Evergreen Fibreboard Berhad : Related-party Acquisition of 41.8% Interest in Dawa Timber Industries For RM6.27m - 28/09/2010

Related-party acquisition. Evergreen has announced an acquisition of an additional 41.8% equity interest in Dawa Timber Industries (M) S/B (DTI) for RM6.27m from Evergreen Timber Products Pte Ltd (ETP). DTI is already a 44.67%-owned associate of Evergreen, while ETP is majority-owned by the Kuo family. DTI’s principal activity is manufacturing of fancy plywood.

Evergreen Fibreboard Berhad : Related-party Acquisition of 41.8% Interest in Dawa Timber Industries For RM6...

RHB Equity 360° - 17 September 2010 (Evergreen, Power, HSL, Petra Perdana; Technical: IOI)

Top Story : Evergreen – Promising outlook, attractive dividend yield Outperform
Visit Note
- In 2Q10, Evergreen achieved a capacity utilisation rate (inclusive of Indonesia capacity) of 82%, up from 1Q10’s 77%. Raw material costs were also lower, and this was mainly due to the qoq fall in rubberwood and glue prices by 5.9% and 2.7% respectively. Management expects rubberwood log and glue prices to increase slightly in 2H10.

RHB Equity 360° - 17 September 2010 (Evergreen, Power, HSL, Petra Perdana; Technical: IOI)

Evergreen Fibreboard Berhad : Promising Outlook, Attractive Dividend Yield - 17/09/2010

Utilisation rate and raw material costs. In 2Q10, Evergreen achieved a capacity utilisation rate (inclusive of Indonesia capacity) of 82%, up from 1Q10’s 77%. Raw material costs were also lower, and this was mainly due to the qoq fall in rubberwood and glue prices by 5.9% and 2.7% respectively. Management expects rubberwood log and glue prices to increase slightly in 2H10.

Evergreen Fibreboard Berhad : Promising Outlook, Attractive Dividend Yield - 17/09/2010

Corporate Highlights...-17/08/2010

Shifting Trends
♦ Market Update : Going With The Flow

♦ Motor
Sector Update : TIV Growth Maintained

♦ Ta Ann Holdings
News Update : Enters Into JVs to Develop More Plantation Land

♦ Evergreen Fibreboard
Results Note : Stellar Results Due To Higher ASP And Improved Efficiency

♦ M’sian Airline System
Results Note : Still In The Red In 2QFY12/10

♦ Integrated Logistics
Results Note : Back In The Black In 1HFY12/10

Corporate Highlights...-17/08/2010

Corporate Highlights - 2/6/2010

♦ Evergreen Fibreboard
Visit Note : Higher Dividend Payout, Outlook Remains Favourable

♦ Semiconductor
Sector Update : Chip Sales Up 50.4% Yoy And 2.2% Mom

♦ AFG
Briefing Note : Setting the tone ahead

♦ SapuraCrest
News Update : Tapping the IPF market in Middle East

Corporate Highlights - 2/6/2010

Evergreen Fibreboard Berhad : Higher Dividend Payout, Outlook Remains Favourable - 2/6/2010

Qoq, results to be stronger. Evergreen expects 2Q10 results to be stronger by c.5% qoq, due mainly to higher sales volume coupled with higher average selling prices. Current capacity utilisation rate is above the 80% level while average selling prices have since strengthened by 3% in 2Q10 vs. 1Q10. Total cost of production has dropped by 2.5% in 2Q10.

Evergreen Fibreboard Berhad : Higher Dividend Payout, Outlook Remains Favourable - 2/6/2010