Formosa Plastic traded at 52.00 this Wednesday June 3rd, increasing 1.10 or 2.16 percent since the previous trading session. Looking back, over the last four weeks, Formosa Plastic gained 2.36 percent. Over the last 12 months, its price rose by 55.92 percent. Looking ahead, we forecast Formosa Plastic to be priced at 45.74 by the end of this quarter and at 40.96 in one year, according to Trading Economics global macro models projections and analysts expectations.
Formosa Plastics Corporation is a Taiwan-based company principally engaged in the manufacture and sales of chemical products. The Company operates through eight divisions. The Plastic division provides polyvinyl chloride (PVC) powders and liquid soda. The Polyolefin division provides high-density polyethylene (PE), polyvinyl acetate, low-density PE and linear low-density PE. The Polypropylene division provides polypropylene products. The Taililang division provides acrylic staple fibers, acrylic ester and carbon fibers. The Chemicals division provides acrylonitrile, methyl tert-butyl ether, methacrylic ester and epoxy chloropropane. The Calcium Carbide division provides calcium carbonates and calcium carbides. The Public Work division provides water, electricity and steam. The Others division provides distributed control systems (DCSs).