BUY - FoxLogica

📈 MARI: BUY Signal (7/10) – Execution of Joint Venture Agreement with Ghani Chemical Industries Ltd. (GCI) for jointly setting up a Project Company to process vent/exhaust gas from the Sachal Gas Processing Complex, Daharki, Sindh.

⚡ Flash Summary

Mari Energies Limited (MARI) has entered into a Joint Venture Agreement with Ghani Chemical Industries Ltd. (GCI) to establish a project company focused on processing vent/exhaust gas from the Sachal Gas Processing Complex in Daharki, Sindh. The project aims to recover hydrocarbons from exhaust gas and produce liquefied natural gas (LNG) along with industrial and food-grade carbon dioxide (CO2). MARI will hold a 51% equity stake in the project company, while GCI will hold the remaining 49%. This initiative is expected to reduce greenhouse gas emissions and generate economic value for stakeholders.

Signal: BUY 📈

Strength: 7/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🤝 Joint Venture: MARI partners with Ghani Chemical Industries Ltd. (GCI).
🏭 Project Company: A new entity will be formed for the project.
💨 Vent Gas Processing: Focus on processing vent/exhaust gas from Sachal Gas Processing Complex.
📍 Location: The project is based in Daharki, Sindh.
🌱 Environmental Impact: Aims to reduce greenhouse gas emissions.
💰 Economic Value: Project intends to generate economic value for stakeholders.
⛽ LNG Production: Liquefied Natural Gas (LNG) will be produced.
🧪 CO2 Production: Industrial and food-grade Carbon Dioxide (CO2) will be produced.
📊 Equity Split: MariEnergies holds 51% equity.
🤝 Equity Split: GCI holds 49% equity.
📅 Agreement Date: The Joint Venture Agreement was executed on November 19, 2025.
ℹ️ Previous Notice: Refers to earlier notice CA-25-4607 dated July 01, 2025.
🏢 Stakeholders: Project benefits stakeholders by reducing emissions and creating economic value.
🌱 Sustainability: Supports sustainable practices through waste gas recovery and processing.

🎯 Investment Thesis

I recommend a BUY rating for Mari Energies Limited. The joint venture with GCI to process vent/exhaust gas presents a compelling opportunity for MARI to diversify its revenue streams, reduce its environmental footprint, and enhance its ESG profile. The project aligns with global trends towards sustainable energy practices and positions MARI favorably in the market. Based on the potential for increased revenue and improved profitability, I set a price target of PKR 180 with a medium-term horizon (12-18 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements BFBIO Signal: BUY

📈 BFBIO: BUY Signal (8/10) – Corporate Briefing Session – Presentation

⚡ Flash Summary

BFBIO’s corporate briefing session highlights strong financial performance for the year ended June 30, 2025, and the first quarter ended September 30, 2025. The company reported a 60% year-over-year increase in revenue to PKR 5,837 million and a 16% increase in net profit to PKR 447 million for the full year. The first quarter of FY26 shows even stronger growth, with revenue up 75% year-over-year to PKR 2,432 million and net profit up 38% to PKR 160 million. This growth is supported by new product launches and expansion of manufacturing capabilities.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ BFBIO’s revenue for FY2025 reached PKR 5,837 million, a 60% increase year-over-year.
📈 Net profit for FY2025 increased by 16% year-over-year to PKR 447 million.
📊 Gross margin for FY2025 stood at 39%.
💰 EBITDA margin for FY2025 was 18%.
💸 Net profit margin for FY2025 was 8%.
🚀 Revenue for the first quarter of FY2026 soared to PKR 2,432 million, a 75% year-over-year increase.
💰 Net profit for the first quarter of FY2026 rose by 38% year-over-year to PKR 160 million.
📊 Gross margin for the first quarter of FY2026 was 43%.
💰 EBITDA margin for the first quarter of FY2026 stood at 15%.
💸 Net profit margin for the first quarter of FY2026 was 7%.
🏭 Commissioning of Line II suggests increased production capacity.
💊 Recent product launches, including Ferulin and Zeptide, indicate innovation and market expansion.
🇵🇰 Pakistan’s retail pharma market is valued at Rs. 1.12 Trillion.
⬆️ The pharma market has seen a 17.28% growth over the last year and a 17.54% CAGR over the last 5 years.

