NEGATIVE

πŸ“‰ 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 πŸ“‰
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

πŸ“Œ Key Takeaways

  • πŸ“‰ Net assets decreased by 5.4% from June 30, 2025, to September 30, 2025.
  • πŸ’° Total assets decreased from PKR 2,008,461,000 to PKR 1,856,418,000.
  • πŸ“‰ Total liabilities decreased significantly from PKR 100,361,000 to PKR 51,313,000.
  • πŸ’Έ Net income for the quarter decreased substantially from PKR 102,620,000 to PKR 44,588,000.
  • πŸ“‰ Earnings per unit decreased, reflecting lower profitability.
  • πŸ“‰ Number of units in issue decreased from 17,238,982 to 15,924,772.
  • πŸ”» 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.
  • πŸ“‰ 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.
  • πŸ“ˆ 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

⏸️ OLPL: HOLD Signal (6/10) – Financial Results for the Quarter Ended September 30, 2025

⚑ Flash Summary

OLP Financial Services Pakistan Limited announced its Q1 2025 financial results, revealing a mixed performance. While revenue increased, profitability declined due to higher expenses and provisions. The company’s balance sheet shows a healthy asset base, but cash flow from operations was negative. Despite challenges, OLP remains a key player in Pakistan’s financial sector.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

πŸ“Œ Key Takeaways

  • πŸ“ˆ Total assets increased slightly from Rs 43.95 billion to Rs 44.94 billion.
  • πŸ“‰ Revenue increased to Rs 1.57 billion, up from Rs 1.89 billion in Q1 2024.
  • ⚠️ Profit before income taxes and levy decreased from Rs 574.29 million to Rs 517.65 million.
  • πŸ“‰ Earnings per share (EPS) decreased from Rs 1.81 to Rs 1.64.
  • ⚠️ Finance costs increased substantially from Rs 824.85 million to Rs 1.22 billion.
  • ❗️Cash flow from operating activities was negative at Rs (477.61) million, compared to negative Rs (581.44) million
  • βœ… Investments in finance leases decreased from Rs 1.19 billion to Rs (118.10) million.
  • ❗️Administrative and general expenses decreased from Rs 459.85 million to Rs 490.56 million.
  • βœ… Long-term finances increased from Rs 11.65 billion to Rs 11.64 billion.
  • βœ… Short-term investments decreased from Rs 2.34 billion to Rs 2.15 billion.
  • ❗️Total equity attributable to equity holders of the Holding Company increased from Rs 10.92 billion to Rs 11.20 billion.
  • ⚠️ Non-current liabilities increased from Rs 13.52 billion to Rs 14.12 billion.

🎯 Investment Thesis

Given the mixed financial performance, declining profitability, and negative cash flow, a HOLD recommendation is appropriate. While the company has a strong asset base, the current financial trends raise concerns about future performance. A price target of Rs 1.75 based on current EPS and a price-to-earnings multiple of 1.0 is suggested. The time horizon is medium-term (6-12 months), pending improvements in financial performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

πŸ“‰ LPL: SELL Signal (8/10) – TRANSMISSION OF QUARTERLY REPORT FOR THE PERIOD ENDED 30-09-2025

⚑ Flash Summary

Lalpir Power Limited (LPL) reported a significant after-tax loss of PKR 829.583 million for the quarter ended September 30, 2025, a stark contrast to the profit of PKR 4,734.916 million in the same period last year. This decline is primarily attributed to the termination of the Power Purchase Agreement (PPA) and subsequent cost reduction measures undertaken by the company, including voluntary severance schemes. Despite the loss, LPL maintains a strong financial position with substantial investments in mutual funds and savings accounts, totaling PKR 11,286 million as of September 30, 2025. The company is exploring new avenues for income generation, including participation in the Competitive Trading Bilateral Contracts Market (CTBCM).

