Formosa Plastics stock: Masterlink upgrades Formosa Plastics stock to Buy with TWD 65.00 target
Published on 10/20/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSMasterlink rating and target
- Masterlink upgraded Formosa Plastics to Buy at a TWD 65.00 target on October 13, 2026.
- Third-quarter revenue was TWD 44.30 billion, down 6.20 percent from the prior quarter.
- Formosa Plastics last stood at TWD 74.90 on October 20, 2026, down 4.22 percent from TWD 78.20.
Masterlink Securities upgraded Formosa Plastics from Hold to Buy and set a TWD 65.00 price target on October 13, 2026, according to MarketScreener. The target sits 13.21 percent below the latest TWD 74.90 price. At 1:30 p.m. TST on October 20, 2026, the last quoted price stood at TWD 74.90 on the Taiwan Stock Exchange, down 4.22 percent from TWD 78.20.
Third-quarter earnings turn lower
Formosa Plastics reported third-quarter revenue of TWD 44.30 billion on October 12, 2026, down 6.20 percent from the second quarter. The company's after-tax profit was TWD 5.70 billion, down TWD 4.90 billion quarter over quarter, according to FinancialFilings.
The operating result moved to a TWD 4.20 billion loss from a TWD 2.80 billion profit in the prior quarter. Equity-method investment income of TWD 7.43 billion and a TWD 1.33 billion gain from a US restructuring helped keep the quarter profitable at the net level.
Stock sits 16.22 percent below high
At TWD 74.90 on October 20, 2026, Formosa Plastics was 16.22 percent below its TWD 89.40 52-week high and 105.21 percent above its TWD 36.50 low. Trading volume reached 59,760,836 shares during the session. The share price therefore remains nearer the top of its yearly band than its lower boundary, despite the daily decline.
Valuation and peer comparison
The stock carried a price-to-earnings ratio of 45.67 and a market capitalization of TWD 476.8 billion as of October 20, 2026. Masterlink's TWD 65.00 target is 13.21 percent below the current price, making the October 13 rating change a more cautious valuation reference than the Buy label alone suggests.
Comparison with peers
Formosa Plastics: down 4.22 percent, price-to-earnings ratio 45.67, market capitalization TWD 476.8 billion.
Nan Ya Plastics (Taiwan Stock Exchange, TWD): down 2.47 percent, price-to-earnings ratio 47.74, market capitalization TWD 2,347.5 billion.
Formosa Chemicals & Fibre (Taiwan Stock Exchange, TWD): down 2.25 percent, price-to-earnings ratio 31.28, market capitalization TWD 431.7 billion.
What the target means for the stock
Formosa Plastics is a Taiwan-based commodity chemicals producer whose portfolio includes PVC, polyolefins, polypropylene and electronic materials, according to MarketScreener. The current price is TWD 9.90 above the Masterlink target, while third-quarter operating profit fell from a TWD 2.80 billion gain to a TWD 4.20 billion loss.
Formosa Plastics last stood at TWD 74.90 on the Taiwan Stock Exchange on October 20, 2026 at 1:30 p.m. TST, down 4.22 percent from the previous session's TWD 78.20.
Formosa Plastics market facts
- Company: Formosa Plastics Corporation
- ISIN: TW0001301000
- Ticker: 1301.TW
- Primary exchange: Taiwan Stock Exchange
- Price on Taiwan Stock Exchange as of October 20, 2026, 1:30 p.m. TST: TWD 74.90
- Change versus previous session price: minus 4.22 percent
- Previous session price: TWD 78.20
- Market capitalization: TWD 476.8 billion (as of October 20, 2026)
- 52-week range: TWD 36.50-89.40 (as of October 20, 2026)
- Sector: Commodity chemicals
Market context: Market report TAIEX.
