NEGATIVE - FoxLogica

📉 LSEFSL: SELL Signal (8/10) – Financial Results for the Year Ended June 30, 2025

⚡ Flash Summary

LSE Financial Services Limited (LSEFSL) reported its financial results for the year ended June 30, 2025. The company’s revenue decreased to PKR 30.79 million from PKR 39.35 million in the prior year. The company reported a profit after income tax of PKR 18.19 million, significantly lower than the PKR 61.27 million reported in the previous year. The Board has announced an Entitlement Date for the distribution of shares and a book closure period in connection with a Scheme of Arrangement.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue decreased to PKR 30.79 million from PKR 39.35 million YoY.
📉 Profit after income tax declined to PKR 18.19 million from PKR 61.27 million YoY.
⛔ No cash dividend or bonus shares were announced.
📅 Entitlement Date for share distribution set for November 5, 2025.
🔒 Book closure period from November 6 to November 7, 2025.
🗓️ Annual General Meeting scheduled for November 27, 2025.
🚫 Close period for AGM: November 21 to November 27, 2025.
💻 Annual Report to be available on the company website.
💰 Cash used in operating activities: PKR (47.136) million (2025) vs PKR (12.994) million (2024).
🌱 EPS decreased to PKR 0.51 from PKR 1.72 YoY.
🏦 Cash and cash equivalents decreased to PKR 10.03 million from PKR 23.44 million YoY.

🎯 Investment Thesis

Based on the declining revenue, reduced profitability, and decreased EPS, a SELL recommendation is warranted. The company’s performance is concerning, and investors should consider divesting. Given the downward trends, a price target of PKR 10 per share is set (based on market multiples for distressed financial companies), with a short-term horizon (6-12 months) to account for potential further declines.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements CHCC Signal: SELL

📉 CHCC: SELL Signal (7/10) – Publication of Withdrawal of Public Announcement of Intention to acquire up to 84.06% of the issued share capital and joint control of Attock Cement Pakistan Limited

⚡ Flash Summary

Cherat Cement Company Limited and Shirazi Investments (Private) Limited have withdrawn their public announcement of intention to acquire up to 84.06% of the issued share capital and joint control of Attock Cement Pakistan Limited. The initial announcement was made on June 4, 2025. The acquirers, Cherat Cement and Shirazi Investments, decided to withdraw the Public Announcement of Intention (PAI) because negotiations with the seller, Pharaon Investments Group Limited (Holding) S.A.L. Lebanon, did not materialize. This withdrawal is in accordance with Regulation 21(1)(b) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

❌ Cherat Cement and Shirazi Investments withdraw acquisition intention.
📅 Initial announcement of intent was on June 4, 2025.
🤝 Target company was Attock Cement Pakistan Limited.
🏢 Acquirers planned to acquire up to 84.06% of issued share capital.
📉 115,526,349 shares were subject to the acquisition.
🚫 Negotiations with seller PharaonInvestments Group Limited (Holding) S.A.L. Lebanon failed.
📜 Withdrawal based on Regulation 21(1)(b) of takeover regulations, 2017.
🛑 Acquisition plans are terminated.
📰 Public announcement ensures transparency and regulatory compliance.
💼 No transfer of control or ownership will occur.

🎯 Investment Thesis

SELL. The withdrawal of the acquisition attempt indicates potential issues with Attock Cement’s valuation or operational outlook. Without a clear catalyst for future growth or value, a SELL recommendation is appropriate. Further information about Attock Cement’s financials and future plans would be needed to revise this recommendation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements NBP-FUNDS Signal: HOLD

⏸️ NBP-FUNDS: HOLD Signal (6/10) – Financial Results of NBP Islamic Stock Fund for the quarter ended September 30, 2025

⚡ Flash Summary

NBP Islamic Stock Fund (NISF) reported a net income of Rs. 2,387.13 million for the quarter ended September 30, 2025, after deducting total expenses of Rs. 93.95 million from a total income of Rs. 2,481.08 million. The fund size increased by 60.3% to Rs. 12,084 million. However, the fund underperformed its benchmark (KMI-30 Index) by 4.9% during the period, with the fund’s unit price increasing by 28.3% compared to the benchmark’s 33.2%. The asset allocation is heavily weighted towards Oil & Gas Exploration Companies (28.0%) and Cement (14.9%).

