NEGATIVE - FoxLogica

📉 UDLI: SELL Signal (6/10) – Detail of Interest by an Associated Company

⚡ Flash Summary

On November 07, 2025, UDL International Limited disclosed that First UDL Modaraba Staff Provident Fund, an associated company, sold 27,000 shares of UDL on the Ready market on November 6, 2025. The sale was executed at a rate of PKR 20.47 per share. Following this transaction, the cumulative shareholding of First UDL Modaraba Staff Provident Fund stands at 90,000 shares, representing 0.26% of the total shareholding. This transaction will be presented in the subsequent board meeting.

Signal: SELL 📉

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 Date of Announcement: November 07, 2025
🤝 Associated Company: First UDL Modaraba Staff Provident Fund
📉 Transaction Type: Sale of shares
🔢 Number of Shares Sold: 27,000
💲 Sale Price per Share: PKR 20.47
🗓️ Transaction Date: November 06, 2025
🏦 Market: Ready
📊 Cumulative Shareholding After Transaction: 90,000 shares
📉 Percentage of Shareholding After Transaction: 0.26%
📜 Form of Share Certificates: CDC
🏢 Transaction Presentation: Will be presented in the subsequent board meeting
👤 Company Secretary: Muhammad Faisal Siddiqui

🎯 Investment Thesis

Based on this announcement, a HOLD recommendation is warranted. The sale by an associated company is a slightly negative signal, but the percentage of shareholding is small. It warrants further investigation before making a more decisive move. Price target and time horizon will depend on further developments and the company’s fundamentals.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: SELL UDLI

📉 UDLI: SELL Signal (6/10) – Detail of Interest by an Associated Company

⚡ Flash Summary

Signal: SELL 📉

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 Date of Announcement: November 07, 2025
🤝 Associated Company: First UDL Modaraba Staff Provident Fund
📉 Transaction Type: Sale of shares
🔢 Number of Shares Sold: 27,000
💲 Sale Price per Share: PKR 20.47
🗓️ Transaction Date: November 06, 2025
🏦 Market: Ready
📊 Cumulative Shareholding After Transaction: 90,000 shares
📉 Percentage of Shareholding After Transaction: 0.26%
📜 Form of Share Certificates: CDC
🏢 Transaction Presentation: Will be presented in the subsequent board meeting
👤 Company Secretary: Muhammad Faisal Siddiqui

🎯 Investment Thesis

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MERIT Signal: SELL

📉 MERIT: SELL Signal (7/10) – PRESENTATION-CORPORATE BRIEFING SESSION-MERIT PACKAGING LIMITED

⚡ Flash Summary

Merit Packaging Limited held a corporate briefing session on November 10, 2025. The presentation highlighted the company’s history, customer portfolio, certifications, vision, mission, values, culture, CSR activities, sustainable packaging initiatives, and production facility. Financial performance was also presented, showing a decrease in sales and profitability for the year 2025 compared to 2024, along with a loss per share. The outlook addressed potential global conflict escalations and their impact on international prices.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

Established in 1980, with over 4 decades of experience in packaging 📦.
Customer portfolio includes local and multi-national corporations 🤝.
Certifications include FSSC 22000, ISO 9001, and Halal Certification ✅.
Vision to be a preeminent force in the packaging industry 🎯.
Mission focused on client collaboration and sustainable solutions ♻️.
CSR activities include blood donation and ration distribution 🩸.
Sustainable packaging using FSC-certified board 🌳.
Production capacity exceeds 900 MT per month 🏭.
Sponsor support includes Rs. 1.4 billion injection in FY 2022 💰.
Sales decreased to Rs. 5,280.932 million in 2025 from Rs. 6,638.477 million in 2024 📉.
Gross profit/loss was negative Rs. (28.734) million in 2025 compared to Rs. 458.113 million in 2024 📉.
Operating loss was Rs. (350.305) million in 2025, down from Rs. 248.569 million in 2024 📉.
Loss per share was (Rs. 3.00) in 2025 📉.
EBITDA dropped to (117) in 2025, compared to 485 in 2024 📉.
Global conflict escalations impacting international prices is identified as a risk ⚠️.