Signal: SELL πŸ“‰
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

πŸ“Œ Key Takeaways

  • πŸ“‰ After-tax loss of PKR 829.583 million for Q3 2025, a major drop from last year.
  • ❌ Loss per share of PKR 2.18 compared to earnings per share of PKR 12.47 last year.
  • ⚑ Revenue significantly decreased due to the PPA termination.
  • πŸ’° Company holds PKR 11,286 million in investments and saving accounts.
  • πŸ’ͺ Financial position considered sound despite the PPA termination.
  • 🀝 Exploring CTBCM for future electricity sales.
  • πŸ’Ό Buy-back of up to 100 million ordinary shares proposed to enhance book value.
  • πŸ—“οΈ Buy-back period from November 27, 2025, to May 15, 2026.
  • βœ‚οΈ Cost reduction measures implemented, including VSS.
  • 🏭 Power plant maintained in preservation mode.
  • πŸ’‘ Seeking new income opportunities and business ventures.
  • πŸ”’ No remuneration to non-executive directors except meeting fees.
  • πŸ’§ Legal dispute over canal water rates ongoing.

🎯 Investment Thesis

Given the significant financial losses, uncertainty about future revenue streams, I recommend a SELL rating. The loss of the PPA creates substantial questions about the company’s ability to generate consistent profits. A price target cannot be reasonably estimated at this time due to the lack of revenue visibility. The time horizon is medium to long-term, as the company needs time to secure new revenue streams and demonstrate sustainable profitability.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

πŸ“‰ SUHJ: SELL Signal (8/10) – Financial Results for the Quarter Ended 30.09.2025

⚑ Flash Summary

SUHJ reported its financial results for the quarter ended September 30, 2025. The company’s sales and cost of sales are not reported, resulting in no gross profit. Administrative and finance expenses led to a loss before taxation of PKR 15.24 million, and the loss after taxation was also PKR 15.24 million, unchanged from the loss before taxation. The loss per share was PKR 3.52, compared to PKR 3.29 in the same period last year.

Signal: SELL πŸ“‰
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: LONG_TERM

πŸ“Œ Key Takeaways

  • ❌ No Sales: Company reports no sales for the quarter ended 30.09.2025.
  • πŸ“‰ Gross Loss: Unable to assess gross profit or loss due to missing revenue and cost of sales figures.
  • ⚠️ Administrative Expenses: Administrative expenses increased from PKR 13.59 million to PKR 14.58 million.
  • πŸ’Έ Finance Costs: Finance costs decreased slightly from PKR 663,729 to PKR 659,774.
  • ❗ Loss Before Taxation: Loss before taxation increased from PKR 14.26 million to PKR 15.24 million.
  • ❗ Loss After Taxation: Loss after taxation increased from PKR 14.26 million to PKR 15.24 million.
  • πŸ“‰ Loss Per Share: Loss per share increased from PKR 3.29 to PKR 3.52.
  • ⬆️ Cash and bank balances increased from PKR 1.45 million to PKR 2.95 million
  • πŸ“‰ Advances, prepayments decreased from PKR 2.84 million to PKR 2.57 million
  • πŸ“ˆ Advance income tax increased from PKR 986,471 to PKR 1.12 million
  • ⬆️ Short term borrowings increased from PKR 184.98 million to PKR 386.17 million
  • ⬆️ Cash flow from financing activities increased from PKR 9.46 million to PKR 11.98 million

🎯 Investment Thesis

Given the absence of sales and increasing losses, a SELL recommendation is warranted. The company shows no sign of profitability or operational efficiency, and the increasing debt adds further concern. A price target cannot be reasonably established, given the lack of financial viability. The time horizon for any potential turnaround is highly uncertain.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

πŸ“‰ KML: SELL Signal (7/10) – Financial Results for the Quarter ended September 30, 2025

⚑ Flash Summary

Kohinoor Mills Limited (KML) reported its financial results for the quarter ended September 30, 2025. The company’s revenue decreased compared to the same quarter last year, while profitability also declined. There were no announcements regarding dividends, bonus shares, or rights issues. The company’s earnings per share (EPS) also saw a decrease from 0.02 to 0.11.

