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⏸️ ASL: HOLD Signal (5/10) – Aisha Steel Mills Limited – Corporate Briefing Presentation – 2025

⚡ Flash Summary

Aisha Steel Mills Limited (ASML) provided a corporate briefing for 2025. The company is a major producer of flat steel products with a name-plate capacity of 700,000 tons per annum. Steel demand in Pakistan showed strong recovery, increasing 84% from FY 2022-23 to FY 2024-25. The company’s sales increased in Q1 FY26 compared to the previous year; however, profitability declined significantly.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🏭 Aisha Steel Mills Limited (ASML) is a public limited company listed on the Pakistan Stock Exchange (PSX) since August 2012.
🇵🇰 ASML is part of Arif Habib Group, focusing on value-added flat-rolled steel in Pakistan.
🏢 The company operates a state-of-the-art steel rolling complex with a capacity of 700,000 tons per annum.
📈 Total steel demand in Pakistan rose by 84%, from 570,000 tons in FY 2022-23 to 1,049,000 tons in FY 2024-25.
⚠️ Local producers only saw a marginal 3% sales growth, while imports surged by 148% in the same period.
🚫 Sales tax exemptions for FATA/PATA regions drove import increases, which will face a 10% sales tax gradually increasing to 18% from FY 2025-26.
🛡️ The National Tariff Commission (NTC) extended Antidumping Duties (ADD) to alternate materials to address misdeclarations.
📦 Total quantity sold in Jul-Sep 2025 Qtr. was 43,376 tons, a 112% increase from 20,504 tons last year.
🌍 HRC prices fluctuated around US$ 475 FOB China during the July-September 2025 quarter.
📉 Kibor 3M decreased by -45.45% from Jul-24 to Sep-25.
💲 USD increased by 1.20% from Jul-24 to Sep-25.
💶 EURO increased by 10.70% from Jul-24 to Sep-25.
💴 JPY increased by 10.99% from Jul-24 to Sep-25.
🇨🇳 CNY increased by 2.75% from Jul-24 to Sep-25.
💸 Turnover of PKR 354+ billion generated and contributed PKR 71+ billion to the National ex-chequer.

🎯 Investment Thesis

HOLD. While the domestic steel demand is increasing, Aisha Steel Mills is struggling to maintain profitability. The declining revenue trend and increased competition from imports pose significant challenges. A HOLD recommendation is appropriate until the company demonstrates sustainable improvements in sales and profitability, showing that it can capitalize on the increased market demand.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 12, 2025

announcements ASL Signal: HOLD

⏸️ ASL: HOLD Signal (5/10) – Board Meeting In Progress

⚡ Flash Summary

ASL announced: Board Meeting In Progress. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

ASL made announcement: Board Meeting In Progress
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 ASL. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements ASL Signal: HOLD

⏸️ ASL: HOLD Signal (5/10) – Announcement – Financial Results for the Quarter Ended 30th September 2025

⚡ Flash Summary

ASL announced: Announcement – Financial Results for the Quarter Ended 30th September 2025. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

ASL made announcement: Announcement – Financial Results for the Quarter Ended 30th 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 ASL. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements ASL Signal: BUY

📈 ASL: BUY Signal (7/10) – Transmission of Quarterly Report for the Period Ended 30 September 2025

⚡ Flash Summary

Aisha Steel Mills Limited (ASML) reported improved financial numbers for the quarter ended September 30, 2025, driven by higher sales volumes, better gross margins, and reduced finance costs. Revenue increased significantly to Rs. 9,463 million compared to Rs. 4,580 million in the same period last year. The company achieved a profit after tax of Rs. 82 million, a turnaround from the loss of Rs. 843 million in the corresponding quarter of the previous year. This positive performance is attributed to the robust growth in the local automotive and white goods industries, which are key consumers of ASML’s products.

