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Signal: BUY - FoxLogica

Signal: BUY

📈 DCR: BUY Signal (8/10) – FINANCIAL RESULTS OF DOLMEN CITY REIT FOR THE QUARTER ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

Dolmen City REIT (DCR) reported strong financial results for the quarter ended September 30, 2025, with distributable profit increasing to PKR 1.385 billion from PKR 1.113 billion in the same period last year. The REIT maintained a high occupancy rate of 98% across its Dolmen Mall Clifton and Harbour Front properties. Earnings per unit (basic and diluted) increased to PKR 0.6229 from PKR 0.5005 year over year. DCR’s Net Asset Value (NAV) stands at PKR 34.40 per unit, with the unit trading at a 6.72% discount.

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

📌 Key Takeaways

  • 🎉 Distributable profit increased significantly to PKR 1.385 billion, a notable rise from PKR 1.113 billion in Q1 2024.
  • 🏢 Maintained a high occupancy rate of 98% across Dolmen Mall Clifton and Harbour Front.
  • 📈 Earnings per unit (basic and diluted) surged to PKR 0.6229, compared to PKR 0.5005 in the prior year.
  • 💰 Declared an interim cash dividend of PKR 0.63 per unit for the quarter ending September 30, 2025.
  • 📊 Net Asset Value (NAV) stands at PKR 34.40 per unit.
  • 🛒 Dolmen Mall Clifton’s leasable area is 542,847 sq.ft., with a 97.7% occupancy rate.
  • 🏢 The Harbour Front maintains 100% occupancy across its 257,162 sq.ft. leasable area.
  • ⭐ Total return on investment increased by 3.06x, from 6.91% in Q1 FY2025 to 21.19% in Q1 FY2026.
  • 🛍️ Rental income increased to PKR 1.533 billion from PKR 1.286 billion year-over-year.
  • 📉 Administrative and impairment expenses decreased from PKR 304.922 million to PKR 172.281 million.
  • Footfall at Dolmen City remained high, averaging between 25,000 to 29,000 customers per day.
  • ✅ Shariah compliance has been confirmed by the Shariah advisor.
  • ⚖️ DCR unit trades at a 6.72% discount to its NAV.
  • ✔️ Weighted Average Lease Expiry (WALE) for Dolmen City Mall is approximately 2.40 years.
  • 🏢 Weighted Average Lease Expiry (WALE) for Harbour Front is approximately 4.13 years.

🎯 Investment Thesis

BUY. Dolmen City REIT presents a compelling investment opportunity due to its strong financial performance, high occupancy rates, and a discounted valuation relative to its NAV. The increase in distributable profit and dividend payout reflects the REIT’s improved operational efficiency and profitability. The robust footfall and strategic location of Dolmen Mall Clifton and Harbour Front position DCR favorably in the competitive real estate market. It is expected that the growth trend to continue as Pakistan’s economy expands.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📈 LEUL: BUY Signal (8/10) – Transmission of Quarterly Report for the Period Ended 30-09-2025

⚡ Flash Summary

Leather Up Ltd. reports a strong turnaround for the first quarter ended September 30, 2025. The company’s net revenue surged to Rs 25.5 million, a significant increase from Rs 4 million in the same period last year. Net profit after taxation reached Rs 828,168, a stark contrast to the net loss of Rs 127,583 in the prior year. This positive momentum is attributed to enhanced operational efficiencies and strategic market exploration. The management remains committed to maximizing shareholder value amidst global uncertainties.

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

📌 Key Takeaways

  • 🚀 Revenue increased significantly to Rs 25.5 million from Rs 4 million YoY.
  • ✅ Net profit reached Rs 828,168 compared to a loss of Rs 127,583 YoY.
  • 📈 Basic and diluted profit per share is Rs 0.14 compared to (0.02) YoY.
  • 💰 Cash and bank balances decreased to Rs 1.396 million from Rs 1.921 million from previous quarter.
  • 📊 Stock-in-trade reduced slightly to Rs 10.242 million from Rs 10.342 million from previous quarter.
  • 🧾 Trade and other payables increased drastically to Rs 24.548 million from Rs 3.704 million from previous quarter.
  • 💼 Khalid H. Shah is the Chief Executive Officer, overseeing the company’s operations.
  • 🌍 The company is exploring new markets to support sustainable export growth.
  • 🤝 Worker-management relations are excellent, contributing to improved performance.
  • 👍 Management thanks shareholders for their unwavering trust and support.
  • 🏭 The company’s registered office and factory are located in Karachi.
  • 📅 These financial statements are authorized for issue on October 29, 2025.