Signal: SELL πŸ“‰
Strength: 7/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

πŸ“Œ Key Takeaways

  • πŸ“‰ Revenue decreased from PKR 7,020.09 million to PKR 6,274.02 million.
  • πŸ“‰ Cost of sales decreased from PKR 6,090.22 million to PKR 5,399.60 million.
  • πŸ“‰ Gross profit decreased from PKR 929.87 million to PKR 874.42 million.
  • ⚠️ Distribution costs decreased from PKR 341.62 million to PKR 313.10 million.
  • ⚠️ Administrative expenses increased from PKR 168.89 million to PKR 205.87 million.
  • ⚠️ Other expenses increased significantly from PKR 11.40 million to PKR 36.34 million.
  • πŸ“‰ Profit from operations decreased from PKR 450.56 million to PKR 351.66 million.
  • ⚠️ Finance costs decreased from PKR 365.21 million to PKR 254.93 million.
  • πŸ“‰ Profit before levy and taxation decreased from PKR 85.34 million to PKR 96.73 million.
  • ⚠️ Levy decreased from PKR 70.31 million to PKR 47.97 million.
  • ⚠️ Profit before taxation increased from PKR 15.04 million to PKR 48.76 million.
  • πŸ“ˆ Taxation shifted from an expense of PKR 4.16 million to an income of PKR 7.84 million.
  • πŸ“ˆ Profit after taxation increased significantly from PKR 10.88 million to PKR 56.60 million.
  • πŸ“ˆ Earnings per share increased from PKR 0.02 to PKR 0.11.

🎯 Investment Thesis

HOLD. Considering the decline in revenue and profitability, coupled with increased expenses, a HOLD recommendation is appropriate. A price target cannot be accurately determined without a more in-depth analysis and industry comparison. This recommendation is for the short to medium term, pending further information.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

πŸ“‰ ESBL: SELL Signal (8/10) – Financial Results for Quarter Ended Sep 30, 2025

⚑ Flash Summary

Escorts Investment Bank Limited (ESBL) reported a net loss of PKR 26.97 million for the quarter ended September 30, 2025, compared to a net loss of PKR 9.37 million for the same period last year. This represents a significant deterioration in profitability. The loss is primarily attributed to a decrease in income from financing and investments, coupled with increased administrative expenses. The company’s total assets decreased slightly from PKR 660.80 million to PKR 637.44 million.

Signal: SELL πŸ“‰
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

πŸ“Œ Key Takeaways

  • πŸ“‰ Net loss significantly widened to PKR 26.97 million from PKR 9.37 million YoY.
  • πŸ’° Total income decreased substantially from PKR 30.77 million to PKR 16.38 million YoY.
  • πŸ“Š Loss per share increased to PKR (0.20) from PKR (0.17) YoY.
  • 🏒 Administrative expenses increased from PKR 37.45 million to PKR 39.69 million YoY.
  • πŸ’Έ Finance costs decreased from PKR 1.56 million to PKR 0.91 million YoY.
  • Investments performed poorly with short term finances decreasing from PKR 100.06 million to PKR 59.21 million.
  • πŸ“‰ Operating loss before provisions and taxation deepened to PKR (24.22) million from PKR (8.24) million YoY.
  • Balance sheet shows decreased Cash and bank balances from PKR 314.95 million to PKR 306.95 million.
  • πŸ“‰ Total assets declined slightly from PKR 660.80 million to PKR 637.44 million.
  • Liabilities decreased from PKR 130.99 million to PKR 136.85 million.
  • Equity dropped from PKR 502.58 million to PKR 475.61 million.
  • ⚠️ Revenue reserve further dipped to negative PKR 1,054.32 million from negative PKR 1,027.55 million.
  • πŸ‘Ž Revaluation surplus on property and equipment decreased marginally to PKR 15.89 million from PKR 16.09 million