Signal: BUY 📈

Strength: 7/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Revenue surged to Rs. 9,463 million, a significant increase from Rs. 4,580 million year-over-year.
💰 Gross profit improved substantially, reaching Rs. 922 million compared to Rs. 71 million in the prior year.
📉 Finance costs decreased from Rs. 1,130 million to Rs. 525 million, boosting profitability.
✅ ASML reported a profit after tax of Rs. 82 million, a turnaround from a loss of Rs. 843 million in the prior year.
💲 Earnings per share (EPS) turned positive at Rs. 0.07, compared to a loss per share (LPS) of Rs. 0.93 last year.
🏭 Total quantity sold increased by approximately 112% to 43,376 tons from 20,504 tons.
🌍 Exports increased substantially to 5,856 tons from 1,975 tons.
⚙️ Total quantity produced rose by about 114% to 49,513 tons from 23,187 tons.
🚗 The auto sector and white goods industry are performing well, driving demand.
✅ Local producers anticipate a gradual increase in market share due to favorable policies.
🏦 Sponsor contribution increased by Rs. 4.72 billion during the period.
🧾 Inventories increased to Rs. 12,272 million compared to Rs. 8,101 million as of June 30, 2025.
liabilities decreased slightly to Rs. 16,969 million compared to Rs. 17,728 million as of June 30, 2025.
🚫 Subsequent to the reporting period, a penalty of Rs. 648.3 million was imposed by the Competition Commission, which the company is appealing.

🎯 Investment Thesis

Aisha Steel Mills is a **BUY** due to its strong financial turnaround, driven by increased revenue, improved profitability, and reduced finance costs. The company’s strategic positioning in growing sectors like automotive and white goods supports further growth. However, the appeal against the Competition Commission’s penalty needs to be monitored. **Price Target:** PKR 15 (based on a conservative P/E ratio of 20x the annualized EPS of PKR 0.28). Current P/E ratios in this sector are considerably higher. **Time Horizon:** Medium Term (12-18 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements ASL Signal: HOLD

⏸️ ASL: HOLD Signal (5/10) – Aisha Steel Mills Limited – Corporate Briefing Session

⚡ Flash Summary

Aisha Steel Mills Limited is holding a Corporate Briefing Session (CBS) on November 13, 2025, to brief investors and analysts on the company’s performance and results for the year ended June 30, 2025. The briefing will be conducted via Zoom. The announcement is intended to inform exchange shareholders and analysts. The company’s CEO, Dr. Munir Ahmed, and senior management will present the FY25 financial performance and outlook.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ Corporate Briefing Session (CBS) scheduled for November 13, 2025.
🏢 Aisha Steel Mills Limited to present FY25 performance.
👨‍💼 CEO Dr. Munir Ahmed and senior management to lead the briefing.
💻 CBS to be held via Zoom video link.
🔗 Registration details and session flyer attached with the announcement.
ℹ️ Announcement aimed at informing exchange shareholders and analysts.
📊 Financial performance for the year ended June 30, 2025, to be discussed.
🌐 Company’s outlook to be presented.
❓ Queries can be directed to Sana Tawfik, Head of Research at Arif Habib Limited, sana.tawfik@arifhabibltd.com
📞 Contact number for queries: 021-38280283

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. More information is needed from the corporate briefing to make a more informed investment decision. The company’s financial performance and outlook will be critical in determining future stock performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements ASL Signal: HOLD

⏸️ ASL: HOLD Signal (5/10) – Response of letter relating to unusual movement in the price of the shares of Aisha Steel Mills Limited – Preference Shares (ASLCPS)

⚡ Flash Summary

Aisha Steel Mills Limited (ASML) has responded to the Pakistan Stock Exchange’s (PSX) inquiry regarding unusual price movement in its preference shares (ASLCPS). The company stated that it is unaware of any specific reason or development that would have caused the unusual price movement, reaffirming compliance with Section 97 of the Securities Act, 2015 and clause 5.6.3 of PSX Regulations. ASLCPS is a convertible security representing approximately 0.01% of the total voting shares. The company believes its price should correlate with its ordinary shares.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📢 ASML responded to PSX inquiry regarding unusual price movement in ASLCPS on October 16, 2025.
🔍 The company is unaware of any specific reason for the price fluctuation.
✅ ASML reaffirms compliance with Section 97 of the Securities Act, 2015 and PSX regulations.
📜 Reference made to earlier response dated August 27, 2025.
🔄 ASLCPS is a convertible security.
🗳️ All three listed securities carry equal voting rights.
📉 ASLCPS represents approximately 0.01% of the total voting shares (137,920 shares).
🔗 ASLCPS price should correlate with ordinary shares’ price.
🤔 Price fluctuations attributed to offerors and bidders in the system.
🏢 Company ensures compliance with regulatory requirements.
💼 Manzoor Raza is the Company Secretary.
📍 Company’s registered office is in Karachi.
🌐 Company website: www.aishasteel.com.