🎯 Investment Thesis

BUY, based on the company’s impressive revenue and profit growth, signaling a successful turnaround. However, further investigation into the reasons for cash balance decreasing and significant increase in trade payables is needed. Price target: Rs 0.25, based on potential for sustained profitability and growth, but it is still highly speculative. Time horizon: MEDIUM_TERM, pending further evidence of continued operational improvements and financial stability.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📈 EWIC: BUY Signal (8/10) – Financial Results for the Quarter ended September 30,2025

⚡ Flash Summary

East West Insurance Co. Ltd. reported a strong financial performance for the quarter ended September 30, 2025. The company’s profit after taxation increased significantly to PKR 1,079.12 million, compared to PKR 560.14 million in the same period last year. Earnings per share (EPS) also saw a substantial rise, reaching PKR 4.22 versus PKR 2.19 in 2024. This growth was primarily driven by increased net insurance premium and effective underwriting results. The Board of Directors also approved an increase in authorized share capital from PKR 3.00 billion to PKR 4.00 billion.

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

📌 Key Takeaways

  • 📈 Profit after tax soared to PKR 1,079.12 million, a significant jump from PKR 560.14 million in 2024.
  • 💰 Earnings per share (EPS) doubled, reaching PKR 4.22 compared to PKR 2.19 in the previous year.
  • 💼 Net insurance premium increased substantially to PKR 4,936.18 million from PKR 3,151.94 million year-over-year.
  • ✅ Underwriting results improved to PKR 770.88 million, up from PKR 476.82 million in 2024.
  • 💸 Investment income grew to PKR 659.08 million from PKR 377.44 million.
  • 🏦 Total Assets increased to PKR 14,657.03 million as of September 30, 2025, compared to PKR 9,807.15 million at the end of 2024.
  • ⬆️ Authorized Capital of the Company increased from Rs.3,000,000,000 to Rs.4,000,000,000
  • 🧾 Total Equity stands at PKR 5,719.63 million, compared to PKR 4,671.26 million at the end of 2024.
  • Liabilities increased to PKR 8,764.54 million, compared to PKR 5,005.35 million at the end of 2024
  • ❌ No cash dividend, bonus shares, or right shares were recommended by the Board of Directors.

🎯 Investment Thesis

Based on the strong financial performance and positive outlook, a BUY recommendation is warranted for East West Insurance. The company has demonstrated significant growth in revenue, profitability, and EPS. The increase in authorized share capital should enable further expansion. Price Target: PKR 6.50. Time Horizon: 12 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📈 ICCI: BUY Signal (7/10) – Transmission of Quarterly Financial Statements for the Period Ended 30-09-2025

⚡ Flash Summary

ICCI Industries Limited reports a profitable first quarter for fiscal year 2026, ending September 30, 2025, marking a significant turnaround from the loss reported in the corresponding period last year. The company achieved a profit after tax of Rs. 1.768 million, compared to a loss of Rs. 5.425 million last year. Revenue increased substantially to Rs. 15.830 million from Rs. 11.163 million in the same quarter of the previous year, attributed to enhanced utilization of covered area at higher rates. While macroeconomic indicators are encouraging, the directors acknowledge ongoing risks from political polarization and global market uncertainties.

Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • ✅ ICCI Industries Limited achieved a profit after tax of Rs. 1.768 million for Q1 2026.
  • ⬆️ Revenue increased to Rs. 15.830 million, up from Rs. 11.163 million in the corresponding quarter of the previous year.
  • 📈 Earning per share (EPS) is Rs. 0.06, a notable improvement from a loss per share of Rs. 0.18 in the previous year.
  • 🏭 Increase in revenue is attributed to enhanced utilization of covered area at higher rates for warehousing.
  • 💪 The company’s financial position shows improved stability with a shift from loss to profit.
  • 🌐 Directors acknowledge macroeconomic indicators reflecting encouraging trends.
  • ⚠️ Political polarization, regional security challenges, and global market uncertainties remain as potential risks.
  • 🛡️ Company continues to pursue a prudent and disciplined strategy in the current environment.
  • 🏢 A substantial portion of the covered area is being utilized for warehousing operations, contributing to improved financial performance.
  • 👍 The directors appreciate the commitment and hard work of the company’s employees.
  • 🌱 The domestic economy is projected to strengthen further in the financial year 2026.
  • 📉 Inflation has eased and the policy rate has been reduced, reinforcing economic stability.
  • 🏦 Cash and bank balances decreased from 3.141 million to 2.375 million rupees.
  • 💰 Directors Loans remain constant at 761.328 million rupees.
  • 🧾 Accumulated loss improved from (777.988) million to (776.017) million rupees.