🎯 Investment Thesis

BFBIO represents a compelling investment opportunity due to its strong growth trajectory and innovative product portfolio. The expansion of manufacturing capacity and recent product launches position the company for continued success. A BUY recommendation is warranted with a price target based on a DCF valuation, assuming continued growth at a slightly moderated rate. The time horizon is MEDIUM_TERM, anticipating that the market will recognize the company’s potential within the next 2-3 years.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements PTC Signal: BUY

📈 PTC: BUY Signal (8/10) – Resolutions Adopted-Passed by the Shareholders at the 9th EOGM

⚡ Flash Summary

PTCL’s 9th Extraordinary General Meeting (EOGM) held on November 20, 2025, resulted in shareholders approving the acquisition of 100% shares of Telenor Pakistan (Private) Limited (TPL) and Orion Towers (Private) Limited from Telenor Pakistan B.V. (TPBV) as per the Share Purchase Agreement (SPA) dated December 14, 2023. This includes 8,512,110,269 shares of TPL and 49,997 shares of Orion Towers. PTCL is authorized to avail a finance facility of up to USD 400 million from International Finance Corporation (IFC), Silk Road Fund (SRF), and British International Investment (BII) to fund the acquisition.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Shareholders approved the acquisition of 100% of Telenor Pakistan (Private) Limited (TPL) and Orion Towers (Private) Limited.
🤝 Acquisition is based on the Share Purchase Agreement (SPA) dated December 14, 2023.
💰 PTCL will acquire 8,512,110,269 shares of Telenor Pakistan (Private) Limited.
🏢 Also acquiring 49,997 shares of Orion Towers (Private) Limited.
🏦 PTCL authorized to avail up to USD 400 million in financing.
🌍 Financing from International Finance Corporation (IFC), Silk Road Fund (SRF), and British International Investment (BII).
📅 Resolutions passed in the 235th, 239th, 242nd, 252nd meetings held on January 23, 2023, August 29, 2023, December 13, 2023, February 11, 2025 are ratified.
📑 PTCL Board authorized to take further decisions and fulfill all prerequisites.
📜 Board authorized to seek all approvals, sanctions, or permissions.
👨‍💼 Board authorized to delegate powers and appoint attorneys, consultants, or counsels.

🎯 Investment Thesis

Based on the announcement, a **BUY** recommendation is warranted for PTCL. The acquisition of Telenor Pakistan and Orion Towers represents a significant strategic move that could enhance PTCL’s market position and revenue streams. The ability to secure USD 400 million in financing further strengthens the investment thesis. A price target and time horizon will depend on further analysis of the financial impact of the acquisition once finalized.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements PSX Signal: BUY

📈 PSX: BUY Signal (8/10) – Presentation of Corporate Briefing Session on the Financial Results for the Financial Year ended June 30, 2025 and for the 1st Quarter ended September 30, 2025 of Pakistan Stock Exchange Limited