🎯 Investment Thesis

Given the considerable decline in financial performance and the negative outlook, a SELL recommendation is warranted. The significant decrease in revenue and the transition to a net loss indicate substantial challenges. The company’s ability to recover profitability is uncertain. Also global conflict escalations are impacting international prices, this poses threat to earnings and potentially increases costs.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements PRL Signal: HOLD

⏸️ PRL: HOLD Signal (6/10) – Presentation on Corporate Briefing Session

⚡ Flash Summary

Pakistan Refinery Limited (PRL) reported a loss after tax of Rs. 4.66 billion for the year ended June 30, 2025, a significant downturn compared to a profit of Rs. 4.06 billion in the previous year. This decline is attributed primarily to depressed refining margins, which resulted in a decrease in gross profits by Rs. 13 billion. Revenue saw a slight increase to Rs. 310.35 billion from Rs. 305.54 billion. The company achieved record annual production for HSD and MS, despite facing financial headwinds. The company successfully completed the Front End Engineering Design (FEED) for Refinery Expansion and Upgrade Project (REUP) and is currently evaluating EPC-F bids.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 PRL reported a loss after tax of Rs. 4.66 billion for FY25, compared to a profit of Rs. 4.06 billion in FY24.
💰 Gross profit decreased significantly by Rs. 13 billion due to depressed refining margins.
⬆️ Revenue increased slightly to Rs. 310.35 billion from Rs. 305.54 billion year-over-year.
⛽ Highest ever annual production of HSD: 796,261 MT (6.16 million barrels).
⛽ Highest ever average daily production of HSD: 2,243 MT (17,356 barrels).
📅 Highest ever monthly sales during November-2024: 84,370 MT (0.65 million barrels) for HSD.
⛽ Highest ever annual production of MS: 295,553 MT (2.64 million barrels).
⛽ Highest ever average daily production of MS: 833 MT (7,447 barrels).
✅ Successfully completed Front End Engineering Design (FEED) of REUP in Q2 2024-25.
🚧 Evaluating EPC-F bids from prospective contractors for the Refinery Expansion and Upgrade Project (REUP).
⚠️ Loss / earnings per share decreased to (Rs. 7.40) from Rs. 6.45.
⬇️ Net Equity decreased from Rs. 29.6 billion to Rs. 26.6 billion, a 10.1% decrease.
⬆️ Total crude intake increased to 1,706,356 MT from 1,481,625 MT.
✅ During Q1 2025 (ended September 30, 2025) the company generated profit of Rs. 1.016 billion compared to loss of Rs. 2.35 billion in the same quarter last year.

🎯 Investment Thesis

Based on the current financial performance, I recommend a HOLD rating. While the company has made progress on operational efficiency and refinery upgrades, the near-term outlook is uncertain due to continued pressure on refining margins. A price target cannot be given due to high volatitlity.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements NPL Signal: SELL

📉 NPL: SELL Signal (8/10) – Financial Results for the 1st Quarter ended September 30, 2025

⚡ Flash Summary

Nishat Power Limited’s Q1 2026 financial results reveal a significant decline in revenue and profitability compared to the same period last year. Revenue decreased substantially, leading to a sharp drop in gross profit and profit after taxation. The decrease in earnings per share reflects the decline in profitability. While other income remained relatively stable, administrative expenses saw a minor increase. The company did not declare any cash dividend, bonus shares, or right shares for the quarter.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue from contracts with customers decreased by 38.8% YoY, from PKR 2,731.3 million to PKR 1,672.1 million.
💰 Cost of sales decreased by 3% YoY, from PKR 1,320.4 million to PKR 1,281.5 million.
📉 Gross profit decreased by 72.3% YoY, from PKR 1,410.9 million to PKR 390.6 million.
🏢 Administrative expenses increased by 4.7% YoY, from PKR 123.5 million to PKR 129.3 million.
⬆️ Other income decreased by 1.9% YoY, from PKR 444.3 million to PKR 435.9 million.
📉 Profit from operations decreased by 59.7% YoY, from PKR 1,731.6 million to PKR 697.2 million.
📉 Finance cost increased by 29.7% YoY, from PKR 5.4 million to PKR 7.0 million.
📉 Profit before levy and taxation decreased by 60.0% YoY, from PKR 1,726.2 million to PKR 690.2 million.
💸 Levy expenses decreased by 99.1% YoY, from PKR 55.8 million to PKR 0.5 million.
📉 Profit before taxation decreased by 58.7% YoY, from PKR 1,670.4 million to PKR 689.7 million.
📉 Taxation expenses increased significantly from PKR 18.4 million to PKR 105.4 million.
📉 Profit after taxation decreased by 64.6% YoY, from PKR 1,652.0 million to PKR 584.3 million.
📉 Earnings per share (EPS) decreased by 64.7% YoY, from PKR 4.67 to PKR 1.65.
🚫 No cash dividend, bonus shares, or right shares were declared.

