JPMorgan sets TWD 90.00 target for Formosa Plastics stock
Published on 10/16/2026 at 15:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and quarterly figures
- JPMorgan assigned a TWD 90.00 target on October 14, 2026, with the target 9.62 percent above the share price.
- Second-quarter revenue reached TWD 47.20 billion, while six-month net income reached TWD 13.92 billion in 2026.
- Formosa Plastics stock stood at TWD 82.10 on October 16, 2026 at 1:30 p.m. CST, up 0.49 percent versus the October 15 close.
- The price-to-earnings ratio was 50.06 on October 16, 2026.
JPMorgan assigned a TWD 90.00 target to Formosa Plastics on October 14, 2026, according to Investing.com. Against the TWD 82.10 share price, the target is 9.62 percent higher. Formosa Plastics stock was last at TWD 82.10 on October 16, 2026 at 1:30 p.m. CST, up 0.49 percent versus the October 15 close of TWD 81.70.
Second-quarter revenue improves
Formosa Plastics reported second-quarter revenue of TWD 47.20 billion, an increase of 4.10 percent from the year-earlier quarter. The result was driven by higher average selling prices across most products, according to Quartr.
Six-month net income reached TWD 13.92 billion in 2026, compared with a net loss of TWD 6.58 billion in the same period of 2025. Six-month revenue was TWD 89.24 billion, down from TWD 92.59 billion a year earlier. The combination points to a recovery in profitability alongside lower first-half sales.
Price position and valuation
The Taiwan-listed stock ranged from TWD 36.50 to TWD 89.40 over the past 52 weeks. At TWD 82.10, it stood 8.17 percent below the 52-week high. The October 16, 2026 price was up 0.49 percent on the session, while trading volume reached 100,931,806 shares against an average of 47,702,257.
Formosa Plastics had a market capitalization of TWD 522.6 billion and a price-to-earnings ratio of 50.06 on October 16, 2026. The dividend yield was 0.01 percent. JPMorgan's TWD 90.00 target dated October 14, 2026 provides the clearest current valuation reference, while the six-analyst average target was TWD 69.33 in the same consensus overview.
Comparison with peers
Formosa Plastics: plus 0.49 percent, P/E 50.06, market capitalization TWD 522.6 billion
Nan Ya Plastics (Taiwan Stock Exchange, TWD): minus 2.38 percent, P/E 49.52, market capitalization TWD 2.4 trillion
Formosa Chemicals & Fibre (Taiwan Stock Exchange, TWD): plus 2.21 percent, P/E 33.35, market capitalization TWD 460.3 billion
What the figures mean for the stock
The quarterly comparison is mixed: second-quarter revenue rose 4.10 percent year over year, but first-half revenue fell 3.62 percent to TWD 89.24 billion. Profitability improved sharply, with six-month net income moving from a TWD 6.58 billion loss to TWD 13.92 billion of net income.
Price and investor perspective
Formosa Plastics stock was last at TWD 82.10 on October 16, 2026 at 1:30 p.m. CST, up 0.49 percent versus the October 15 close of TWD 81.70. The price remained below its TWD 89.40 52-week high, while the TWD 90.00 JPMorgan target sat 9.62 percent above the market price.
Formosa Plastics stock facts
- Company: Formosa Plastics Corporation
- ISIN: TW0001301000
- Ticker: 1301
- Primary exchange: Taiwan Stock Exchange
- Price Taiwan Stock Exchange (as of October 16, 2026, 1:30 p.m. CST): TWD 82.10
- Change versus October 15 close: plus 0.49 percent
- Market capitalization: TWD 522.6 billion (as of October 16, 2026)
- 52-week range: TWD 36.50-89.40 (as of October 16, 2026)
- Sector / Industry: Materials / Chemicals
Market context: Market report TAIEX.
