Indorama Ventures PCLIVL
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CLSA raised target price and maintained OUTPERFORM, citing easing PET supply and strong Q3/2026 spreads.
Impact on stocks 1
Critical Materials & Supply Chain
Indorama Ventures PCLShares of Indorama Ventures (IVL) rose 3.48% to 25.25 baht after CLSA Securities raised its target price to 32.00 baht from 28.00 baht, while maintaining an OUTPERFORM rating. CLSA noted that the PET supply trend is passing its peak, and 2026 will be the last year with new capacity entering the market. Concerns over the MEG assets in the US have eased after management confirmed no impairment provision, and spreads in Q3/2026 are expected to beat market expectations due to low inventory levels. CLSA also raised its net profit forecasts for 2026-2028 and views the interim dividend payment as reflecting management confidence.
Indorama Ventures PCLCLSA raised target price and maintained OUTPERFORM, citing easing PET supply and strong Q3/2026 spreads.