DJ MARKET TALK: Evergreen +1.3%; 1Q Earnings Rose Sevenfold

0545 GMT [Dow Jones] Evergreen Fibreboard (5101.KU) +1.3% at MYR1.51 after reporting better-than-expected, sevenfold jump in 1Q earnings on-year due to improved sales volume, higher selling prices; cost savings from measures to boost plant efficiency also helped earnings, company says. RHB Research maintains Outperform on stock, with unchanged target price of MYR2.35; says one area of concern is impact of MYR appreciation, which is negative for Evergreen's export earnings, but any impact to be temporary given company's ability to pass on forex risks to customers via price adjustments. "Assuming a 1.5-month impact, we estimate this would reduce Evergreen's bottomline by 1% per annum," RHB says.