Formosa Petro stock gains 3.27 percent as petrochemicals attract funds

Published on 10/08/2026 at 09:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Formosa Petro stock traded at TWD 110.50 on October 8, 2026, while Q2 revenue reached TWD 182.98 billion. Net income came to TWD 20.78 billion.

Formosa Petro, TW0006505001, Illustration mit AI erstellt.

Formosa Petro stock (ISIN TW0006505001) was trading at TWD 110.50 on the Taiwan Stock Exchange on October 8, 2026 at 1:30 p.m. TST, up TWD 3.50 or 3.27 percent from the prior close. The move came as petrochemical stocks attracted funds across Taiwan, according to Taiwan News on October 8, 2026.

Stock reaches a one year high

The latest quote places Formosa Petro 3.07 percent below its 52-week high of TWD 114.00 and 176.03 percent above its 52-week low of TWD 40.05. The session range was TWD 105.50 to TWD 114.00, with volume at 41,277,546 shares.

Market capitalization stood at TWD 1,052.6 billion on October 8, 2026. That valuation puts the company among Taiwan's largest energy and refining names, but the share price remains highly sensitive to refining spreads, crude prices and petrochemical demand.

Q2 earnings set the operating base

Formosa Petrochemical reported Q2 2026 revenue of TWD 182.98 billion and earnings per share of TWD 2.18, according to TradingView. Net income for the quarter was TWD 20.78 billion, compared with TWD 20.41 billion in the preceding quarter, a TWD 0.37 billion increase.

The Q2 result matters because the earnings base is already large relative to the company's recent share-price valuation. The same TradingView page lists TWD 2.36 as the next-quarter earnings estimate and identifies October 29, 2026 as the next earnings date, giving investors a defined checkpoint for refining margins and product demand.

Analyst targets trail the market quote

Consensus data published by MarketScreener show five analysts with an Outperform mean view and an average target of TWD 77.20. The target is 30.1 percent below the October 8 quote, with targets ranging from TWD 40.00 to TWD 100.00.

That gap makes the next earnings update important for the stock's valuation debate. Current market capitalization, Q2 profitability and the TWD 114.00 yearly high frame the central question as operating earnings rather than revenue growth alone.

Formosa Petro stock holds above TWD 100

Formosa Petro stock was last at TWD 110.50 on the Taiwan Stock Exchange on October 8, 2026 at 1:30 p.m. TST. The company operates in oil refining, fuel distribution and petrochemical products, with the next earnings date set for October 29, 2026.