🎯 Investment Thesis

SELL. ESBL’s financial performance is deteriorating, with widening losses and declining revenue. The company faces significant financial and operational risks. The current market conditions make it difficult for ESBL to improve its profitability in the near term. The price target is set at PKR 8.00, reflecting a discount to book value, over a time horizon of 6-12 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

πŸ“‰ SHCI: SELL Signal (7/10) – Financial Results for the Quarter Ended 2025-09-30

⚑ Flash Summary

Shaffi Chemical Industries Limited reported financial results for the quarter ended September 30, 2025. The company experienced a net loss of PKR 580.272 million, a stark contrast to the profit of PKR 766.236 million in the same quarter last year. Sales increased slightly to PKR 5.994 million from PKR 5.541 million in the prior year. The company did not declare any cash dividend, bonus shares, or right shares for the quarter.

Signal: SELL πŸ“‰
Strength: 7/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

πŸ“Œ Key Takeaways

  • πŸ“‰ Net loss of PKR 580.272 million compared to a profit of PKR 766.236 million in Q3 2024.
  • ⬆️ Revenue increased to PKR 5.994 million, a rise from PKR 5.541 million in the prior year.
  • ❌ No cash dividend declared.
  • 🚫 No bonus shares announced.
  • ❌ No right shares issued.
  • ⚠️ Finance costs significantly increased from PKR 2,546 to PKR 1.471 million.
  • πŸ“‰ Earnings per share (EPS) is negative at (0.05) compared to 0.06 in the same period last year.
  • Gross Profit increased from PKR 1.228 million to PKR 1.374 million.
  • Administrative expenses increased from PKR 389,841 to PKR 483,297.
  • ❌ No other price-sensitive information was disclosed.
  • Non-current assets decreased slightly from PKR 38.784 million to PKR 38.689 million.
  • Current assets increased significantly from PKR 21.929 million to PKR 5.703 million.

🎯 Investment Thesis

Based on the current financial results, a SELL recommendation is appropriate. The company’s shift to a loss-making position, coupled with increased finance costs and administrative expenses, indicates significant financial challenges. The price target is set at a 10% discount to the current share price, with a short-term horizon of 3-6 months, reflecting concerns about immediate financial performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ FHAM: HOLD Signal (5/10) – Financial Results for the Quarter ended September 30, 2025

⚑ Flash Summary

First Habib Modaraba’s financial results for the quarter ended September 30, 2025, show a decrease in profit after taxation compared to the same period last year. Income from diminishing musharaka financing decreased, impacting overall revenue. Despite a decrease in financial charges, the company’s profit before taxation also slightly decreased. The earnings per certificate also saw a minor decrease year-over-year. No cash dividend, bonus shares or rights shares are being issued.

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

πŸ“Œ Key Takeaways

  • πŸ“‰ Income from diminishing musharaka financing decreased to Rs. 1,119.95 million from Rs. 1,431.53 million year-over-year.
  • ⬆️ Reversal in respect of diminishing musharaka financing increased by Rs. 31.89 million compared to a loss of Rs. 57.49 million in the previous year.
  • ⚠️ Administrative expenses increased to Rs. 75.10 million from Rs. 62.08 million year-over-year.
  • ⬆️ Other income decreased to Rs. 46.58 million from Rs. 61.82 million year-over-year.
  • βœ… Financial charges decreased to Rs. 762.50 million from Rs. 1,012.72 million year-over-year.
  • πŸ’° Profit before taxation and levy decreased slightly to Rs. 308.22 million from Rs. 309.60 million year-over-year.
  • πŸ“Š Profit before taxation decreased to Rs. 302.46 million from Rs. 301.51 million year-over-year.
  • πŸ“‰ Profit after taxation decreased to Rs. 184.99 million from Rs. 190.26 million year-over-year.
  • πŸ“‰ Earnings per certificate (basic and diluted) decreased to Rs. 1.67 from Rs. 1.72 year-over-year.
  • 🚫 No cash dividend was declared for the period ended September 30, 2025.
  • 🚫 No bonus shares or right shares were announced.
  • πŸ›οΈ Authorized certificate capital remains constant at 140,000,000 certificates of Rs. 10 each.

