NEGATIVE

📉 WAFI: SELL Signal (7/10) – FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

WAFI Energy Pakistan Limited’s financial results for the quarter and nine months ended September 30, 2025, reveal a mixed performance. A cash dividend of Rs. 3 per share (30%) was declared, which seems to be the only positive highlight in an otherwise lackluster report. There were no bonus or right shares issued. Key areas of concern include declining profitability and some balance sheet fluctuations that need further scrutiny to determine the company’s financial health.

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

📌 Key Takeaways

  • 💰 Cash dividend declared: Rs. 3 per share, equating to a 30% payout.
  • ❌ No bonus shares: NIL bonus shares issued for the period.
  • 🚫 No right shares: NIL right shares offered to shareholders.
  • 📉 Net revenue decreased: From PKR 321.99 billion (2024) to PKR 342.97 billion (2025).
  • 📉 Profit before tax declined: Decreased from PKR 3.55 billion (2024) to PKR 6.25 billion (2025).
  • 📉 Profit after tax declined: Decreased from PKR 723.82 million to PKR 3.03 billion.
  • 📉 EPS increased: From PKR 3.38 (2024) to PKR 14.16 (2025).
  • ⚠️ Stock-in-trade decreased: From PKR 45.62 billion to PKR 39.97 billion, potentially indicating slower sales.
  • ⬆️ Trade debts increased: From PKR 7.73 billion to PKR 9.76 billion, suggesting potential issues with collections.
  • ⬇️ Short-term investments decreased: Significantly decreased from PKR 10.69 billion to PKR 4.00 billion.
  • ⬆️ Bank balances increased: Increased from PKR 4.70 billion to PKR 14.81 billion.
  • ⚠️ Long-term provisions decreased: Decreased from PKR 3.74 billion to PKR 2.40 billion.
  • ⬆️ Long-term lease liabilities increased: From PKR 6.84 billion to PKR 11.20 billion, indicating increased financial leverage.
  • ⚠️ Trade and other payables remained largely flat: Showing only a slight decrease from PKR 73.90 billion to PKR 73.35 billion.

🎯 Investment Thesis

Based on the current financials, a SELL recommendation is warranted. The declining profitability and concerning balance sheet trends outweigh the positive dividend announcement. Without a clear turnaround strategy or significant improvement in financial performance, WAFI Energy appears to be a risky investment. Price target: 40, time horizon: 6 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📉 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

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

⚡ Flash Summary

Nishat Chunian Power Limited (NCPL) reported its financial results for the first quarter ended September 30, 2025. The company’s revenue experienced a significant decrease compared to the same period last year. Profitability also declined substantially, impacting the earnings per share. No cash dividend, bonus shares, or right shares were announced. The financial statements are unaudited.

Signal: SELL 📉
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

📌 Key Takeaways

  • 📉 Revenue decreased to PKR 1,366.57 million from PKR 2,077.20 million in Q1 2024.
  • ⚠️ Gross profit declined significantly to PKR 435.73 million from PKR 1,382.64 million.
  • 😔 Profit after taxation decreased sharply to PKR 552.15 million from PKR 1,465.71 million.
  • 💸 Earnings per share (EPS) dropped to PKR 1.50 from PKR 3.99.
  • ❌ No cash dividend was announced for the quarter.
  • 🚫 No bonus shares were declared.
  • 🙅 No right shares were offered.
  • 🤔 Administrative expenses increased to PKR 98.67 million from PKR 66.76 million.
  • ⚠️ Other expenses decreased to PKR 5.63 million from PKR 66.71 million.
  • 👍 Other income increased to PKR 290.88 million from PKR 239.14 million.
  • 💰 Finance cost increased to PKR 1.55 million from PKR 0.90 million.
  • 🏦 Cash and cash equivalents decreased to PKR -960.92 million from PKR 175.72 million.
  • 📉 Total Equity decreased from PKR 23,227.02 million to PKR 23,779.17 million.

🎯 Investment Thesis

Given the significant decline in revenue and profitability, SELL NCPL. The negative cash flow position and lack of dividend announcement further weaken the investment case. Price target: PKR 20, Time horizon: SHORT_TERM

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ FPRM: HOLD Signal (5/10) – Financial Results for the First Quarter Ended 30 Sep 2025

⚡ Flash Summary

First Paramount Modaraba (FPM) reported its unaudited financial results for the quarter ended September 30, 2025. The company’s profit after taxation decreased slightly to PKR 6.23 million compared to PKR 6.33 million in the same period last year. Earnings per certificate also saw a minor decrease from PKR 0.46 to PKR 0.45. No cash dividend, bonus, or right shares were declared for the period.

