Formosa Petro stock: Yuanta sets TWD 160 target for Formosa Petro stock

Published on 10/20/2026 at 18:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 25.72 percent year on year. Formosa Petro stock costs TWD 106.50 on October 20, 2026 at 1:30 p.m. TST, down 8.19 percent on Taiwan's exchange.

Target and operating figures

Yuanta set a TWD 160.00 target for Formosa Petrochemical on October 19, 2026.
Second-quarter 2026 revenue reached TWD 182.98 billion, up 25.72 percent year on year.
Formosa Petro stock stood at TWD 106.50 on October 20, 2026 at 1:30 p.m. TST, down 8.19 percent from TWD 116.00.
The next earnings report is scheduled for October 29, 2026.

Formosa Petro, TW0006505001, Illustration mit AI erstellt.

Formosa Petro stock has a fresh TWD 160.00 target from Yuanta, while the Taiwan-listed shares stood at TWD 106.50 on October 20, 2026 at 1:30 p.m. TST, down 8.19 percent from the prior close of TWD 116.00. MarketScreener reported the target change on October 19, 2026.

Yuanta target sets the tone

The TWD 160.00 target implies 50.23 percent upside from TWD 106.50. The target is the clearest current valuation signal for investors because it is dated and comes from a named research firm, while the stock's latest move was negative.

Revenue reached TWD 182.98 billion

Formosa Petrochemical reported operating revenue of TWD 182.98 billion for the second quarter of 2026, compared with TWD 145.55 billion a year earlier, an increase of 25.72 percent. Net income attributable to shareholders reached TWD 20.78 billion, versus a loss of TWD 7.50 billion in the second quarter of 2025. The company's financial statements were released for the six months ended June 30, 2026. Formosa Petrochemical reported the figures in its interim financial statements.

Stock sits 17.44 percent below its high

The October 20 trading range was TWD 106.50 to TWD 117.00, with volume of 52,844,382 shares. The 52-week range was TWD 43.20 to TWD 129.00, leaving the stock 17.44 percent below its high. Market capitalization stood at TWD 1.0 trillion on October 20, 2026.

October 29 is the next date

The next earnings report is scheduled for October 29, 2026, according to TradingView. That date will give investors a fresh test of whether the strong second-quarter comparison can continue into the second half.

Price remains below the yearly high

Formosa Petrochemical is listed on the Taiwan Stock Exchange under ticker 6505. The stock's TWD 106.50 close on October 20, 2026 was below both the TWD 116.00 prior close and the TWD 129.00 52-week high.