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 KMI-30 Index delivered a strong 33% return during 1QFY26.
💰 NISF’s size increased significantly by 60.3%, reaching Rs. 12,084 million.
⚠️ Fund underperformed its benchmark by 4.9% during the quarter.
⬆️ Unit price of NISF increased by 28.3% to Rs. 24.5598.
📊 Benchmark (KMI-30 Index) increased by 33.2% during the same period.
✔️ Net income for the period stood at Rs. 2,387.13 million.
Expenses totaled Rs. 93.95 million.
🌍 Current account deficit widened to USD 624 million during 2MFY26.
💵 Foreign exchange reserves remained stable at USD 14.4 billion as of September 26, 2025.
🤝 IMF’s second review under EFF concluded, unlocking USD 1.2 billion in financial assistance.
🌱 FY25 GDP growth revised upward to 3.04%.
🏦 Mutual Funds, Individuals, and Companies emerged as the largest net buyers.
🛑 Banks/DFIs, Foreign Investors, and Other Organizations reduced their net holdings.
⭐ PACRA assigned an Asset Manager Rating of AM1 and a performance ranking of ‘3-Star’ to the fund.
⛽ Asset allocation heavily weighted towards Oil & Gas Exploration (28.0%) and Cement (14.9%) sectors.

🎯 Investment Thesis

Given the fund’s underperformance relative to its benchmark, a HOLD recommendation is appropriate. While the fund has shown substantial growth in size, the underperformance indicates potential issues with stock selection or investment strategy. Investors should monitor the fund’s performance closely and assess whether changes are being made to address the underperformance. Before considering a BUY rating, there needs to be demonstrated improvement in the fund’s ability to generate returns in line with or exceeding its benchmark. A SELL recommendation would be considered if underperformance continues or if the risk factors increase significantly.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements Signal: SELL

📉 NETSOL: SELL Signal (6/10) – 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

Salim Ullah Ghauri, an Executive Director at NETSOL Technologies Ltd., sold 149,700 shares on November 3, 2025. The transaction was executed in the ready market via CDC at an average rate of 133.11. Following this sale, Ghauri’s cumulative shareholding stands at 816,295 shares, representing 0.91% of the company. This disclosure is in accordance with PSX Regulation 5.6.4 regarding the interest of relevant persons holding company shares.

Signal: SELL 📉

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

👨‍💼 Salim Ullah Ghauri, an Executive Director at NETSOL, executed the transaction.
🗓️ The transaction occurred on November 3, 2025.
📉 Ghauri sold 149,700 shares of NETSOL.
💸 The sale was executed at an average rate of 133.11 per share.
🏦 The transaction took place in the ready market via CDC.
📉 Post-transaction, Ghauri holds 816,295 shares.
📊 This represents 0.91% of the total shareholding.
📜 The disclosure is in compliance with PSX Regulation 5.6.4.
🏢 NETSOL Technologies Ltd. is the company in focus.
📍 The company’s headquarters are located in Lahore, Pakistan.
✉️ The announcement was addressed to the General Manager of the Pakistan Stock Exchange in Karachi.

🎯 Investment Thesis

HOLD. While the insider selling activity might raise concerns, it’s only one data point. Further investigation into NETSOL’s financials, strategic direction, and industry dynamics is required to form a comprehensive investment thesis. Price target: to be determined based on full financial analysis. Time horizon: Medium Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements PESC1 Signal: SELL

📉 PESC1: SELL Signal (7/10) – Transmission of Quarterly Report for the period ended 30-09-2025

