FoxLogica News Analysis

📉 APL: SELL Signal (7/10) – Presentation – Corporate Briefing Session 2025

⚡ Flash Summary

Attock Petroleum Limited (APL) reported a decrease in net sales revenue by 10% to Rs. 474 billion for the year ended June 30, 2025, compared to Rs. 526 billion in 2024. Sales volume also fell by 3% due to lower demand for Furnace Fuel Oil and Bitumen, impacting gross profit which declined by 15%. The company’s profit after tax decreased by 25% to Rs. 10 billion. Market share decreased from 10.2% to 9% and EPS fell by 25% to Rs. 83.53.

Signal: SELL 📉
Strength: 7/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

📌 Key Takeaways

  • 📉 Net sales revenue decreased by 10% from Rs. 526 billion to Rs. 474 billion.
  • 📉 Sales volume fell by 3% due to reduced demand for Furnace Fuel Oil and Bitumen.
  • 📉 Gross profit declined by 15% due to lower sales volume.
  • 📉 Profit after tax decreased by 25% to Rs. 10 billion.
  • 📉 APL’s sales volume decreased by 3% from 1.605 million tons to 1.551 million tons.
  • 📉 Average selling price decreased by 8% from Rs. 316,585 to Rs. 292,172 per M.Ton.
  • 📉 Gross sales revenue decreased by 10% from Rs. 538,095 million to Rs. 482,429 million.
  • 📉 Gross profit decreased by 15% from Rs. 22,042 million to Rs. 18,829 million.
  • 📉 Net profit decreased by 25% from Rs. 13,822 million to Rs. 10,393 million.
  • 📉 Earnings per share decreased by 25% from Rs. 111.09 to Rs. 83.53.
  • 📊 Market share decreased from 10.2% to 9%.
  • ⛽ Industry sales volume increased by 6% from 15.758 million tons to 16.696 million tons.

🎯 Investment Thesis

Based on the financial performance and risk assessment, a SELL recommendation is appropriate for APL. The company’s declining revenue, profitability, and EPS, coupled with operational and market risks, make it an unattractive investment. A price target of Rs. 400 with a time horizon of 12 months is justified, reflecting the reduced financial performance and potential downside risks. The recent drop in EPS shows the decrease in the earnings.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ REWM: HOLD Signal (6/10) – Presentation – Corporate Briefing Session 2025

⚡ Flash Summary

Reliance Weaving Mills Limited’s Corporate Briefing Session on November 20, 2025, reveals a mixed financial performance. While sales decreased slightly by 3% to PKR 40,220 million, net profit significantly increased by 115% to PKR 257 million. EPS also saw a substantial rise of 115% to PKR 8.34. The company is focusing on cost-saving measures like installing renewable solar systems and automating AC plants to improve profitability and sustainability.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📉 Sales decreased by 3% from PKR 41,461 million to PKR 40,220 million.
  • 💰 Gross profit decreased by 3% from PKR 4,842 million to PKR 4,703 million.
  • 📊 Gross profit margin remained relatively stable at 11.69% compared to 11.68% in the previous year.
  • 📉 EBITDA decreased by 8% from PKR 4,754 million to PKR 4,350 million.
  • ✅ Net profit increased significantly by 115% from PKR 120 million to PKR 257 million.
  • 📈 Net profit margin improved from 0.29% to 0.64%.
  • 🚀 EPS increased by 115% from PKR 3.88 to PKR 8.34.
  • 💼 No dividend was declared for both 2025 and 2024.
  • 🌱 The company installed a 20 MW renewable solar system and plans to add 3 MW more.
  • 💡 Automation of AC Plant is expected to save Rs.150 M per annum.
  • 🔄 Replacing 33 low RPM looms with high RPM looms is projected to cost Rs.600 M but yield Rs.170M annually.
  • 📉 KIBOR reduction from 23% to 11.25% resulted in savings of Rs.521 M.
  • ⬆️ Total assets increased by 13% from PKR 34,864 million to PKR 39,270 million.
  • ⬆️ Non-Current Liabilities increased by 55% from PKR 5,181 million to PKR 8,014 million.

🎯 Investment Thesis

HOLD. While the improved profitability metrics are encouraging, the slight revenue decline and external risks warrant a cautious approach. The company’s focus on cost-saving measures and renewable energy initiatives provide some upside potential, but these need to materialize into sustained earnings growth. A HOLD recommendation is appropriate until the company demonstrates consistent top-line growth and manages its operational risks effectively.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

📉 ORM: SELL Signal (7/10) – Presentation of Corporate Briefing Session (CBS) 2025

⚡ Flash Summary

Orient Rental Modaraba (ORM) presented its Corporate Briefing Session (CBS) for 2025, showcasing its operations as a multi-purpose, perpetual Modaraba spun off from Orient Energy Systems (OES). ORM focuses on providing Shari’ah-compliant, riba-free income through equipment rental solutions. Key services include rental power generation (100 kVA to 1770 kVA), plant operations, facility management, and construction equipment rental. Financial data indicates fluctuating profitability, with net profit at Rs 29 million for the quarter ended September 2025, significantly lower than previous years.