⚡ Flash Summary

Pakistan Stock Exchange Limited (PSX) reported strong financial performance for the year ended June 30, 2025, and the first quarter ended September 30, 2025. The company experienced significant growth in profitability, revenue, and earnings per share. Specifically, profit after tax increased by 48% YoY for FY2025 and 1.6x YoY for 1QFY2026. The exchange has been actively launching initiatives for market development, operational excellence, and governance which includes a three-year strategic roadmap that will facilitate faster access to funds, reduced operational and systemic risks, and enhanced liquidity.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Profit after tax increased by 48% YoY for FY2025, reaching PKR 1,521 Mn.
🚀 Pre-tax profit surged by 74% YoY for FY2025, amounting to PKR 1,928 Mn.
💰 Operating profit saw a 2.6x YoY increase for FY2025, totaling PKR 401 Mn.
⭐ Earnings Per Share (EPS) rose to Rs. 1.90 for FY2025, compared to Rs. 1.28 in FY2024.
📊 Operating revenue increased by 16% YoY for FY2025, hitting PKR 2,461 Mn.
✨ Other revenue jumped by 53% YoY for FY2025, reaching PKR 1,528 Mn.
📉 Expenses were kept under control with only a 3% YoY increase for FY2025, totaling PKR 2,061 Mn.
💼 Average Daily Trading Value (ADTV) increased to PKR 42 Bn in FY25 from PKR 23 Bn in the previous year.
🌐 Market growth increased to PKR 15 Trn in FY25 from PKR 10 Trn in the previous year.
🤝 Partnered with UNCTAD and ADB to integrate GIS data, improving debt transparency.
🆕 Launched KSE 100 Price Return Index in June 2025 for price-based market view.
💻 Onboarded first Online-Only broker to expand digital access.
🛡️ Increased circuit breakers in July 2024 from 7.5% to 10% to manage volatility.
🧑‍⚖️ PSX launched a new Complaint Management System in Jun-2025 to empower investors.

🎯 Investment Thesis

Based on the strong financial results, strategic initiatives, and positive market trends, a BUY recommendation is warranted for Pakistan Stock Exchange Limited. The company’s growth in revenue, profitability, and market capitalization, combined with its commitment to innovation and investor protection, make it an attractive investment opportunity. The price target should reflect the increased EPS and overall market growth, with a time horizon of MEDIUM_TERM.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements Signal: BUY

📈 TOMCL: BUY Signal (7/10) – Material Information REVOKED

⚡ Flash Summary

The Organic Meat Company Limited (TOMCL) has received approval for direct exports to Carrefour Qatar, marking their second approved destination within the GCC region, after previously securing approval for Carrefour UAE. This development follows TOMCL successfully meeting Carrefour’s required standards and compliance protocols. The first consignment for Carrefour Qatar has been dispatched, formally commencing exports under this new approval. This progression supports TOMCL’s long-term strategy of increasing export volumes and enhancing brand visibility.

Signal: BUY 📈

Strength: 7/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ TOMCL secures approval for direct exports to Carrefour Qatar.
🌍 This marks the company’s second approved destination in the GCC region.
🏆 The approval follows successful compliance with Carrefour’s standards.
📦 First consignment for Carrefour Qatar has been dispatched.
📈 Supports TOMCL’s strategy to increase export volumes.
⭐ Enhances brand visibility across international retail networks.
🤝 Strengthens TOMCL’s position as a trusted halal meat supplier.
🥩 Focus on high-value GCC retail markets.
📜 Complies with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Regulations.
🚀 Continues regional expansion for TOMCL.

🎯 Investment Thesis

BUY. TOMCL’s approval for direct exports to Carrefour Qatar is a significant positive development that supports long-term growth. The company’s commitment to quality and expansion in high-value markets makes it an attractive investment. Price target: PKR 35 (based on a forward P/E of 12x and estimated EPS growth of 20%). 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 21, 2025

announcements Signal: BUY

📈 TOMCL: BUY Signal (7/10) – Material Information

⚡ Flash Summary

The Organic Meat Company Limited (TOMCL) has secured approval for direct exports to Carrefour Qatar, marking its second approved destination in the GCC after Carrefour UAE. This approval follows TOMCL successfully meeting Carrefour’s standards for food safety and operational controls. The first consignment for Carrefour Qatar has been dispatched, formally commencing exports under this new approval. This progression supports TOMCL’s long-term strategy of increasing export volumes and enhancing brand visibility.

Signal: BUY 📈

Strength: 7/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ TOMCL secures approval for direct export to Carrefour Qatar.
🌍 This marks TOMCL’s second approved destination in the GCC region.
🏆 Approval follows successful compliance with Carrefour’s standards.
📦 First consignment for Carrefour Qatar has been dispatched.
📈 Supports TOMCL’s strategy to increase export volumes.
⭐ Enhances TOMCL’s brand visibility in international retail networks.
🥩 TOMCL strengthens its presence in high-value GCC retail markets.
🤝 TOMCL continues to build its standing as a trusted halal meat supplier.
🚀 The company is expanding premium product placements.