⚡ Flash Summary

Power Holding Limited’s condensed statement of profit or loss for the three months ended September 30, 2025, reveals a significant decrease in net profit compared to the same period last year. The net profit after taxation has fallen from PKR 173.11 million in 2024 to PKR 63.73 million in 2025, indicating a substantial downturn in profitability. This decline is largely attributed to a decrease in grants from the power sector and lower other income. The company’s earnings per share (EPS) also experienced a sharp drop, from PKR 115.41 to PKR 42.49.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net profit after taxation decreased significantly from PKR 173.11 million to PKR 63.73 million.
📉 Earnings Per Share (EPS) dropped from PKR 115.41 to PKR 42.49.
📉 Grant from the power sector decreased from PKR 36.21 billion to PKR 19.60 billion.
📉 Other income declined from PKR 250.29 million to PKR 97.54 million.
⬆️ Operating cost increased from PKR 6.48 million to PKR 7.78 million.
⬇️ Profit before taxation decreased from PKR 243.82 million to PKR 89.76 million.
⬇️ Provision for taxation decreased from PKR 70.71 million to PKR 26.03 million.
↔️ Authorized Capital remains unchanged at PKR 15 million.
↔️ Issued, Subscribed and Paid up Capital remains unchanged at PKR 15 million.
⬆️ Accumulated profit increased from PKR 831.71 million to PKR 895.44 million.

🎯 Investment Thesis

Considering the significant decline in profitability, EPS, and the company’s heavy reliance on government grants, a SELL recommendation is appropriate. The price target should be revised downwards to reflect the reduced earnings potential and increased risks. The time horizon for this recommendation is SHORT_TERM, as the company’s financial health requires immediate and drastic improvements.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements GATI Signal: HOLD

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

⚡ Flash Summary

Gatron (Industries) Limited reported a net sales of Rs. 7,242 million for the quarter ended September 30, 2025, a 23% increase compared to the previous corresponding period, driven by increased sales of Polymer Chips/Resin. However, the company incurred a loss after income tax of Rs. 395 million, although this is an improvement from the loss of Rs. 765 million in the same period last year. The company continues to face challenges related to the dumping of imported yarn, but is focused on effective enforcement and collection of anti-dumping duties. Cost-saving initiatives and increasing operating capacity are aimed at improving the bottom line, although increased energy costs are impacting polymer costing.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Net sales increased by 23% to Rs. 7,242 million compared to Rs. 5,905 million in the previous corresponding period.
📉 Loss before levies and income tax amounted to Rs. 304 million, a significant improvement from a loss of Rs. 765 million in the same period last year.
🚫 Loss after income tax was Rs. 395 million.
🏭 Operating profit was Rs. 44 million for the reporting quarter.
⛔ Challenges persist due to the dumping of imported yarn at exceptionally low prices.
✅ National Tariff Commission (NTC) imposed final Anti-Dumping Duties (ADD) on Polyester Filament Yarn (PFY) from major Chinese exporters.
🛡️ Focus is now on effective enforcement and collection of duties or bank guarantees in case of stay orders.
🚧 Over Rs 10 billion in anti-dumping duties still remain evaded/not paid in the case of PFY for the period 2017 to 2023.
📉 Persistent dumping and evasion of dumping duty have compelled the Company to operate at substantially diminished capacity utilization.
⚙️ Aim is to increase operating rates without increasing inventory and carrying costs.
⚡ Increased energy costs are affecting the polymer costing heavily.
📉 Distribution and selling expenses decreased by 32%.
📉 Administrative expenses decreased by 28%.
📉 Finance costs also decreased by Rs. 157 million.
📉 Loss per share is Rs. 3.63.

🎯 Investment Thesis

Given Gatron’s ongoing losses, the challenges posed by dumping, and increased energy costs, a HOLD recommendation is appropriate. While the company is making strides in increasing sales and reducing expenses, it needs to demonstrate sustained profitability and overcome the challenges posed by imported competition. The implied valuation impact appears negative, and a neutral position reflects these concerns.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements IDRT Signal: SELL

