Indovinya launches challenge: Krungsri sets THB 28.00 target for Indorama Ventures stock

Published on 10/13/2026 at 01:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached THB 136.7 billion, up 15.00 percent year over year. Krungsri put a THB 28.00 target on Indorama Ventures stock on October 7, 2026.

Key points in brief

Indovinya launched a two-track innovation challenge with applications open until October 26, 2026.
Krungsri kept a Buy view and a THB 28.00 target dated October 7, 2026.
Second-quarter 2026 revenue reached THB 136.7 billion, up 15.00 percent year over year.
The latest euro quote was EUR 0.74 at Lang & Schwarz on October 12, 2026.

Indorama, TH1027010012, Illustration mit AI erstellt.

Indorama Ventures (ISIN TH1027010012) said its Indovinya unit launched a two-track innovation challenge on October 11, 2026, with applications open until October 26. According to Simply Wall St, the program covers green chemistry and predictive models for fragrance solubilization. Krungsri also maintained a Buy view and a THB 28.00 target for Indorama Ventures stock on October 7, 2026, according to Kaohoon International.

Three dated operating signals

On August 11, 2026, Indorama Ventures reported second-quarter revenue of THB 136.7 billion, up 15.00 percent from the second quarter of 2025, while net income reached THB 5.96 billion. Simply Wall St said revenue exceeded analyst estimates by 5.00 percent, while earnings per share missed estimates by 19.00 percent.

On October 7, 2026, Krungsri forecast core profit of THB 6.232 billion for 2026, rising to THB 8.436 billion in 2027 and THB 9.841 billion in 2028. The brokerage linked its recovery case to PET industry restructuring, tighter capacity additions and improved pricing flexibility in Indovinya and Fibers.

On October 11, 2026, Indovinya opened the challenge with two complementary fronts: naturally derived surfactants and predictive models. The applications deadline gives the initiative a concrete near-term milestone while the THB 28.00 target keeps profitability recovery at the center of the market narrative.

What comes next for Indorama Ventures?

Applications for the innovation challenge close on October 26, 2026. The next earnings date is November 13, 2026, according to Simply Wall St.

For investors, the key test is whether the second-quarter rebound can become a recurring margin improvement rather than a single period of recovery. The company operates in chemicals, polymers and fibers, with a market capitalization of THB 154.4 billion and a 52-week range of THB 14.60 to THB 30.50 as of October 12, 2026.

Euro quote remains dated

The latest euro quote was EUR 0.74 at Lang & Schwarz on October 12, 2026 at 10:58 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Indorama Ventures stock.