🎯 Investment Thesis

Given the lack of specific information provided by ASML in response to the PSX inquiry, a HOLD recommendation is appropriate. The price movement appears to be speculative, but since ASML states that they are not aware of any undisclosed information, there is no compelling reason to adjust the investment thesis based on the disclosure alone.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 20, 2025

announcements ASL Signal: HOLD

⏸️ ASL: HOLD Signal (5/10) – BOARD MEETING / CLOSED PERIOD

⚡ Flash Summary

ASL announced: BOARD MEETING / CLOSED PERIOD. Basic analysis suggests neutral sentiment. Professional review recommended.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

ASL made announcement: BOARD MEETING / CLOSED PERIOD
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 ASL. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 20, 2025

announcements ASL Signal: HOLD

⏸️ ASL: HOLD Signal (5/10) – Certified Copy of Resolutions passed in Annual General Meeting held on 17th October 2025

⚡ Flash Summary

Aisha Steel Mills Limited held its Twenty-First Annual General Meeting on October 17, 2025, where shareholders adopted the annual audited financial statements for the year ended June 30, 2025. Resolutions were passed regarding related party transactions. A. F. Ferguson & Co. were reappointed as external auditors for the year ending June 30, 2025. The minutes of the Twentieth Annual General Meeting held on October 28, 2024, were approved.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ AGM held on October 17, 2025.
✅ Audited financial statements for the year ended June 30, 2025 adopted.
🤝 Resolutions passed regarding related party transactions.
✍️ Minutes of the Twentieth AGM held on October 28, 2024 approved.
🏢 A. F. Ferguson & Co. reappointed as external auditors.
🧾 Transactions with related parties approved as disclosed in financial statements.
🏦 Board authorized to approve related party transactions for the year ending June 30, 2026.
📜 Transactions approved by the Board deemed approved by shareholders under Companies Act, 2017.
📢 Transactions to be placed before shareholders in the next AGM for formal ratification.
📍 AGM held at Stock Exchange Building, Karachi.
⏰ Meeting started at 11:30 a.m.

🎯 Investment Thesis

Based on the announcement, a HOLD recommendation is appropriate. The AGM’s proceedings were routine, with approval of financial statements and auditor reappointment. The focus on related party transactions requires further investigation before making a more decisive recommendation. A detailed review of the financial statements is necessary to determine a price target and time horizon.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025

announcements ASL Signal: HOLD

⏸️ ASL: HOLD Signal (5/10) – Disclosure of Material Information

⚡ Flash Summary

Aisha Steel Mills Limited has disclosed material information regarding an order issued by the Competition Commission of Pakistan (CCP) and the penalty imposed on the company. The company states that this matter is currently under review, and they will pursue appropriate legal recourse as deemed necessary. The disclosure is made in compliance with the Pakistan Stock Exchange Rule Book and the Securities Act, 2015. This announcement indicates a potential regulatory challenge for Aisha Steel Mills that requires further investigation and legal action.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📝 Aisha Steel Mills disclosed material information on October 9, 2025.
⚖️ The disclosure relates to an order issued by the Competition Commission of Pakistan (CCP).
⚠️ A penalty has been imposed on Aisha Steel Mills Limited.
🔍 The company is currently reviewing the matter.
🧑‍⚖️ Aisha Steel Mills plans to pursue appropriate legal recourse.
✅ The disclosure complies with Sections 96 and 131 of the Securities Act, 2015.
✅ The disclosure complies with clause 5.6.1(a) of the Rule Book of Pakistan Stock Exchange Limited.
📢 The information is being shared with all stakeholders.
🏢 Manzoor Raza, Company Secretary, signed the disclosure.
📍 The company’s registered office is located in Karachi.
🏭 The factory is located in the Pakistan Steel downstream industrial estate, Bin Qasim, Karachi.
🌐 Further details can be found on the company’s website: www.aishasteel.com

🎯 Investment Thesis

A HOLD recommendation is appropriate at this time, pending further information about the CCP’s order and the company’s legal strategy. The potential financial impact of the penalty needs to be quantified before making a buy or sell decision.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025