Signal: HOLD ⏸️
Strength: 5/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

📌 Key Takeaways

  • 📉 Profit after taxation decreased slightly to PKR 6.23 million from PKR 6.33 million year-over-year.
  • 📉 Earnings per certificate declined to PKR 0.45 from PKR 0.46 in the prior year.
  • ❌ No cash dividend was declared for the quarter ended September 30, 2025.
  • ❌ No bonus shares were announced.
  • ❌ No right shares were offered to certificate holders.
  • 💰 Operating income decreased marginally to PKR 141.71 million from PKR 143.29 million year-over-year.
  • 💸 Financial charges decreased from PKR 5.65 million to PKR 4.12 million YoY.
  • 📊 Total Equity and Liabilities increased to PKR 523.76 million from PKR 509.28 million since June 30, 2025.
  • 💵 Cash and bank balances increased to PKR 18.80 million from PKR 18.21 million since June 30, 2025.
  • 📜 The company’s authorized certificate capital remains at PKR 400 million.

🎯 Investment Thesis

HOLD. Given the slight decrease in profitability and no dividend announcement, a HOLD recommendation is appropriate. The company’s overall financial position remains relatively stable, but investors should monitor future performance closely. Further analysis and comparison with sector peers are needed to make a more definitive investment decision.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📉 KHYT: SELL Signal (7/10) – Transmission of Quarterly Report for the Period Ended 2025-09-30

⚡ Flash Summary

KHYT (Khyber Textile Mills Limited) reported its unaudited financial results for the quarter ended September 30, 2025. The company continues to face challenges in resuming textile production due to ongoing banking litigation and credit restrictions. Despite these challenges, KHYT is focusing on its agricultural business and renting out vacant buildings to generate revenue. The company reported a comprehensive loss for the quarter and negative earnings per share.

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

📌 Key Takeaways

  • ❌ Textile production remains halted due to credit constraints from ongoing banking litigation.
  • 🌾 Revenue generated from agricultural business and renting vacant buildings.
  • 📉 Comprehensive loss of PKR (4,676,717) for the quarter ended September 30, 2025, compared to a loss of PKR (3,955,884) in the same period last year.
  • 📉 Basic and diluted earnings per share (EPS) is negative at PKR (3.81), compared to PKR (3.22) for the same quarter last year.
  • 🏦 Ongoing banking litigation restricts access to credit facilities, hindering the modernization and replacement of equipment.
  • 🚜 Vacant land repurposed for agricultural livestock business, including cattle rearing and sale.
  • 🏢 Management continues to rent out vacant buildings and warehouses to generate additional income.
  • 💰 Loan from Director remained constant at PKR 16,500,757 as of September 30, 2025 and June 30, 2025.
  • 💸 Short-term loan from director decreased from PKR 5,559,718 to PKR 5,409,718.
  • 📉 Cash and Bank Balances decreased from PKR 17,050,510 to PKR 13,618,402.
  • 🏢 Property, Plant and Equipment decreased slightly from PKR 1,280,756,896 to PKR 1,279,060,574.
  • 🚫 Sales revenue remained at zero.

🎯 Investment Thesis

Given the company’s current financial state, ongoing litigation, and halted textile production, a SELL recommendation is warranted. The company lacks a clear path to profitability and faces significant headwinds. A price target is not applicable given the lack of revenue and uncertain future. The time horizon is short-term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ GWLC: HOLD Signal (5/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Gharibwal Cement Limited (GWLC) reported a 14% increase in net sales revenue, reaching Rs. 4.915 billion for the quarter ended September 30, 2025, driven by a 23% increase in cement dispatches. However, the retention price declined by 8%, partially offsetting the volume gains. Gross profitability declined by 44% due to planned kiln shutdowns and under-absorption of overheads. Net profit after tax decreased to Rs. 277 million, with earnings per share at Rs. 0.69.

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

📌 Key Takeaways

  • Cement dispatches increased by 23% year-on-year to 317,363 tons. 🚚
  • Net sales revenue increased by 14% to Rs. 4.915 billion. 💰
  • Retention price declined by 8%, impacting revenue growth. 📉
  • Gross profitability decreased by 44% due to kiln shutdowns. 🏭
  • EBITDA reached Rs. 716 million. 💪
  • Net profit after tax stood at Rs. 277 million. 💸
  • Earnings per share (EPS) were Rs. 0.69. 🧾
  • Current ratio is 2.48, indicating strong liquidity. 💧
  • Successful transition to Microsoft Dynamics 365 ERP system. 💻
  • Kiln remained under planned shutdown due to clinker inventory. ⚙️
  • Company maintains commitment to operational excellence and cost leadership. 🥇
  • Board confident in delivering sustainable growth and improved profitability. 🌱
  • Interim dividend of 5% (PKR 0.50 per share) approved. 🎁
  • Finance income increased from 75.145 million to 84.493 million. 📈

