Formosa Plastics stock: Masterlink upgrades Formosa Plastics stock to Buy at TWD 65.00

Published on 10/21/2026 at 18:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue fell 6.20 percent. Formosa Plastics stock costs TWD 77.00 on October 21, 2026, up 2.80 percent versus October 20 close.

Masterlink target and earnings date

Masterlink Securities upgraded Formosa Plastics to Buy with a TWD 65.00 target on October 13, 2026.
Third-quarter revenue fell 6.20 percent to TWD 44.30 billion in 2026.
Formosa Plastics stock was last at TWD 77.00 on October 21, 2026, up 2.80 percent versus the October 20 close.
The next earnings date is November 18, 2026.

Formosa Plastics, TW0001301000, Illustration mit AI erstellt.

Formosa Plastics (ISIN TW0001301000) received a Buy upgrade from Masterlink Securities with a TWD 65.00 target on October 13, 2026, as reported by MarketScreener. The target is 15.58 percent below the TWD 77.00 last price. Formosa Plastics was last at TWD 77.00 on October 21, 2026 at 1:30 p.m. CST, up 2.80 percent versus the Taiwan close of October 20, 2026 at TWD 74.90.

Third-quarter revenue contracted

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 also recorded a third-quarter operating loss of TWD 4.20 billion, compared with operating income of TWD 2.80 billion in the second quarter, according to FinancialFilings.

Stock remains inside its yearly range

The Taiwan-listed stock traded between TWD 75.50 and TWD 78.20 on October 21, 2026, while its 52-week range stood at TWD 36.50 to TWD 89.40. Trading volume reached 46,593,443 shares, and the market capitalization was TWD 490.2 billion. The price-to-earnings ratio was 46.95, and the trailing dividend yield was 0.01 percent.

Credit improves as chemicals stay cyclical

On October 19, 2026, S&P Global Ratings raised the long-term issue ratings of four Formosa group companies to BBB+ from BBB and kept a stable outlook. The agency projected group revenue of TWD 1,228.00 billion for 2026 and forecast debt to EBITDA below 0.50 times over the next one to two years. Commodity chemical oversupply remains a stated risk, while electronic materials could account for 40.00 percent to 50.00 percent of group EBITDA in 2027 and 2028.

Comparison with peers

Formosa Plastics: up 2.80 percent, price-to-earnings ratio 46.95, market capitalization TWD 490.2 billion.

China Steel: unchanged, dividend yield 0.01 percent, market capitalization TWD 298.7 billion.

Formosa Petrochemical: up 2.82 percent, price-to-earnings ratio 19.01, market capitalization TWD 1.0 trillion.

Next reporting date

The next earnings report is scheduled for November 18, 2026, according to InvestPane. The TWD 65.00 Masterlink target remains below the latest Taiwan quotation, while the third-quarter loss underlines the sensitivity of commodity margins to feedstock and selling prices.

Trading level and investor context

Formosa Plastics was last at TWD 77.00 on October 21, 2026 at 1:30 p.m. CST, up 2.80 percent versus the Taiwan close of October 20, 2026 at TWD 74.90. The stock was 13.87 percent below its 52-week high of TWD 89.40.