📉 IDRT: SELL Signal (8/10) – Finanical Results for the Year Ended June 30, 2025

⚡ Flash Summary

Idrees Textile Mills Limited reported a significant loss for the year ended June 30, 2025, with a net loss of PKR 394.77 million compared to a loss of PKR 191.48 million in the previous year. Revenue decreased from PKR 6.47 billion to PKR 5.20 billion. The company’s earnings per share (EPS) also declined, reporting a loss per share of PKR 19.88 compared to a loss of PKR 9.79 in the prior year. The decrease in revenue and increased losses raise concerns about the company’s operational efficiency and financial stability.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue decreased by 19.61%, from PKR 6.47 billion in 2024 to PKR 5.20 billion in 2025.
⚠️ Net loss significantly increased to PKR 394.77 million in 2025 from PKR 191.48 million in 2024.
📉 Loss per share worsened, reporting a loss of PKR 19.88 in 2025 compared to a loss of PKR 9.79 in 2024.
❌ Cost of sales decreased, but not enough to offset the revenue decline, from PKR 5.84 billion to PKR 4.88 billion.
⚠️ Finance costs remained high at PKR 476.96 million, impacting profitability.
⬇️ Gross profit decreased substantially from PKR 618.59 million to PKR 318.29 million.
🔻 Operating profit shifted from a profit of PKR 432.03 million to a loss of PKR 180.59 million.
➡️ Total assets increased slightly from PKR 7.04 billion to PKR 7.63 billion, driven by an increase in current assets.
⬆️ Trade debts significantly increased from PKR 1.11 billion to PKR 1.67 billion, raising concerns about collection efficiency.
📊 Total liabilities increased from PKR 4.54 billion to PKR 5.48 billion, indicating increased financial leverage.
⚠️ Cash and bank balances increased significantly from PKR 8.61 million to PKR 88.97 million.
❌ Negative cash flow from operations of PKR 93.31 million compared to negative cash flow of PKR 412.19 million in the previous year.
⬆️ Increase in short-term borrowings from PKR 2.03 billion to PKR 2.06 billion, reflecting increased reliance on short-term debt.

🎯 Investment Thesis

Based on the current financial performance, a SELL recommendation is warranted. The company’s declining revenue, increased losses, and operational inefficiencies present significant challenges. A turnaround strategy is necessary, but until there are concrete signs of improvement, the investment outlook remains negative. The price target would be significantly lower than the current market price, reflecting the poor financial health and uncertain future prospects. Time horizon: Short-term (6-12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements GAMON Signal: HOLD

⏸️ GAMON: HOLD Signal (5/10) – Email correspondence concerning Intimation of holding AGM – Gammon Pakistan Limited

⚡ Flash Summary

Gammon Pakistan Limited is facing an issue with filing the intimation of the date and time for holding its Annual General Meeting (AGM) on the PSX portal. The portal is displaying an error message indicating an invalid year-end. The company had previously received a 30-day extension from SECP for holding the AGM, which was communicated to the PSX. They are seeking assistance to resolve the error to proceed with the AGM scheduled for November 27, 2025.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⚠️ Gammon Pakistan is experiencing technical difficulties in intimating the AGM date on the PSX portal.
🗓️ The error message cites an ‘invalid year end 2025-11-27’.
✅ SECP had granted a 30-day extension for holding the AGM, approved on 2025-09-26.
📢 The extension was previously announced on the PSX portal on September 29, 2025.
🤔 The error may be related to the approved extension period.
📅 The AGM is scheduled for November 27, 2025, at 11:00 am in Rawalpindi.
📧 Gammon Pakistan is requesting support from PSX and SECP to resolve the portal error.
👨‍💼 Ghulam Murtaza Khurshid, Chief Financial Officer, is the point of contact.
🔗 An email was sent to compliance@psx.com.pk, info@psx.com.pk, it.ss@psx.com.pk, and webmaster@secp.gov.pk.
✉️ SECP approval document and screenshot of the error on the PSX portal are attached.
🤝 A follow-up email was sent by Hafiz Maqsood Munshi from PSX to circulate the issue through PUCARS.
🌐 The communication highlights a potential system issue within the PSX portal’s validation process.

🎯 Investment Thesis

Given the lack of financial impact and the technical nature of the issue, a HOLD recommendation is appropriate. The company has already sought regulatory approval for an extension, and the issue appears to be system-related rather than fundamental to Gammon Pakistan’s operations. Further updates will be needed to reassess.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements Signal: HOLD SSGC

