Formosa Petro stock: Yuanta sets TWD 160 target for Formosa Petro stock

Published on 10/23/2026 at 06:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Yuanta set a TWD 160 target on October 19, 2026. Formosa Petro stock was TWD 106.50 on October 22, 2026, with Q2 revenue at TWD 182.98 billion.

Targets and operating scale

Yuanta set a TWD 160 target for Formosa Petrochemical on October 19, 2026.
Maintenance plans call for 430,000 barrels per day in October and 320,000 barrels per day in November.
Formosa Petrochemical had a TWD 1.0 trillion market capitalization as of October 22, 2026.

Formosa Petro, TW0006505001, Illustration mit AI erstellt.

Formosa Petro (ISIN TW0006505001) was assigned a TWD 160 price target by Yuanta on October 19, 2026, according to MarketScreener. The target stood 50.23 percent above the TWD 106.50 Taiwan Stock Exchange price dated October 22, 2026.

Why the target matters

Yuanta's TWD 160 target gives the refinery operator a defined valuation marker after a sharp year-to-date gain in the Taiwan listing. MarketScreener's October 19 report also showed six analysts in its consensus and an average target of TWD 114.00, putting Yuanta's view TWD 46.00 above that average.

The operating backdrop is mixed. Formosa Petrochemical generated TWD 182.98 billion of revenue and TWD 20.78 billion of net income in the second quarter of 2026, according to TradingView. Revenue increased 12.96 percent from the first quarter, while net income rose from TWD 20.41 billion to TWD 20.78 billion.

What does maintenance mean?

Refinery availability is the near-term operating variable. MarketScreener reported on October 16, 2026 that Formosa Petrochemical planned to process 430,000 barrels of crude per day in October and 320,000 barrels per day in November during maintenance. Those figures place the November plan 25.58 percent below the October plan.

Three dated operating signals

The recent sequence links stronger sales with planned downtime. On August 6, 2026, second-quarter revenue reached TWD 182.98 billion; on October 12, 2026, September revenue was reported up 65.60 percent year over year by MarketScreener; and on October 19, 2026, Yuanta set the TWD 160 target.

Stock context

Formosa Petrochemical had a TWD 1.0 trillion market capitalization as of October 22, 2026. Its 52-week Taiwan Stock Exchange range was TWD 43.35 to TWD 129.00, leaving the dated TWD 106.50 price 17.44 percent below the high.