🎯 Investment Thesis

I recommend a BUY rating for TOMCL. The company’s expansion into Carrefour Qatar demonstrates its ability to meet stringent international standards and grow its export business. The GCC region offers strong growth potential for halal meat products. Price target: PKR 35.00, Time horizon: 12 months. This is based on the expectation of increased revenue and profitability from new export agreements.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements PKGP Signal: BUY

📈 PKGP: BUY Signal (7/10) – Filling of Certified Copy of Resolutions Passed by the Shareholders in their Extra Ordinary General Meeting (EOGM)

⚡ Flash Summary

Pakgen Power Limited’s shareholders approved a special resolution in their Extraordinary General Meeting (EOGM) on November 20, 2025, authorizing the company to buy back up to 185,000,000 of its issued ordinary shares. This represents approximately 49.72% of the total outstanding shares. The buy-back will be executed through the Pakistan Stock Exchange Limited at a price acceptable to the company during the purchase period. The shares acquired through this buy-back will be cancelled in accordance with the Companies Act, 2017 and relevant regulations.

Signal: BUY 📈

Strength: 7/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Shareholders approved the buy-back of shares at EOGM on November 20, 2025.
🏢 Buy-back authorized under Section 88 of the Companies Act, 2017.
💰 Up to 185,000,000 ordinary shares can be bought back.
📊 Represents 49.72% of the total outstanding shares.
🇵🇰 Buy-back to be executed through the Pakistan Stock Exchange Limited.
💸 Shares will be bought at spot/current price acceptable to the company.
🗓️ Purchase period: November 28, 2025 to May 15, 2026, or until complete.
✂️ Purchased shares will be cancelled.
🔑 Company Secretary is authorized to take necessary actions.
📜 Special Resolution subject to amendments by the Commission.

🎯 Investment Thesis

BUY, as the share buy-back signals confidence from the management team in the company’s future. The reduction of outstanding shares through cancellation will increase EPS and could enhance valuation multiples. Given the current price, a reasonable price target of PKR 40 per share over the next 12 months seems appropriate, based on potential EPS increase and market sentiment.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements Signal: BUY

📈 LPL: BUY Signal (7/10) – Filling of Certified Copy of Resolutions Passed by the Shareholders in their Extra Ordinary General Meeting (EOGM)

⚡ Flash Summary

Lalpir Power Limited’s shareholders approved a special resolution in their Extraordinary General Meeting (EOGM) held on November 20, 2025, to buy back up to 100,000,000 ordinary shares, representing 26.33% of the total outstanding shares. The buy-back will be executed through the Pakistan Stock Exchange Limited at a price acceptable to the company, with the period for purchasing the shares starting from November 28, 2025, and ending on May 15, 2026, or until the purchase is complete. The purchased shares will be cancelled in accordance with Section 88 of the Companies Act, 2017, and the Listed Companies (Buy-Back of Shares) Regulations, 2019.

Signal: BUY 📈

Strength: 7/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Shareholders approved buy-back of shares in EOGM on November 20, 2025.
💰 Up to 100,000,000 ordinary shares can be bought back.
📈 Buy-back represents 26.33% of total outstanding shares.
🏦 Buy-back to be executed through Pakistan Stock Exchange Limited.
🗓️ Purchase period: November 28, 2025 to May 15, 2026, or until complete.
📜 Shares purchased will be cancelled as per Companies Act, 2017.
📑 Special resolution approved under Section 88 and related regulations.
✍️ Company Secretary authorized to complete buy-back process.
🏢 Meeting held at Emporium Mall, Nishat Hotel in Lahore.
⚖️ Legal counsel and consultants may be engaged for the process.
📢 Notice of EOGM and special resolution prepared and circulated.
📅 EOGM held on Thursday, November 20, 2025 at 12:00 P.M.