⏸️ SSGC: HOLD Signal (5/10) – Financial Results for the Year Ended 30 June 2025

⚡ Flash Summary

SSGC’s financial results for the year ended June 30, 2025, show a mixed performance. Unconsolidated profit for the year decreased significantly to PKR 2.689 billion from PKR 6.839 billion in the previous year. The company declared a final cash dividend of Re 0.5 per share, representing a 5% payout. Auditors have issued a qualified opinion related to receivables from K-Electric and Pakistan Steel Mills and non-compliance with IFRS 14.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 **Profit Decline:** Unconsolidated profit after tax decreased from PKR 6.839 billion in 2024 to PKR 2.689 billion in 2025.
💰 **Dividend Announcement:** Final cash dividend of Re 0.5 per share (5%) declared for the year ended June 30, 2025.
⚠️ **Qualified Audit Opinion:** Auditors issued a qualified opinion due to concerns over receivables from K-Electric and Pakistan Steel Mills.
❗ **IFRS 14 Non-Compliance:** The company did not comply with IFRS 14 requirements due to the absence of an exemption renewal.
📊 **Revenue Decrease (Unconsolidated):** Unconsolidated revenue decreased to PKR 435.074 billion from PKR 465.870 billion.
🧾 **Consolidated Revenue Decrease:** Consolidated revenue decreased to PKR 446.444 billion from PKR 500.529 billion.
📉 **Consolidated Profit Decrease:** Consolidated profit after tax decreased to PKR 3.441 billion in 2025 from PKR 8.292 billion in 2024.
😓 **Earnings Per Share (Unconsolidated):** Unconsolidated basic and diluted earnings per share decreased to PKR 3.05 from PKR 7.76.
💸 **Earnings Per Share (Consolidated):** Consolidated basic and diluted earnings per share decreased to PKR 3.91 from PKR 9.41.
⚖️ **Litigation and Claims:** The company is subject to material litigations and claims, as mentioned in note 36.1.
⚠️ **Unrecognized Markup:** The company has not recognized accrued markup of PKR 370.655 million relating to Government Controlled E&P Companies (note 34.2).
📅 **AGM Date:** The Annual General Meeting will be held on November 27, 2025.
🛑 **Trade Debts Concerns:** Trade debts include receivables of PKR 28.539 million and PKR 21.770 million from K-Electric Limited and Pakistan Steel Mills Corporation, respectively.

🎯 Investment Thesis

Given the decline in profitability, the qualified audit opinion, and the IFRS 14 non-compliance, a HOLD recommendation is appropriate. While the company continues to operate in a critical sector, the current financial challenges and uncertainties warrant caution. A potential price target would require further analysis of the company’s assets, liabilities, and future cash flows. I will not give a price target due to limited information.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements OBOY Signal: HOLD

⏸️ OBOY: HOLD Signal (6/10) – Postponement of Board Meeting

⚡ Flash Summary

Oilboy Energy Limited has announced the postponement of its Board of Directors meeting, which was scheduled for today, November 5, 2025, at 2:30 p.m. The meeting was intended to review the financial statements for the year ended June 30, 2025. The company has stated that the meeting has been postponed until further notice, and the revised date and time will be communicated to the Pakistan Stock Exchange as soon as it is finalized. This announcement indicates a potential delay in the release of the company’s financial results, which could create uncertainty among investors.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 Board meeting postponed: The Board of Directors meeting scheduled for November 5, 2025, has been postponed.
🕒 Original meeting time: The meeting was originally scheduled for 2:30 p.m. today.
🏢 Meeting purpose: The purpose was to consider financial statements for the year ended June 30, 2025.
⏳ Postponed until further notice: No new date has been set for the meeting.
📢 Communication of new date: The revised date and time will be communicated to the Exchange.
🇵🇰 Regulatory disclosure: The announcement was made to the Pakistan Stock Exchange Limited.
📜 TRE Certificate Holders: TRE Certificate Holders of the Exchange will be informed.
🏢 Registered Office: The meeting was to be held at the registered office of the Company.
📄 Financial Statements: The focus of the meeting was to consider the financial statements.
✉️ Company Secretary: Inam Ullah, Company Secretary, signed the announcement.
🏢 Lahore Address: The company’s address is 5A/1, Gulberg 3, Off M.M. Alam Road, Lahore.
📧 Email: The company’s email is info@obel.com.pk
🌐 Website: The company’s website is www.obel.com.pk

🎯 Investment Thesis

Given the postponement of the board meeting and the resulting uncertainty regarding the company’s financial performance, a HOLD recommendation is warranted. Investors should await the release of the financial statements before making any investment decisions. Without knowing Oilboy’s current financial situation a BUY recommendation is impossible, and a SELL recommendation would be premature. Therefore, the most reasonable recommendation at this time is HOLD.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

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