Indorama Ventures stock gets a Buy call with a THB 28 target
Published on 10/08/2026 at 09:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Indorama Ventures stock received a fresh Buy view as Krungsri Securities maintained a 2027 target of THB 28 on October 7, 2026. The shares were trading at THB 28 on the SET at 2:04 p.m. ICT on October 8, 2026, down 0.88 percent from the prior close.
Krungsri sees a profit recovery
According to Kaohoon International on October 7, 2026, Krungsri selected Indorama Ventures as a top stock pick for the fourth quarter of 2026 and kept its Buy recommendation.
The brokerage linked its view to improving PET industry conditions, restructuring of high-cost plants and tighter capacity additions. It also set a 2027 target price of THB 28, matching the current SET quote and leaving the call dependent on operating improvement rather than a higher valuation target.
Q2 earnings changed the picture
Simply Wall St reported that Q2 2026 revenue reached THB 136,652.597 million, compared with THB 118,745.174 million in Q2 2025. The increase was THB 17,907.423 million, while adjusted net income rose to THB 5,733.261 million from a loss of THB 749.135 million.
The same Q2 comparison put net margin at 4.2 percent, up from 0.6 percent a year earlier. That improvement gives the Krungsri thesis a measurable operating base, although PET overcapacity, plastic regulation and volatile input costs remain material counterweights.
Stock stays below its yearly high
At THB 28 on October 8, 2026, Indorama Ventures was THB 2.50 below its 52-week high of THB 30.50 and THB 13.40 above its 52-week low of THB 14.60. The intraday range was THB 27.50 to THB 28.25, with volume of 9,750,403 shares.
The market capitalization was THB 157.2 billion on October 8, 2026. The current quote therefore sits 8.2 percent below the 52-week high, while the fresh analyst target is equal to the live SET price rather than implying additional upside.
Next company date is November 18
Indorama Ventures has scheduled its SET earnings call for November 18, 2026, covering the third quarter of 2026, according to the company's Investor Relations calendar. That date is the next formal checkpoint for testing whether the Q2 margin recovery is continuing.
Indorama Ventures stock at THB 28
Indorama Ventures stock was trading at THB 28 on the SET at 2:04 p.m. ICT on October 8, 2026, with a 52-week range of THB 14.60 to THB 30.50 and a market capitalization of THB 157.2 billion.
Indorama Ventures stock facts
- Company: Indorama Ventures Public Company Limited
- ISIN: TH1027010012
- Ticker: IVL
- Trading venue: SET
- Price (as of October 8, 2026, 2:04 p.m. ICT): THB 28
- Market capitalization: THB 157.2 billion (as of October 8, 2026)
- 52-week range: THB 14.60-30.50 (as of October 8, 2026)
- Sector / Industry: Basic Materials / Chemicals
Upcoming dates for Indorama Ventures stock
- November 18, 2026: SET earnings call for Q3 2026