🎯 Investment Thesis

Based on the improved financial performance and future growth prospects, a BUY rating is warranted for ICCI Industries Limited. The company’s turnaround in profitability and effective utilization of resources suggest strong potential for future growth. A price target of Rs 15, with a time horizon of 12 months, is justified based on projected earnings growth and sector valuations.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📈 BBFL: BUY Signal (7/10) – Financial Results for the 1st Quarter ended September 30, 2025

⚡ Flash Summary

Big Bird Foods Limited’s financial results for the first quarter ended September 30, 2025, show a significant increase in sales, rising to PKR 3,886.13 million from PKR 2,227.77 million in the same period last year. Profit after taxation also increased substantially to PKR 331.95 million from PKR 268.45 million. Basic earnings per share (EPS) improved to PKR 1.11 from PKR 0.90 year over year. The company appointed CDC Share Registrar Services Limited as an independent Registrar/Transfer Agent.

Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🚀 Sales surged to PKR 3,886.13 million, a notable increase from PKR 2,227.77 million in Q1 2024.
  • 💰 Gross profit reached PKR 813.76 million, up from PKR 493.49 million year over year.
  • 📈 Profit from operations soared to PKR 609.07 million compared to PKR 392.63 million in the previous year.
  • 💸 Finance costs decreased to PKR 87.31 million from PKR 111.36 million, improving profitability.
  • 📊 Profit before tax stood at PKR 521.76 million, a significant rise from PKR 281.26 million in Q1 2024.
  • ✅ Profit after taxation increased to PKR 331.95 million from PKR 268.45 million.
  • ⭐ Basic earnings per share (EPS) improved to PKR 1.11 from PKR 0.90.
  • 🏦 The company has appointed CDC Share Registrar Services Limited as an independent Registrar/Transfer Agent.
  • 🌱 Total Assets increased from PKR 12,499.26 million to PKR 13,356.46 million.
  • Equity increased to PKR 8,337.50 million from PKR 7,860.93 million.
  • Taxation expenses sharply increased to PKR 189.81 million compared to PKR 12.81 million last year.
  • ⬇️ Net cash used in operating activities was (PKR 111.45) million compared to PKR 540.94 million generated in the prior year.
  • Addition to property, plant and equipment amounted to PKR (123.65) million versus PKR (251.60) million last year.
  • Loans from directors increased to PKR 144.63 million from PKR 57.63 million.

🎯 Investment Thesis

BUY. Big Bird Foods has shown strong growth in revenue and profitability. The improved EPS and the company’s strategic initiatives, such as the appointment of a new Registrar/Transfer Agent, indicate positive future prospects. A price target of PKR 1.35, with a time horizon of 12 months, is justified based on the current growth trajectory and potential for further improvements in operational efficiency. The stock is currently undervalued.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📈 EMCO: BUY Signal (7/10) – Transmission of Quarterly Report for the Period Ended 30.09.2025

⚡ Flash Summary

EMCO Industries Limited reported a strong turnaround in its first quarter ended September 30, 2025. The company achieved a 53% increase in net sales, reaching Rs. 1,156.36 million, driven by increased production and sales of porcelain insulators. Gross profit surged by 162.7% to Rs. 182.84 million, and the company swung to a net profit after tax of Rs. 15.33 million from a net loss in the same period last year. The company’s focus on international market expansion contributed significantly to revenue diversification and growth.

Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📈 Net sales increased by 53% to Rs. 1,156.36 million compared to Rs. 755.60 million in Q1 2024.
  • 🏭 Porcelain insulator production rose by 29.4% to 780.46 tons.
  • 🌎 Export sales constitute Rs 260.77 million of the total revenue, demonstrating international expansion.
  • 💰 Gross profit increased by 162.7% to Rs. 182.84 million.
  • ✅ Net profit after tax reached Rs. 15.33 million, a significant improvement from a loss of Rs. (68.54) million in the same period last year.
  • Operating profit sharply turnaround by more than Rs 100 million.
  • 📉 Finance costs decreased by 36.6% to Rs. 65.36 million, indicating better debt management.
  • 🌟 Basic earnings per share (EPS) improved to Rs. 0.44 from a loss per share of Rs. (1.96) in Q1 2024.
  • ✅ The company fulfilled all scheduled payments on long-term loans with no overdue liabilities.
  • 🚀 Export performance achieved 56.3% of the previous full-year export value in just three months.
  • 🌐 Strategic focus on international markets diversified revenue streams.
  • 🌱 Gross margins improved due to strong insulator sales and new product introductions.
  • ⚡ Government’s energy sector reforms and indigenization efforts present strategic opportunities for EMCO.
  • 🧪 Administrative and selling expenses increased to Rs. 81.13 million, reflecting export market expansion costs.

🎯 Investment Thesis

EMCO Industries is a BUY based on its strong Q1 2026 performance, international expansion strategy, and positive industry outlook. The company’s focus on energy sector reforms and indigenization presents significant growth opportunities. A price target of PKR 40 is set, representing a 20% upside from the current market price, with a time horizon of 12 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📈 HALEON: BUY Signal (7/10) – Notice of Second Interim Cash Dividend and Share Book Closure

⚡ Flash Summary

HALEON announced: Notice of Second Interim Cash Dividend and Share Book Closure. Basic analysis suggests positive sentiment. Professional review recommended.

Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • HALEON made announcement: Notice of Second Interim Cash Dividend and Share Book Closure
  • Automated analysis: BUY signal detected
  • Signal strength: 7/10
  • This is basic analysis – manual review recommended
  • Professional CFA analysis unavailable

🎯 Investment Thesis

Basic BUY indication for HALEON. Manual verification required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📈 BRRG: BUY Signal (9/10) – Transmission of Quarterly Report for the 1st quarter ended Sep 30,2025 of BRR Guardian Limited

⚡ Flash Summary

BRR Guardian Limited (BRRG) reported a record net profit of Rs. 762.991 million for the first quarter ended September 30, 2025. This represents a significant increase compared to the net profit of Rs. 33.090 million in the same period last year. The company’s rental income grew by 15% to Rs. 81.237 million, driven by improved operational efficiency and planning. Earnings per share (EPS) improved substantially to Rs. 8.03 from Rs. 0.35 in the prior year, indicating strong financial performance.

Signal: BUY 📈
Strength: 9/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🎉 Record net profit of Rs. 762.991 million for Q1 2025.
  • 📈 Rental income increased by 15% to Rs. 81.237 million from Rs. 70.227 million YoY.
  • 💰 Profit before levy and taxation rose to Rs. 929.126 million from Rs. 44.33 million YoY.
  • ✔️ Improved operational efficiency and planning contributed to profitability.
  • 🧾 Levy and taxation accounted for Rs. 166.135 million.
  • 🚀 Earnings per share (EPS) jumped to Rs. 8.03 from Rs. 0.35 YoY.
  • 🏦 Total assets stand at Rs. 6,578.702 million as of September 30, 2025.
  • 🏢 Investment properties valued at Rs. 891.956 million.
  • 💸 Short-term investments total Rs. 5,352.155 million.
  • ✔️ Issued, subscribed, and paid-up share capital at Rs. 950.084 million.
  • 🏦 Revenue reserve amounts to Rs. 1,946.434 million.
  • ✔️ The board recommended a final cash dividend of 5% i.e. Rs.0.5 per share.
  • 👍 Company is committed to delivering value to shareholders.

🎯 Investment Thesis

Based on the exceptional Q1 2025 results, I recommend a BUY rating for BRRG. The company’s improved operational efficiency, strong rental income growth, and substantial EPS improvement indicate a positive outlook. The company has been growing at a fast rate, achieving high profitability and shareholder value. Price target: Rs. 90.00, Time horizon: 12 months. This is based on the increased EPS and expected market capitalization growth in the next year.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

📈 SURC: BUY Signal (8/10) – Transmission of Quarterly Report for the Period Ended 30 September 2025

⚡ Flash Summary

Suraj Cotton Mills Limited (SURC) reported a robust performance for the first quarter ended September 30, 2025, with a net profit of PKR 396 million, marking a 110.09% increase compared to PKR 186 million in the same period last year. Earnings per share (EPS) rose significantly from PKR 3.83 to PKR 8.12. Profitability was bolstered by higher other income from investment activities, favorable equity market performance, and higher dividend income. However, sales declined by 14.64% due to lower sales volumes amid weak market demand, leading to an increase in finished goods inventory.

