JPMorgan sets TWD 90 target for Formosa Plastics stock

Published on 10/19/2026 at 10:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached TWD 47.25 billion, up 4.10 percent year over year. Formosa Plastics stock posted TWD 10.65 billion net income.

Target and earnings context

JPMorgan set a TWD 90.00 target for Formosa Plastics stock on October 14, 2026.
Second-quarter revenue reached TWD 47.25 billion, up 4.10 percent year over year.
Six-month net income reached TWD 13.92 billion through June 30, 2026.

Formosa Plastics, TW0001301000, Illustration mit AI erstellt.

Formosa Plastics stock has a new TWD 90.00 price target from JPMorgan, while the company is rebuilding earnings after a weak prior year. Investing.com lists the target dated October 14, 2026, alongside a six-analyst consensus covering Formosa Plastics.

JPMorgan target sets the tone

The TWD 90.00 target is above the TWD 78.20 quotation for Formosa Plastics on the Taiwan Stock Exchange at 1:30 p.m. TST on October 19, 2026. The implied difference is TWD 11.80 per share, or 15.09 percent above that dated quotation.

The target arrives after a sharp improvement in the latest reported quarter. JPMorgan's assessment therefore gives investors a concrete valuation marker, but it does not remove the earnings sensitivity of a petrochemical producer.

Three dated steps in the recovery

Formosa Plastics authorized its interim financial statements on August 12, 2026, with total assets of TWD 780.96 billion at June 30, 2026. FinancialFilings identifies the six-month reporting period ended June 30, 2026.

On September 21, 2026, second-quarter revenue reached TWD 47.25 billion, up 4.10 percent from TWD 45.39 billion a year earlier. Net income was TWD 10.65 billion, compared with a TWD 6.63 billion loss in the second quarter of 2025.

On October 14, 2026, JPMorgan set the TWD 90.00 target cited by Investing.com. The sequence shows a move from balance-sheet scale to quarterly profitability and then to a market valuation reference.

What does the target mean for earnings?

The second-quarter result provides the operating anchor. Revenue rose 4.10 percent year over year to TWD 47.25 billion, while operating income reached TWD 2.88 billion after a TWD 1.30 billion operating loss in the first quarter of 2026.

For the six months ended June 30, 2026, revenue was TWD 89.24 billion, down from TWD 92.59 billion a year earlier, but net income recovered to TWD 13.92 billion from a TWD 6.58 billion loss. The contrast points to a recovery that is visible in profit but remains uneven in sales.

Market value and trading context

Formosa Plastics had a market capitalization of TWD 497.8 billion on October 19, 2026. Its quoted TWD 78.20 level keeps the JPMorgan target as a measurable valuation reference rather than a guarantee of future performance.

Formosa Plastics was quoted at TWD 78.20 on the Taiwan Stock Exchange on October 19, 2026 at 1:30 p.m. TST. The company manufactures plastic raw materials, chemical fibers, and petrochemical products.