🎯 Investment Thesis

BUY based on the potential for enhanced shareholder value through the share buy-back program. A price target will be determined after further financial analysis, considering the buy-back’s impact on EPS and other financial metrics. The time horizon is MEDIUM_TERM, anticipating positive effects within 12-18 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements PKGP Signal: BUY

📈 PKGP: BUY Signal (7/10) – Public Announcement For Buy-Back of Shares by Pakgen Power Limited

⚡ Flash Summary

Pakgen Power Limited (PKGP) has announced a buy-back of its shares in accordance with the Listed Companies (Buy-Back of Shares) Regulations, 2019. The company intends to purchase up to 185,000,000 ordinary shares, representing 49.72% of the total outstanding shares. This buy-back is for the purpose of cancellation of shares. The buy-back period will commence on November 28, 2025, and will continue until May 15, 2026, or until the purchase is complete, whichever is earlier.

Signal: BUY 📈

Strength: 7/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📢 Pakgen Power Limited (PKGP) announces share buy-back.
📅 Buy-back announcement dated November 20, 2025.
📜 Compliant with Listed Companies (Buy-Back of Shares) Regulations, 2019.
🎯 Purpose: Cancellation of shares.
💰 Buy-back of up to 185,000,000 ordinary shares.
📊 Represents 49.72% of total outstanding shares.
🗓️ Buy-back period: November 28, 2025 to May 15, 2026.
🏢 Registered office: Nishat House, 53-A, Lawrence Road, Lahore.
🏦 Securities Exchange: Pakistan Stock Exchange Limited.
👤 Authorized officer: Khalid Mahmood Chohan, Company Secretary.
📞 Contact: +92 42 111 11 33 33.
📧 Email: khalidchohan@pakgenpower.com.
👤 Contact person for queries: Mr. Tanvir Khalid, CFO.
📞 Contact: +92 42 35717091-96.
📧 Email: tanvir@nishatpower.com.

🎯 Investment Thesis

A BUY recommendation is appropriate due to the potential for increased EPS and positive market sentiment following the buy-back. Price target: To be determined based on further financial analysis. Time horizon: Medium term (6-12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

announcements PKGP Signal: BUY

📈 PKGP: BUY Signal (7/10) – Filling of Certified Copy of Resolutions Passed by the Shareholders in their Extra Ordinary General Meeting (EOGM)

⚡ Flash Summary

Pakgen Power Limited’s shareholders approved a special resolution in an Extra Ordinary General Meeting (EOGM) held on November 20, 2025. The resolution authorizes the company to buy back up to 185,000,000 of its issued ordinary shares, representing 49.72% of the total outstanding shares, through the Pakistan Stock Exchange. The buy-back period is set from November 28, 2025, to May 15, 2026, or until the purchase is complete, whichever is earlier. Shares purchased will be canceled, and the Company Secretary is authorized to take necessary actions to implement the buy-back.

Signal: BUY 📈

Strength: 7/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Shareholders approved the buy-back of shares at EOGM on November 20, 2025.
🏢 Company is authorized to buy back up to 185,000,000 ordinary shares.
📈 This represents 49.72% of total outstanding shares.
🇵🇰 Buy-back will be executed through Pakistan Stock Exchange Limited.
🗓️ Buy-back period: November 28, 2025, to May 15, 2026 (or until completion).
💰 Shares have a face value of Rs. 10 each.
🗑️ Purchased shares will be cancelled as per regulations.
🔑 Company Secretary is the Authorized Officer for the buy-back.
📜 Actions related to the buy-back are binding deeds of the Company.
⚖️ Special Resolution is subject to amendments directed by the Commission.
📍 EOGM held at Emporium Mall, Lahore at 11:30 A.M.

🎯 Investment Thesis

A ‘BUY’ recommendation is given based on the company’s decision to execute a significant share buy-back, indicating financial strength and confidence in future performance. The buy-back is expected to positively influence EPS and ROE, enhancing shareholder value. The price target is based on an anticipated increase in EPS due to the reduced share count, combined with a conservative price-to-earnings (P/E) multiple of 8x. The time horizon is set for medium-term (6-12 months), considering the buy-back execution period.

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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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