🎯 Investment Thesis

HOLD. While the company has demonstrated revenue growth, the significant decline in profitability and EPS raises concerns. The successful ERP implementation is a positive sign, but it’s not enough to outweigh the negative financial performance. A price target requires further analysis and sector comparison. Monitor future quarters for improved profitability.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

📉 KOHE: SELL Signal (7/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Kohinoor Energy Limited (KOHE) reported significantly lower sales revenue of Rs. 798 million for the quarter ended September 30, 2025, compared to Rs. 1,463 million in the same period last year. This decline is attributed to reduced electricity dispatches, with the plant operating at a 4.80% capacity factor versus 8.30% last year. Net profit after tax also decreased to Rs. 140 million (EPS of Rs. 0.82) from Rs. 314 million (EPS of Rs. 1.85) in the prior year. Despite the lower financial performance, auxiliary equipment remains in good operational condition.

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

📌 Key Takeaways

  • 📉 Sales revenue decreased significantly to Rs. 798 million from Rs. 1,463 million year-over-year.
  • ⚡️ Electricity dispatches were lower due to a reduced capacity factor of 4.80% compared to 8.30% last year.
  • 💡 Plant delivered 13,150 MWH of electricity to CPPA-G, down from 22,716 MWH in the same quarter last year.
  • 💰 Net profit after tax fell to Rs. 140 million from Rs. 314 million year-over-year.
  • 💸 Earnings Per Share (EPS) decreased to Rs. 0.82 from Rs. 1.85 in the corresponding quarter of the previous year.
  • 🛠️ Auxiliary equipment remains in sound operational condition.
  • 🏦 Status of sales tax demand from the Revenue Department remains unchanged.
  • 🤝 Board expressed appreciation to stakeholders, including CPPA-G and PSO.
  • 📜 Power Purchase Agreement (PPA) with CPPA-G has been extended to November 27, 2027.
  • 🏢 Company operates a 124 MW furnace oil-fired power plant.
  • 📜 Legal status is a public limited company listed on the Pakistan Stock Exchange.
  • ✔️ The company’s wholly owned subsidiary is KEL Power Solutions (Pvt) Limited

🎯 Investment Thesis

Based on the substantial decline in revenue and profitability, a SELL recommendation is warranted. The reduced capacity utilization and subsequent drop in earnings raise concerns about the company’s near-term prospects. A price target will be set after additional due diligence. Time horizon: Medium-term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ GRYL: HOLD Signal (5/10) – Transmission of quarterly financial statements for the period ended 30-09-2025

⚡ Flash Summary

Grays Leasing Limited (GRYL) reported a significant decrease in business transactions for the period ended September 30, 2025, with Rupees 4.790 million compared to Rupees 12.775 million in the same period of 2024. Profit before and after tax also declined to Rupees 1.631 million and Rupees 1.341 million, respectively, from Rupees 2.865 million and Rupees 2.378 million in 2024. Net investment decreased slightly to Rupees 431.463 million, and the company’s equity stood at Rupees 77.925 million. The reduction in KIBOR rates and government policies on used car imports present potential growth opportunities, although challenges remain due to limited awareness and geographic presence.

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

📌 Key Takeaways

  • 📉 Business volume decreased significantly from ₹12.775 million to ₹4.790 million.
  • ⚠️ Profit before tax declined from ₹2.865 million to ₹1.631 million.
  • ⚠️ Profit after tax decreased from ₹2.378 million to ₹1.341 million.
  • 📉 Net investment in lease finance slightly decreased to ₹431.463 million.
  • ✅ Equity stands at ₹77.925 million.
  • 📉 KIBOR rate reduced from 22% to 11-12%, making financing more attractive.💰
  • 🚗 Government policy allows import of used cars, potentially increasing leasing demand.📈
  • 🏦 Banking sector restrictions on vehicle financing (max ₹3 million) could boost leasing demand.🏦
  • 🚧 Limited awareness of NBFCs among SMEs remains a challenge.
  • 🌍 Narrow geographic presence of leasing companies is still a hurdle.📍
  • 📊 Profit per share decreased from ₹0.111 to ₹0.062.📉
  • 🤝 Thanked clients and appreciated employees’ efforts.🙌
  • 🏢 Registered office is in Lahore.📍
  • 🏦 Bankers include Meezan Bank Limited and The Bank of Punjab.🏦

🎯 Investment Thesis

Given the decline in financial performance and the mixed outlook with potential growth opportunities offset by existing challenges, a HOLD recommendation is appropriate. The company needs to demonstrate improved operational efficiency and capitalize on the changing regulatory environment before a more positive outlook can be justified. A price target cannot be accurately set without a detailed valuation model and further information. Time horizon is MEDIUM_TERM, pending signs of turnaround.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ OML: HOLD Signal (5/10) – Transmission of Quarterly Report for the Period Ended 30 September 2025

⚡ Flash Summary

Olympia Mills Limited reported unaudited results for the three months ended September 30, 2025. The company achieved a net profit after tax of Rs. 6.780 million, compared to Rs. 8.548 million in the same period last year, a decrease of roughly 21%. Revenue increased by Rs 22.558 million, primarily due to higher income from amenities and utilities provided to tenants. Despite a challenging economic environment with high inflation and energy prices, the company managed to remain profitable.