🎯 Investment Thesis

Given the significant decline in revenue, profitability, and EPS, a SELL recommendation is warranted for Nishat Power Limited. The company’s financial performance indicates substantial challenges in its operational environment, and the lack of dividend declaration further diminishes its attractiveness to investors. The price target should be revised downwards to reflect the deteriorating financial outlook, with a short-term time horizon to account for potential further declines. More valuation is needed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements AWT-FUNDS Signal: SELL

📉 AWT-FUNDS: SELL Signal (8/10) – Financial Results for the quarter ended September 30, 2025

⚡ Flash Summary

The AWT Income Fund reports its financials for the quarter ended September 30, 2025. Net assets decreased from 1,908,100,000 to 1,805,105,000. The net income for the period after taxation decreased from 102,620,000 to 44,588,000. The number of units in issue also saw a decrease from 17,238,982 to 15,924,772.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net assets decreased by 5.4% from June 30, 2025, to September 30, 2025.
💰 Total assets decreased from PKR 2,008,461,000 to PKR 1,856,418,000.
📉 Total liabilities decreased significantly from PKR 100,361,000 to PKR 51,313,000.
💸 Net income for the quarter decreased substantially from PKR 102,620,000 to PKR 44,588,000.
📉 Earnings per unit decreased, reflecting lower profitability.
📉 Number of units in issue decreased from 17,238,982 to 15,924,772.
🔻 Net assets value per unit increased slightly from PKR 110.6851 to PKR 113.3520.
⬇️ Cash and cash equivalents decreased from PKR 375,491,000 to PKR 250,401,000.
📉 Mark-up income decreased from PKR 84,228,000 to PKR 52,250,000.
⬇️ Total income decreased from PKR 111,339,000 to PKR 51,595,000.
📈 Expenses decreased slightly from PKR 8,719,000 to PKR 7,007,000.

🎯 Investment Thesis

Based on the financial results for the quarter ended September 30, 2025, a SELL recommendation is warranted for AWT Income Fund. The significant decrease in net income, assets, and earnings per unit indicates a weakening financial position. The price target rationale is based on the expectation of continued underperformance given the current trends. The time horizon for this recommendation is medium-term, as the fund may take some time to stabilize or improve its performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements BAFL Signal: HOLD

⏸️ BAFL: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Bank Alfalah’s unaudited condensed interim financial statements for the period ended September 30, 2025, reveal a profit after tax (PAT) of PKR 21.44 billion, resulting in earnings per share (EPS) of PKR 13.59. While revenue saw a YoY increase of 4.9%, reaching PKR 136.70 billion, profitability faced headwinds from declining benchmark rates and higher remittance-related promotional expenses. However, growth in average deposits and an improved current account (CA) mix offered some support, showcasing the bank’s efforts to balance challenges and opportunities.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 PAT decreased to PKR 21.44 billion, impacted by declining benchmark rates.
📉 EPS declined to PKR 13.59 due to higher tax rates.
⬆️ Total revenue increased by 4.9% YoY to PKR 136.70 billion.
➕ Net Markup income grew by 4.5%, driven by cost of funds optimization.
⚠️ Fee and Commission Income decreased by 13.5% due to pricing pressures.
🏦 Customer deposits reached PKR 2.17 trillion, focus on current accounts.
📈 Gross advances increased by 23.9% YoY.
✔️ Infection ratio maintained at 4.0% through strong underwriting.
✅ Non-performing loans fully covered with a coverage ratio of 110.2%.
🛡️ CAR remained adequately capitalized at 17.94%.
💸 Interim cash dividend declared at PKR 2.50 per share (25%), a total of PKR 7.50 per share YTD.
⭐ Entity rating reaffirmed at ‘AAA’ (long-term) and ‘A1+’ (short-term) by PACRA.
📊 KSE-100 reached an all-time high of 165,494 points due to economic stability.
🌍 Pakistan’s credit rating upgraded to Caal from Caa2 by Moody’s
🌧️ Floods impacted Punjab and Northern areas, potentially affecting GDP growth and inflation.