Signal: SELL 📉
Strength: 7/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

📌 Key Takeaways

  • Established in 1996, OES is a prominent Pakistani engineering company with over 2,000 MW installed. 🏭
  • ORM is managed by Eman Management (Private) Limited since December 16, 2015. 🗓️
  • ORM offers Shari’ah-compliant business model, providing riba-free income. ⚖️
  • Key services: rental of gas and diesel generators, aftersales support, and O&M. 🛠️
  • Rental power generation ranges from 100 kVA to 1770 kVA. ⚡
  • ORM has a credit rating of A- (long term) and A2 (short term) by PACRA. 信用评级
  • ORM possesses 149+ diesel & gas generators with a total capacity of 118 MW. ⛽
  • ORM has 100+ O&M and Facility Management Industrial and Corporate contracts. 🏢
  • ORM has over 1,500 manpower strength across Pakistan. 👨‍💼
  • ORM operates 30+ service vehicles all over Pakistan. 🚚
  • Total Assets: Rs 2,656 million (SEP 2025 Qtr) vs Rs 2,657 million (JUNE 2025). 💰
  • Net Profit: Rs 29 million (SEP 2025 Qtr) vs Rs 214 million (JUNE 2025). 📉
  • EPS: Rs 0.39 (SEP 2025 Qtr) vs Rs 2.85 (JUNE 2025). 😟
  • Return on Asset: 1.10% (SEP 2025 Qtr) vs 9% (JUNE 2025). 📉
  • Return on Equity: 1.95% (SEP 2025 Qtr) vs 15% (JUNE 2025). 📉

🎯 Investment Thesis

Based on the current financial performance, a SELL recommendation is warranted for ORM. The significant decline in net profit and EPS indicates potential operational inefficiencies or market challenges. The price target should be revised downwards to reflect the reduced earnings potential. It would be more helpful if the company explained reasons behind the abrupt reduction in Revenue, Gross Profit and Net Profit. Without knowing the reasons, one would rather SELL.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

📈 AHCL: BUY Signal (8/10) – Arif Habib Corporation Limited – Corporate Briefing Presentation – 2025

⚡ Flash Summary

Arif Habib Corporation Limited (AHCL) reported significant financial growth in FY25. Standalone revenue increased by 30.48% to PKR 4,953 million, while consolidated revenue decreased slightly by 7.57% to PKR 9,205 million. Profit after tax saw substantial gains, with standalone profit rising by 152.09% to PKR 23,775 million and consolidated profit increasing by 30.82% to PKR 11,138 million. The company has also been actively restructuring its share capital and investment portfolio, including a scheme of arrangement and subdivision of shares to enhance liquidity.

Signal: BUY 📈
Strength: 8/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🚀 Standalone revenue increased by 30.48% to PKR 4,953 million in FY25.
  • 📉 Consolidated revenue slightly decreased by 7.57% to PKR 9,205 million.
  • 💰 Standalone profit after tax surged by 152.09% to PKR 23,775 million.
  • 📈 Consolidated profit after tax increased by 30.82% to PKR 11,138 million.
  • 💸 Earnings per share (EPS) increased significantly: Standalone EPS up by 151.79% to PKR 5.64, Consolidated EPS up by 32.97% to PKR 2.46.
  • 🏦 Total assets increased: Standalone assets up by 72.76% to PKR 66,292 million, Consolidated assets up by 17.81% to PKR 76,624 million.
  • Equity also increased: Standalone equity up by 61.12% to PKR 54,893 million, Consolidated equity up by 17.18% to PKR 53,216 million.
  • 📊 Breakup Value per Share increased: Standalone Breakup Value up by 61.14% to PKR 13.02, Consolidated Breakup Value up by 17.18% to PKR 12.62.
  • Dividends: Declared a final cash dividend of PKR 1 per share (100%) for the year ended June 30, 2025.
  • Shares Subdivision: Approved the subdivision of shares, changing the face value from Rs. 10 to Re. 1 per share.
  • REITs: Manages REITs through Arif Habib Dolmen REIT Management Limited (AHDRML), focusing on real estate investments.
  • Scheme of Arrangement: Implemented a scheme of arrangement involving the demerger of certain non-core businesses from AHL.
  • Musharaka Arrangements: Invested in several Musharaka arrangements managed by JCL and AHCL, focusing on real estate projects.
  • Subsidiaries: Arif Habib Limited (AHL), Sachal Energy Development Private Limited (SEDPL), Black Gold Power Limited (BGPL), and Rayann commodities.
  • Strategic Investments: Significant holdings in Fatima Fertilizer (15.19%), Safemix Concrete Limited (27.63%) and Javedan Corporation Limited(39.52%).

