Indorama Ventures (IVL) closed the morning session at 23.80 baht, up 1.30 baht or 5.78%, against the trend of the Thai stock index, supported by news that Venezuela may withdraw from OPEC, which would increase oil supply and reduce raw material costs, helping to expand PET margins. Meanwhile, brokers such as Tisco Securities have raised their 2026 earnings estimates by 54% and also for 2027-2028, with a target price of up to 30 baht. In addition, IVL is a highly liquid stock and is seen as a target for sector rotation, especially in AI and Global Cyclical Rebound themes.
Indorama Ventures PCLVenezuela leaving OPEC would increase oil supply, lowering raw material costs and expanding PET margins.