🎯 Investment Thesis

Based on current results, a HOLD recommendation is warranted, as the announcement reflects both challenges and opportunities. The decline in profitability necessitates caution, although strong asset growth and capital position are positive. A price target can’t be accurately determined without a full assessment of market conditions, projected earnings and risk factors. Time horizon is medium term. More information about the bank’s outlook will be essential.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

Market News Signal: Negative

⚖️ Market News: News Analysis – 2025-10-27 (2025-10-27)

📊 Market Impact Analysis

Saudi, Kuwaiti investors serve $2bn legal notice in K-Electric dispute. Negative for K-Electric.

🏭 Affected Sectors

Power

🏢 Companies in Focus

Mentioned in News: KE

Potentially Affected: KE

Disclaimer: AI-generated from public news. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: SELL TPLP

📉 TPLP: SELL Signal (7/10) – 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

On October 22, 2025, TPL Properties Limited disclosed a transaction executed by a substantial shareholder, TPL Corp Limited. On October 14, 2025, TPL Corp Limited sold 1,650,200 shares at a rate of PKR 11.88 per share. The transaction was executed in the ready market through CDS. Following this transaction, TPL Corp Limited’s cumulative shareholding stands at 190,684,802 shares, representing 33.98% of the company.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 TPL Corp Limited sold 1,650,200 shares of TPL Properties.
📅 The transaction occurred on October 14, 2025.
💰 The sale price was PKR 11.88 per share.
🏢 The transaction was executed by a substantial shareholder.
📊 The form of shares was CDS (Central Depository System).
🚦 The market for the transaction was ‘Ready’.
🎯 Post-transaction, TPL Corp Limited holds 190,684,802 shares.
⚖️ This represents 33.98% of TPL Properties Limited.
📢 The disclosure was made on October 22, 2025.
📜 The disclosure is in accordance with PSX Regulations 5.6.4.
board_meeting
compliance_check
regulations_psx
exchange_confirmation

🎯 Investment Thesis

SELL. The sale of a significant number of shares by a substantial shareholder raises concerns about the shareholder’s confidence in the company’s future prospects. The potential downward pressure on the stock price, coupled with the lack of additional information about the shareholder’s motivations, suggests a sell recommendation. Price Target: 10.00 PKR. Time Horizon: 3-6 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements KOHE Signal: SELL

📉 KOHE: SELL Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Kohinoor Energy Limited’s financial results for the quarter ended September 30, 2025, reveal a significant decline in sales and profitability compared to the same period last year. Sales decreased from PKR 1,462.57 million to PKR 798.47 million, leading to a substantial reduction in profit after tax, which fell from PKR 313.73 million to PKR 139.51 million. The company reported no cash dividend, bonus shares, or right shares for the quarter. The decrease in profitability is also reflected in the earnings per share, which dropped from PKR 1.85 to PKR 0.82.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales plummeted to PKR 798.47 million from PKR 1,462.57 million YoY.
⚠️ Cost of sales decreased to PKR 575.70 million from PKR 961.95 million YoY.
😔 Gross profit decreased to PKR 222.77 million from PKR 500.62 million YoY.
🏢 Administrative expenses decreased to PKR 70.50 million from PKR 88.13 million YoY.
😟 Operating profit decreased significantly to PKR 152.27 million from PKR 412.49 million YoY.
💰 Finance costs decreased substantially to PKR 15.19 million from PKR 110.73 million YoY.
📉 Profit before levy and taxation decreased to PKR 140.50 million from PKR 317.94 million YoY.
💸 Profit after tax decreased to PKR 139.51 million from PKR 313.73 million YoY.
📉 Earnings per share (EPS) decreased to PKR 0.82 from PKR 1.85 YoY.
🚫 No cash dividend was announced for the quarter.
📊 Total equity increased slightly to PKR 4,204.09 million from PKR 4,064.58 million since June 2025.
💸 Cash and bank balances decreased to PKR 26.05 million from PKR 76.56 million since June 2025.
⚠️ Short term finances decreased from PKR 1,050.50 million in June 2025 to PKR 437.21 million.
❌ No bonus or right shares were announced.

🎯 Investment Thesis

Given the significant decrease in sales and profitability, coupled with potential liquidity concerns, a SELL recommendation is warranted for Kohinoor Energy Limited. The company’s earnings have deteriorated significantly, making it a less attractive investment compared to its peers. A conservative price target of PKR 20 is set, based on a reduced P/E multiple reflecting the decreased EPS. This recommendation has a short-term time horizon (3-6 months), anticipating further negative news or lack of improvement in operational performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

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