NEGATIVE - FoxLogica

📉 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 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

❌ No Sales: Company reports no sales for the quarter ended 30.09.2025.
📉 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.
💸 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.
📉 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
📉 Advances, prepayments decreased from PKR 2.84 million to PKR 2.57 million
📈 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

announcements KML Signal: SELL

📉 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 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue decreased from PKR 7,020.09 million to PKR 6,274.02 million.
📉 Cost of sales decreased from PKR 6,090.22 million to PKR 5,399.60 million.
📉 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.
📉 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.
📉 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.
📈 Taxation shifted from an expense of PKR 4.16 million to an income of PKR 7.84 million.
📈 Profit after taxation increased significantly from PKR 10.88 million to PKR 56.60 million.
📈 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

announcements ESBL Signal: SELL

📉 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 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net loss significantly widened to PKR 26.97 million from PKR 9.37 million YoY.
💰 Total income decreased substantially from PKR 30.77 million to PKR 16.38 million YoY.
📊 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.
💸 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.
📉 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.
📉 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.
👎 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

announcements SHCI Signal: SELL

📉 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 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 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.
📉 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

announcements Signal: HOLD

⏸️ 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

📌 Key Takeaways

📉 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.
✅ Financial charges decreased to Rs. 762.50 million from Rs. 1,012.72 million year-over-year.
💰 Profit before taxation and levy decreased slightly to Rs. 308.22 million from Rs. 309.60 million year-over-year.
📊 Profit before taxation decreased to Rs. 302.46 million from Rs. 301.51 million year-over-year.
📉 Profit after taxation decreased to Rs. 184.99 million from Rs. 190.26 million year-over-year.
📉 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.
🏛️ 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

announcements DADX Signal: SELL

📉 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 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales decreased to PKR 205.7 million, a 7.7% decrease from PKR 222.9 million in Q1 2024.
💔 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.
💸 Finance costs decreased to PKR 22.5 million from PKR 36.9 million year-over-year.
⛔ Net loss widened to PKR 75.6 million from PKR 95.5 million year-over-year.
📉 Earnings per share (EPS) stood at negative PKR 7.03, compared to negative PKR 8.88 in Q1 2024.
💰 Cash generated from operations was PKR 29.0 million vs (PKR 14.2 million) in Q1 2024.
💸 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.
库存 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

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

announcements ELCM Signal: SELL

📉 ELCM: SELL Signal (8/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Elahi Cotton Mills Limited reports a challenging first quarter for 2025, with a turnover of Rs. 253.126 million, a decrease of 5.20% compared to Rs. 266.300 million in the same period last year. The company experienced a loss after tax of Rs. 3.564 million, a significant downturn from a profit of Rs. 10.050 million in 2024. This loss is attributed to decreased rates of finished goods, and management anticipates unfavorable conditions in the next quarter due to reduced demand. The loss per share stands at Rs. 2.74, and the directors do not recommend any dividend or bonus shares.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

📉 Revenue decreased by 5.20%, from Rs. 266.300 million to Rs. 253.126 million.
⬆️ Cost of sales increased slightly by 0.70%, from Rs. 247.018 million to Rs. 248.750 million.
⚠️ The company incurred a loss before taxation of Rs. 0.400 million, compared to a profit of Rs. 14.521 million in the same quarter last year.
💸 Loss after tax amounted to Rs. 3.564 million, a stark contrast to the profit of Rs. 10.050 million in the previous year.
📉 Loss per share is Rs. 2.74, a significant drop from an EPS of Rs. 7.73 last year.
🚫 No cash dividend or bonus shares are recommended by the directors.
🏭 The company’s primary business is manufacturing and selling pure polyester yarn.
📉 Management expects continued unfavorable conditions due to reduced demand from the value-added textile industry.
📊 Total Assets increased from Rs. 276,533,287 to Rs. 288,791,417.
📉 Accumulated loss increased from (Rs. 58,732,763) to (Rs. 61,688,907).
💰 Cash and cash balances decreased slightly from Rs. 10,159,419 to Rs. 9,949,003.
📉 Operating (Loss)/profit shows a significant decrease, from profit of Rs. 14,506,555 to a loss of (Rs. 385,959).
🚫 Company authorized for issue on 28.10.2025 by the Board of Directors.
💼 Staff retirement benefits (gratuity) increased from Rs. 38,635,595 to Rs. 41,351,105.

