|Bid||107.00 x 0|
|Ask||107.50 x 0|
|Day's Range||107.00 - 108.50|
|52 Week Range||100.50 - 151.00|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||19.98|
|Earnings Date||Aug 5, 2019 - Aug 9, 2019|
|Forward Dividend & Yield||4.80 (4.47%)|
|1y Target Est||115.15|
SINGAPORE/TOKYO (Reuters) - Asian shippers and refiners have put ships heading to the Middle East on alert and are expecting a possible rise in marine insurance premiums after recent attacks on Saudi oil tankers and pipeline facilities, industry sources said on Tuesday. On Monday, armed drones attacked two of Saudi Aramco's oil pumping stations and forced the state producer to briefly shut its East-West pipeline, known as Petroline. The attack came two days after the sabotage of four oil tankers - two of them owned by Saudi Arabia - near the United Arab Emirates.
Moody's Investors Service says that the softer 2018 financial results of the four Formosa companies are in line with Moody's expectations and have no impact on their A3 issuer ratings. The four entities are: Formosa Plastics Corporation, Nan Ya Plastics Corporation, Formosa Chemicals & Fiber Corporation, and Formosa Petrochemical Corporation.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Formosa Chemicals & Fiber Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Asia's biggest oil consumers are flooding the region with fuel as refining output is exceeding consumption amid a slowdown in demand growth, pressuring industry profits. Since 2006, the Asia-Pacific has been the world's biggest oil consuming region, led by traditional industrial users South Korea and Japan along with rising economic powerhouses China and India. Car sales in China, the world's second-biggest oil user, fell for the first time on record last year, and early 2019 sales also remain weak, implying a slowdown in gasoline demand.
Feb 13 (Reuters) - Formosa Petrochemical Corp: * SAYS JAN REVENUE UP DOWN 10.9 PERCENT Y/Y AT T$61.8 BILLION ($2.01 billion) Source text for Eikon: Further company coverage: ($1 = 30.8130 Taiwan dollars) ...
Jan 8 (Reuters) - Formosa Petrochemical Corp: * SAYS DEC SALES DOWN 1.1 PERCENT Y/Y * SAYS Q4 NET LOSS AT T$4.1 BILLION ($132.93 million) * SAYS 2018 AFTER-TAX PROFIT AT T$60 BILLION Source text for Eikon: ...
Moody's Investors Service has upgraded to A3 from Baa1 the issuer ratings of the four companies that together comprise the Formosa group, namely Formosa Plastics Corporation, Nan Ya Plastics Corporation, Formosa Chemicals & Fiber Corporation, and Formosa Petrochemical Corporation. The ratings outlook is stable.
Aug 6 (Reuters) - Formosa Petrochemical Corp: * SAYS JULY CONSOLIDATED REVENUE AT T$62.7 BILLION ($2.05 billion), UP 30.9 PERCENT Y/Y Source text for Eikon: Further company coverage: ($1 = 30.5900 Taiwan ...