Earnings Alerts

Formosa Petrochemical (6505) Earnings: June Sales Surge 4.79% to NT$56.39 Billion

  • Strong Sales Performance: In June 2024, Formosa Petro reported sales of NT$56.39 billion.
  • Growth in Sales: Sales increased by 4.79% compared to the previous period.
  • Analyst Recommendations: Current stock ratings include 3 buy recommendations, 9 hold recommendations, and 1 sell recommendation.

A look at Formosa Petrochemical Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience4
Momentum2
OVERALL SMART SCORE3.2

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’s long-term outlook appears optimistic based on the Smartkarma Smart Scores. With high scores in value and resilience, the company is positioned well for potential growth and stability in the market. The favorable rating in dividends implies a consistent payout to shareholders, adding to its attractiveness as an investment option.

However, Formosa Petrochemical‘s lower momentum score may indicate a slower pace of price appreciation compared to its peers. Despite this, the company’s solid foundation in refining crude oil and marketing petroleum products, along with its diversified operations including utilities and electricity generation, paints a picture of a robust and reliable player in the industry.


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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