Formosa Plastics stock gains 7.82 percent as petrochemicals rally

Published on 10/08/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Formosa Plastics stock gained 7.82 percent on October 8, 2026, as Taiwan petrochemical shares attracted funds. Q2 revenue reached TWD 47.2 billion, up 4.1 percent year over year.

Formosa Plastics, TW0001301000, Illustration mit AI erstellt.

Formosa Plastics stock (ISIN TW0001301000) was last at TWD 81.30 on the Taiwan Stock Exchange on October 8, 2026, at 1:30 p.m. CST, up 7.82 percent from the prior close. Taiwan News reported on October 8 that petrochemical stocks attracted funds and Formosa Plastics reached the daily limit-up.

Petrochemicals lead the move

The price action came as Taiwan's broader market edged lower, with technology stocks weighing on the benchmark. Formosa Plastics moved in the opposite direction as investors rotated toward industries benefiting from higher prices and favorable supply-demand conditions.

The company remains exposed to a broad chemicals portfolio, including plastic raw materials, chemical fibers and petrochemical products. That mix makes product pricing and operating spreads central to the stock's earnings outlook.

Q2 revenue rose 4.1 percent

According to Quartr in its Q2 2026 earnings summary dated September 21, 2026, revenue reached TWD 47.2 billion, up 4.1 percent from Q2 2025 and 12.5 percent from Q1 2026. The improvement was linked to higher average selling prices across most products.

The same Q2 2026 summary said pre-tax income rebounded to TWD 10.86 billion from a TWD 2.88 billion loss in Q1 2026. For investors, the sequential recovery matters because the first-quarter result had reflected a much weaker operating backdrop.

Stock reaches its 52-week high

At TWD 81.30, the stock stood TWD 1.10 below its 52-week high of TWD 82.40 and TWD 44.80 above its 52-week low of TWD 36.50, both as of October 8, 2026. The market capitalization was TWD 517.5 billion, while trading volume reached 245,059,431 shares.

Analyst expectations remain mixed despite the rally. Investing.com lists a Buy consensus based on five analysts, with four Buy ratings, one Sell rating and no Hold ratings. The average 12-month target is TWD 63.80, while the published high and low targets are TWD 80 and TWD 32.

Price and investor perspective

Formosa Plastics was last at TWD 81.30 on the Taiwan Stock Exchange on October 8, 2026, at 1:30 p.m. CST. The decisive question after the daily limit-up is whether stronger product pricing can convert the Q2 revenue recovery into sustained operating improvement.