Earnings Alerts

Formosa Petrochemical (6505) Earnings: August Sales Report at NT$59.63 Billion, Down 13.4%

By September 6, 2024 No Comments
  • Formosa Petrochemical reported sales of NT$59.63 billion for August 2024.
  • Sales figures represent a decline of 13.4% compared to the previous period.
  • Current analyst recommendations include:
    • 2 Buy ratings
    • 9 Hold ratings
    • 2 Sell ratings

A look at Formosa Petrochemical Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Formosa Petrochemical Corp., a company known for refining crude oil and marketing petroleum and petrochemical products, has received a promising outlook based on the Smartkarma Smart Scores. With strong scores in Value, Dividend, Resilience, and a moderate score in Growth, the company is positioned well for long-term success in the industry. However, its Momentum score is comparatively lower, suggesting a potential lag in short-term performance.

The company’s diverse operations including refineries, naphtha cracking plants, and utility centers give it a solid foundation in the market. Investors eyeing stability and value may find Formosa Petrochemical an attractive choice with its above-average scores across key factors that indicate a robust overall outlook for the company’s future growth and profitability.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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