🎯 Investment Thesis

Based on the current financial performance, a SELL recommendation is warranted. The significant decrease in revenue and transition to a loss position, along with unfavorable expectations for the next quarter, indicate substantial challenges. Until a clear turnaround strategy is implemented and shows tangible results, investing in Elahi Cotton Mills Limited carries high risk. A realistic price target cannot be provided until profitability is restored, and the time horizon for potential recovery is uncertain.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements KSTM Signal: HOLD

⏸️ KSTM: HOLD Signal (5/10) – Financial Results for the Quarter Ended

⚡ Flash Summary

Khalid Siraj Textile Mills Limited reported financial results for the quarter ended September 30, 2025. The company experienced a loss after taxation of PKR 4,129,883, compared to a loss of PKR 4,537,513 in the same period last year. Basic and diluted loss per share improved slightly from PKR (0.42) to PKR (0.39). There was no cash dividend, bonus shares or right shares announced for the period.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

❌ Loss after taxation: PKR (4,129,883)
⬆️ Slight improvement in loss compared to last year’s PKR (4,537,513)
📉 Loss per share: (PKR 0.39) vs (PKR 0.42) last year
💰 No cash dividend declared
🚫 No bonus shares declared
🚫 No right shares declared
🏢 Administrative and selling expenses: PKR (528,667)
🏭 Other operating expenses: PKR (4,787,539)
💵 Finance costs: PKR (33)
🏦 Long-term finances remain unchanged at PKR 153,895,767
🧾 Deferred liabilities decreased slightly to PKR 38,606,519
💸 Cash and bank balances increased to PKR 234,628
🏭 Property, plant, and equipment decreased to PKR 288,332,372

🎯 Investment Thesis

Based on the current financial performance, a HOLD recommendation is appropriate. While the company has shown some improvement in reducing its losses, the lack of profitability and the absence of dividends make it a risky investment. A price target cannot be established without additional financial information. Continue to monitor the situation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements ESBL Signal: SELL

📉 ESBL: SELL Signal (8/10) – Transmission of Quarterly report for the period ended Sep 30, 2025

⚡ Flash Summary

Escorts Investment Bank Limited reported a challenging quarter ending September 30, 2025. The bank experienced a significant decline in total income, falling to Rs. 16.38 million from Rs. 30.77 million in the same period last year, a decrease of 46.7%. This decline is primarily attributed to lower returns on financing and investment activities. Consequently, the bank incurred a net loss after tax of Rs. 26.97 million, a substantial increase from the Rs. 9.37 million loss in the prior year.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Total income decreased significantly by 46.7%, from Rs. 30.77 million to Rs. 16.38 million.
⬆️ Operating expenses increased slightly by 4.1%, from Rs. 39.01 million to Rs. 40.60 million.
❗️ Loss before tax surged by 195%, increasing from Rs. 9.05 million to Rs. 26.79 million.
❗️ Net loss after tax rose sharply by 188%, from Rs. 9.37 million to Rs. 26.97 million.
❗️ Loss per share increased by 17.6%, from Rs. (0.17) to Rs. (0.20).
💰 Administrative expenses increased to Rs. 39.69 million, a 6% rise compared to Rs. 37.45 million in Sep 2024.
📉 Cost-to-income ratio worsened due to reduced income and sustained expenses.
🏢 Management plans to close two non-performing branches.
Staff payroll reduced to Rs. 5.8M from Rs. 7.6M, starting September 25, 2025.
💻 Emphasis on cost optimization, digital transformation, and diversification of income sources continues.
🏦 The bank is actively negotiating annual fees and subscriptions to reduce costs.
🌱 Focus remains on improving operational efficiency and exploring fee-based revenue channels.
💪 Strategic measures are being reviewed to enhance capital adequacy and shareholder value.
🏦 Acknowledgment of the Board’s appreciation to shareholders, clients, employees, and regulatory authorities.

🎯 Investment Thesis

Based on the reported results, a SELL recommendation is warranted. The significant decline in income, increased losses, and operational challenges indicate a deteriorating financial position. While management is taking steps to address these issues, the near-term outlook remains uncertain. A turnaround will take time and is dependent on successful implementation of strategic measures.

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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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