SE Asia Stocks-Mostly falter after Fed caution, Manila rises

* Big-cap selling weighs on S'pore after Fed holds rate

* KL ends flat, mining drags Jakarta down

* Thailand dips on banking, energy sell-off

BANGKOK, Nov 5 - Southeast Asian stock markets were mostly lower on Thursday after a cautious economic outlook from the U.S. Federal Reserve, with Singapore heavyweights CapitaLand and SingTel coming under selling pressure, but Manila ended firm.

Asian shares in general dipped and the dollar fell after the Fed pledged to keep rates near zero for an extended period and said the recovery in the world's biggest economy would be sluggish.

"Despite the Fed's view of an economic recovery, selling pressure kicked in during the last half-hour of trading," said Somchai Anektawepon, an analyst with Finansia Syrus Securities.

At 1019 GMT, Dow Jones futures were down 0.06 percent and the MSCI Asia Pacific index ex-Japan had dropped 0.7 percent. It has fallen 5.5 percent from multi-month highs since Oct. 20.

Singapore's index lost 0.7 percent after gaining about 1 percent a day earlier, with developer CapitaLand falling 3.4 percent.

SingTel fell about 1 percent after a "neutral" rating from Goldman Sachs, citing rising operational challenges.

Malaysian shares ended flat, weighed down by losses in plantation-based conglomerate PPB Group, down 2.5 percent, and energy services firm Ramunia, which plunged 5 percent.

But top palm planter Sime Darby and sixth-ranked lender Hong Leong Bank closed 0.8 and 1.1 percent higher on merger and acquisition talk.

In Manila, the index bucked the trend, closing up 1.3 percent, with Ayala Land Inc, the country's largest developer, up 4.9 percent at a near-one-week high and San Miguel up 2.3 percent at a three-week high after posting a 24 percent rise in third-quarter income.

Strong buying was also fuelled by the Philippine central bank's saying that near-term inflation remained manageable despite a spike in consumer prices in October.

Manila's central bank kept its policy rate at a record low for the third meeting in a row, as widely expected.

Among other gainers were First Philippine Holdings, up 6.4 percent at a 21-month high, as the Lopez business clan came close to a decision on the sale of its Manila Electric stake.

Elsewhere in the region, Vietnam shot up 3.4 percent, recovering from a 0.4 percent dip a day earlier. In Jakarta, profit-taking caused the market's 0.2 percent fall, with investors unloading mining stocks.

Top producer PT Adaro Energy was down 1.3 percent, PT Aneka Tambang was down 2.1 percent and PT ATPK Resources ended over 6 percent lower.

Shares in PT Bumi Resources fell about 4 percent, coming off an earlier sharp drop of 6 percent in the day, after China Investment Corp, the country's sovereign wealth fund, confirmed it had invested $1.9 billion in the firm via debt instruments.

Thailand's stock index slid 0.7 percent after a 2.7 percent rally a day earlier, with investors selling major banks and energy heavyweights.

Among underperformers, top energy firm PTT fell 0.9 percent and top refiner Thai Oil almost 3 percent. ($1=33.40 Baht)