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

📌 Key Takeaways

  • ✅ Net profit surged by 110.09%, reaching PKR 396 million, up from PKR 186 million year-over-year.
  • 📈 Earnings per share (EPS) increased to PKR 8.12 from PKR 3.83, reflecting strong financial health.
  • 💰 Sales declined by 14.64% to PKR 6.49 billion from PKR 7.60 billion due to lower sales volumes.
  • 📊 Gross profit remained stable at PKR 488 million compared to PKR 485 million in the previous year, indicating consistent margins.
  • 📉 Finance costs decreased by 35.82%, from PKR 61 million to PKR 39 million, due to lower borrowings and improved liquidity management.
  • 💼 Operating profit increased significantly by 57.51%, rising to PKR 607 million from PKR 386 million.
  • 🌱 Other income increased significantly, contributing PKR 303 million compared to PKR 112 million in the same quarter last year.
  • 📦 Finished goods inventory increased, reflecting slower offtake in both local and export markets.
  • 🌐 Export revenue from 2024 to 2025 decreased from 4,118,953 to 3,550,529 (thousands of PKR).
  • 🏭 Local revenue from 2024 to 2025 decreased from 3,483,952 to 2,939,370 (thousands of PKR).
  • 🌱 Trade debts from 2024 to 2025 decreased from 3,220,558 to 3,090,943 (thousands of PKR).
  • 🏦 Cash and bank balances from June 30 to September 30, 2025 decreased from PKR 163.444 million to PKR 93.916 million.

🎯 Investment Thesis

BUY. The company’s strong profit growth and effective cost management make it an attractive investment, despite the sales decline. Modernization and efficiency improvements position the company well to navigate industry challenges. Price target: PKR 10.00, Time horizon: Medium Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

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

⚡ Flash Summary

Haleon Pakistan Limited (HALEON) reported unaudited condensed financial information for the nine months ended September 30, 2025. The company achieved a 17% year-over-year revenue growth, driven by robust demand and effective market strategies. Net profit after tax increased significantly to Rs. 4,586 million, with Earnings Per Share (EPS) rising to Rs. 39.18. Despite increased operational costs, the company is committed to improving healthcare access across Pakistan through strategic investments and leadership development.

Signal: BUY 📈
Strength: 7/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🚀 Revenue grew by 17% year-over-year for the first nine months of 2025.
  • 💰 Net profit after tax reached Rs. 4,586 million.
  • 📈 Earnings Per Share (EPS) increased to Rs. 39.18 from Rs. 27.36 in the previous year.
  • 💊 Over-the-Counter (OTC) portfolio expanded by 18%.
  • 🚚 Fast-Moving Consumer Goods (FMCG) segment surged by 32%.
  • 📊 Total expenses to net sales ratio increased to 16.63% from 16.00%.
  • 📉 Income from financial assets decreased to Rs. 608 million from Rs. 783 million.
  • 🌍 Haleon contributed Rs. 27 billion (USD 98 million) in gross value added (GVA) to Pakistan’s economy in 2024.
  • 🤝 Supports over 6,600 jobs nationwide.
  • 🌟 Pakistan’s pharmaceutical exports hit a 20-year high of $457 million in FY25, a 34% year-over-year increase.
  • 🌐 Finance executive promoted to a regional role.
  • 💼 New finance lead promoted from within the organization.
  • 🌱 Board of Directors approved an interim cash dividend of Rs. 5 per share.
  • 🎯 Capital expenditure commitments outstanding amount to Rs. 1,192.85 million.

🎯 Investment Thesis

Based on strong financial performance, market position, and contribution to Pakistan’s economy, a BUY recommendation is justified. The company’s strategic investments, leadership development, and commitment to healthcare access support long-term growth. The target price should reflect the enhanced EPS, growth trajectory, and valuation premium relative to peers.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

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