🎯 Investment Thesis

AHCL presents a compelling investment opportunity given its strong growth trajectory, strategic diversification, and active restructuring. The increase in standalone profit and the promising outlook for its REIT and energy investments suggest significant upside potential. I recommend a BUY rating with a price target of PKR 15.00, based on a forward P/E ratio of 6x FY26 projected EPS. This target reflects the company’s growth prospects and the potential for value creation through its strategic initiatives. The time horizon is MEDIUM_TERM, expecting the price target to be achieved within the next 12-18 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ BRRG: HOLD Signal (5/10) – Notice of Election of Directors of BRR Guardian Limited

⚡ Flash Summary

BRR Guardian Limited has announced the upcoming election of directors at the Annual General Meeting scheduled for November 27, 2025. The notice, pursuant to Section 159(3) of the Companies Act, 2017, lists seven individuals who have filed their intention to offer themselves for election. Since the number of candidates does not exceed the number of director positions, the listed individuals will be deemed elected. This announcement provides information about the company’s governance structure and leadership.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📢 BRR Guardian Limited announces election of directors.
  • 🗓️ AGM scheduled for November 27, 2025.
  • 📜 Notice issued under Section 159(4) of the Companies Act, 2017.
  • 👤 Seven individuals have filed notices of intention.
  • 👨‍💼 Candidates include Mr. Ayaz Dawood and Mr. Muhammad Ali Ayaz Dawood.
  • 👩‍💼 Also includes Mr. Amer Maqbool, Mr. Junaid Sakhi, and Mr. Ghazanfar-Ul-Islam.
  • 👨‍💼 Other candidates are Mr. Ali Abdul Wahab and Miss. Zahra Omar.
  • ✅ Number of candidates does not exceed the number of director positions.
  • 🤝 All listed individuals will be deemed elected.
  • 🏢 Announcement relates to company governance.
  • 🇵🇰 Company is based in Karachi, Pakistan.
  • ✉️ Official announcement by Tahir Mehmood, Company Secretary.
  • 🏢 Company’s address is 20th Floor, B.R.R. Tower, Hassan Ali Street, Karachi.
  • 📧 Contact via email: brr@firstdawood.com.

🎯 Investment Thesis

Given the lack of financial information in this announcement, a HOLD recommendation is appropriate. Further analysis of BRR Guardian Limited’s financials and strategic direction is necessary before making a BUY or SELL decision. The election of directors is a governance issue that should be considered in conjunction with overall company performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ GVGL: HOLD Signal (5/10) – Corporate Briefing Session Ghani Value Glass Limited

⚡ Flash Summary

Ghani Value Glass Limited (GVGL) is holding a corporate briefing session on November 25, 2025, to discuss the financial performance for the year ended June 30, 2025, and future prospects. The announcement was made on November 18, 2025, to the Pakistan Stock Exchange. Interested shareholders and analysts can attend via Zoom/video. Registration is required by emailing the company secretary before 5:00 pm on November 24, 2025.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📅 GVGL is conducting a corporate briefing session on November 25, 2025.
  • 🏢 The briefing will cover financial performance for the year ending June 30, 2025.
  • 🔮 Future prospects for shareholders and analysts will also be discussed.
  • 📢 The announcement was made on November 18, 2025, to the Pakistan Stock Exchange Limited.
  • 💻 Interested participants can attend the session via Zoom/video.
  • 📧 Registration is mandatory and must be done by emailing the company secretary.
  • ⏰ The deadline for registration is 5:00 pm on November 24, 2025.
  • ✉️ The email subject should be “Registration for Corporate Briefing Session-GVGL.”
  • 🔗 A Zoom/Video link will be shared with registered shareholders/analysts/investors.
  • 📝 Participants must provide necessary details during registration, including CNIC and Folio No/CDC A/C.

🎯 Investment Thesis

A HOLD recommendation is given, pending the corporate briefing session. The information disclosed during the session is critical to forming a view.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ TPLRF1: HOLD Signal (5/10) – Notice of General Meeting of Unitholders

⚡ Flash Summary

TPLRF1 announced: Notice of General Meeting of Unitholders. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • TPLRF1 made announcement: Notice of General Meeting of Unitholders
  • Automated analysis: HOLD signal detected
  • Signal strength: 5/10
  • This is basic analysis – manual review recommended
  • Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for TPLRF1. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ STYLERS: HOLD Signal (5/10) – Corporate Briefing Session-2025

⚡ Flash Summary

STYLERS announced: Corporate Briefing Session-2025. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • STYLERS made announcement: Corporate Briefing Session-2025
  • Automated analysis: HOLD signal detected
  • Signal strength: 5/10
  • This is basic analysis – manual review recommended
  • Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for STYLERS. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ HINO: HOLD Signal (5/10) – Board Meeting for the Half Year Ended September 2025

⚡ Flash Summary

HINO announced: Board Meeting for the Half Year Ended September 2025. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • HINO made announcement: Board Meeting for the Half Year Ended September 2025
  • Automated analysis: HOLD signal detected
  • Signal strength: 5/10
  • This is basic analysis – manual review recommended
  • Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for HINO. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ SPWL: HOLD Signal (5/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

⚡ Flash Summary

SPWL announced: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Reg. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • SPWL made announcement: Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations
  • Automated analysis: HOLD signal detected
  • Signal strength: 5/10
  • This is basic analysis – manual review recommended
  • Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for SPWL. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

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