the country's national carrier Thai Airways
International Pcl fell 1.7 percent to their lowest in
nearly four months on worries that increasing regional
competition may subdue any restored profitability.
KGI Securities (Thailand) cut its price target on Thai Oil
Pcl to 73 baht ($2.33) from 85 baht ($2.71), partly
reflecting the impact of weak oil market on earnings of the
country's biggest refiner.
Singapore shares were flat at midday, with analysts advising
investors to buy stocks that offer high yields and stable cash
flows to ride the volatile markets amid euro zone jitters.