🎯 Investment Thesis

Given the declining financial performance, I recommend a HOLD rating. The decrease in revenue and profitability metrics suggests a need for strategic reassessment to improve core operations. A BUY rating is not justified given the current financial results. The price target will remain the same because the company is still within acceptable range. The time horizon for this recommendation is MEDIUM_TERM.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

πŸ“‰ DADX: SELL Signal (8/10) – Financial Results for the 1st Quarter Ended September 30, 2025

⚑ Flash Summary

Dadex Eternit Limited reported a loss for the first quarter ended September 30, 2025. Sales decreased compared to the same period last year, and the company experienced a gross loss. This resulted in a net loss, and a negative earnings per share. The company faces challenges in profitability amid declining revenues, requiring strategic adjustments.

Signal: SELL πŸ“‰
Strength: 8/10
Sentiment: NEGATIVE
Time Horizon: SHORT_TERM

πŸ“Œ Key Takeaways

  • πŸ“‰ Sales decreased to PKR 205.7 million, a 7.7% decrease from PKR 222.9 million in Q1 2024.
  • πŸ’” Gross profit turned into a loss of PKR 14.8 million, compared to a profit of PKR 0.9 million in Q1 2024.
  • 😫 Operating loss increased to PKR 47.6 million from PKR 53.1 million year-over-year.
  • πŸ’Έ Finance costs decreased to PKR 22.5 million from PKR 36.9 million year-over-year.
  • β›” Net loss widened to PKR 75.6 million from PKR 95.5 million year-over-year.
  • πŸ“‰ Earnings per share (EPS) stood at negative PKR 7.03, compared to negative PKR 8.88 in Q1 2024.
  • πŸ’° Cash generated from operations was PKR 29.0 million vs (PKR 14.2 million) in Q1 2024.
  • πŸ’Έ Net cash from operating activities decreased to PKR 8.3 million from PKR 12.6 million year-over-year.
  • 🚧 Capital expenditure amounted to PKR 4.6 million.
  • 🏦 Cash and cash equivalents decreased to negative PKR 624.7 million.
  • ⚠️ Trade debts increased to PKR 15.5 million vs PKR 10.4 million as of June 30, 2025.
  • εΊ“ε­˜ Stock in trade decreased to PKR 139.1 million from PKR 175.4 million as of June 30, 2025.
  • Liabilities against assets subject to finance lease stayed consistent at PKR 1.5 million.
  • 🚫 No cash dividend, bonus shares, or right shares were recommended.

🎯 Investment Thesis

SELL. The company’s declining revenue, gross losses, and continued net losses make it an unattractive investment at this time. A price target cannot be reasonably established due to the current negative financial performance. Time horizon: Near term (3-6 months) until significant restructuring or turnaround.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ 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

πŸ“Œ Key Takeaways

  • πŸ’° PAT decreased to PKR 21.44 billion, impacted by declining benchmark rates.
  • πŸ“‰ EPS declined to PKR 13.59 due to higher tax rates.
  • ⬆️ Total revenue increased by 4.9% YoY to PKR 136.70 billion.
  • βž• 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.
  • πŸ“ˆ Gross advances increased by 23.9% YoY.
  • βœ”οΈ Infection ratio maintained at 4.0% through strong underwriting.
  • βœ… Non-performing loans fully covered with a coverage ratio of 110.2%.
  • πŸ›‘οΈ CAR remained adequately capitalized at 17.94%.
  • πŸ’Έ 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.
  • πŸ“Š 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

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