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

📌 Key Takeaways

  • 📉 Net profit after tax decreased to Rs. 6.780 million in Q3 2025 from Rs. 8.548 million in Q3 2024.
  • ⬆️ Revenue increased by Rs. 22.558 million due to higher income from amenities and utilities provided to tenants.
  • 💼 Basic and diluted earnings per share decreased to Rs. 0.565 from Rs. 0.712 year-over-year.
  • 💰 Gross profit slightly decreased to Rs. 17.395 million from Rs. 17.572 million year-over-year.
  • ⚠️ Operating profit decreased to Rs. 12.531 million from Rs. 14.284 million year-over-year.
  • 🏦 Finance costs decreased to Rs. 874,632 from Rs. 1.047 million year-over-year.
  • 💸 Profit before taxation decreased to Rs. 11.656 million from Rs. 13.237 million year-over-year.
  • 🏢 Administrative & general expenses increased to Rs. (5.248) million from Rs. (4.329) million year-over-year.
  • 📈 Other income decreased to Rs. 603,910 from Rs. 1.332 million year-over-year.
  • ⬇️ Direct operating expenses increased significantly to Rs. (34.586) million from Rs. (11.851) million year-over-year.
  • 🚧 The company’s current liabilities exceeded its current assets by Rs 341.966 million, indicating potential liquidity concerns.

🎯 Investment Thesis

Given the decreased profitability, liquidity concerns, and increase in operating expenses, a HOLD recommendation is appropriate. Further financial analysis and a detailed understanding of the company’s future prospects, including sector dynamics and competitive positioning, are needed before considering a BUY. Price target needs to be re-assessed lower than previous target. Recommendation time horizon: MEDIUM_TERM.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ FABL: HOLD Signal (5/10) – Transmission of Quarterly Report for the Third Quarter ended September 30, 2025

⚡ Flash Summary

Faysal Bank Limited (FABL) reported its unaudited financial results for the third quarter ended September 30, 2025. The bank’s profit before tax decreased by 15.3% to PKR 32.8 billion, while profit after tax declined by 24.0% to PKR 15.0 billion. Earnings per share (EPS) also decreased by 24.0%, from PKR 13.02 to PKR 9.89. The bank’s total assets increased by 8.1% to PKR 1,688.7 billion, driven by strong deposit mobilization, with total deposits increasing by 22.1% to PKR 1.3 trillion.

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

📌 Key Takeaways

  • Total revenue decreased by 3.1% YoY to PKR 70.2 billion due to lower policy rates and the introduction of Minimum Deposit Rate (MDR). 📉
  • Non-fund income grew strongly by 47.2% to PKR 18.1 billion, driven by fee income (+26.1%) and foreign exchange income (+71.1%). ⬆️
  • The net gain on securities witnessed a jump of 219.7% compared to the same period last year. 🚀
  • Total expenses increased by 18.6% YoY due to inflation and expanded branch network. ⬆️
  • Net reversal of provisions of PKR 4.2 billion compared to PKR 1.4 billion in September 2024. ↩️
  • NPL ratio improved to 2.9% compared to 3.6% as of Dec’24, and the total coverage ratio stands at 96.8%. ✅
  • Total assets reached PKR 1.7 trillion, driven by strong deposit mobilization. ⬆️
  • Current Accounts grew 29.4% over December 2024, reaching PKR 528 billion. ⬆️
  • Total deposits increased by 22.1% to PKR 1.3 trillion. ⬆️
  • Current Account (CA) mix improved to 41.4% from 39.1% in December 2024, and CASA ratio improved to 87.0% from 85.5%. ⬆️
  • Net financing increased by 14.5% to PKR 726 billion, but ADR moderated to 56.9% from 60.7% in December 2024. ⬆️, ⬇️
  • Investments increased by 3.9% to PKR 704 billion. ⬆️
  • Interim cash dividend of Rs 1.50 per share (15%) declared, bringing the total dividend for the period to Rs 4.50 (same as 2024). 💰

🎯 Investment Thesis

Given the reduced profitability and the challenging macroeconomic environment, I recommend a HOLD rating for Faysal Bank. While the bank has shown resilience in deposit mobilization and asset quality, the decline in earnings and increasing tax rate are concerning. A further understanding of strategic initiatives by the management and their impact is needed.

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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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