NEGATIVE - FoxLogica

📉 LPGL: SELL Signal (8/10) – Financial Results for the Year Ended 2025-06-30

⚡ Flash Summary

Leiner Pak Gelatine Limited reported financial results for the year ended June 30, 2025. The company experienced a significant decrease in revenue, dropping from PKR 3,344.534 million in 2024 to PKR 1,628.612 million in 2025. Consequently, profit after taxation also declined substantially from PKR 81.519 million to PKR 15.822 million. Earnings per share (EPS) decreased from PKR 10.87 to PKR 2.11, reflecting the downturn in financial performance.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue decreased by 51.3% YoY, from PKR 3,344.534 million to PKR 1,628.612 million.
📉 Gross profit decreased by 34.6% YoY, from PKR 417.893 million to PKR 273.317 million.
📉 Profit after taxation decreased significantly by 80.6% YoY, from PKR 81.519 million to PKR 15.822 million.
📉 Basic and diluted earnings per share (EPS) decreased by 80.6% YoY, from PKR 10.87 to PKR 2.11.
⚠️ Distribution costs decreased from PKR 64.178 million to PKR 50.547 million.
⚠️ Administrative expenses decreased from PKR 116.186 million to PKR 102.615 million.
⚠️ Finance costs decreased from PKR 90.796 million to PKR 73.428 million.
✅ The company did not announce any dividends, bonus shares, or right shares.
✅ Current liabilities increased from PKR 968.096 million to PKR 1,074.094 million.
📈 Surplus on revaluation of property, plant, and equipment increased by PKR 215.055 million.
✅ Total comprehensive income for the year increased from PKR 81.519 million to PKR 230.877 million due to revaluation surplus.
💰 Cash generated from operations decreased from PKR 123.849 million to PKR 133.202 million.
💸 Net cash generated from operating activities increased from PKR 985 thousand to PKR 1.944 million.
🏦 Cash and cash equivalents at the end of the year increased slightly from PKR 9.830 million to PKR 10.437 million.

🎯 Investment Thesis

Based on the significant decline in revenue, profitability, and EPS, a SELL recommendation is appropriate. The company’s financial performance raises concerns about its ability to sustain operations at previous levels. A price target of PKR 1.50 is set, with a short-term time horizon of 6 months, reflecting the potential for further decline if performance is not addressed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements DAAG Signal: SELL

📉 DAAG: SELL Signal (7/10) – Transmission of Annual Report for the Year Ended June 30, 2025

⚡ Flash Summary

Data Agro Limited reported a challenging year ending June 30, 2025, with a net loss of Rs. 24.695 million compared to a profit of Rs. 7.488 million in the previous year. Sales decreased slightly from Rs. 362.312 million to Rs. 353.207 million. The company faced issues such as declining wheat prices and delayed rains, which negatively impacted corn seed purchases by farmers. Management has decided not to declare a cash dividend given the current financial circumstances, focusing on reinvestment for future growth and sustainable operations.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net loss of Rs. 24.695 million in 2025 compared to a profit of Rs. 7.488 million in 2024.
Sales decreased by 2.5% from Rs. 362.312 million to Rs. 353.207 million.
🌾 Seeds processing/delinting decreased from 3,774 Metric Tons to 1,855 Metric Tons.
🌽 Declining wheat prices and delayed rains negatively impacted corn seed sales.
🏦 Borrowing costs remained high, affecting profitability.
💰 No cash dividend was declared for the year.
🧪 Continued investment in R&D for hybrid corn and other seeds.
🌾 Wheat prices dropped from Rs. 3900 to Rs. 2400 per maund.
🌱 Hybrid corn seeds 3377 and D 4147 performed well operationally.
🇦🇺 Trials of imported Australian seeds are underway.
🌱 Company plans to invest in cotton and wheat varieties.
🥦 Vegetable seeds market is being explored for future expansion.

🎯 Investment Thesis

Given the net loss, declining sales, and operational challenges, a SELL recommendation is warranted. The company’s high debt levels and exposure to volatile agricultural markets create significant downside risk. While management is focused on future growth through R&D and market expansion, the near-term outlook is uncertain. I estimate an intrinsic value of Rs. 20-25 per share.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements ESBL Signal: SELL

📉 ESBL: SELL Signal (7/10) – Transmission of Annual Report for the Year Ended June 30,02025

⚡ Flash Summary

Escorts Investment Bank Limited (EIBL) reported a challenging financial year in FY25, with a notable decrease in revenue and a significant increase in net losses. The NBFC faced headwinds from ongoing inflationary pressures and regulatory complexities, despite aggressive monetary easing by the State Bank of Pakistan. While proactive risk management and compliance discipline strengthened the balance sheet, they temporarily widened losses. A majority shareholding acquisition is expected, with the company awaiting approval from the Securities and Exchange Commission of Pakistan (SECP).

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue declined to Rs. 108.38 million, down from Rs. 136.49 million YoY.
❗ Net loss widened significantly to Rs. 68.40 million from Rs. 23.10 million YoY.
⚠️ Loss per share increased to Rs. (0.50) from Rs. (0.17) YoY.
🏦 Operating expenses decreased slightly to Rs 164.286 million.
💰 Provisioning increased significantly to Rs. 9.70 million.
✅ Company continues to focus on strengthening microfinance operations.
👍 Cost control measures were successfully implemented.
✅ Company is regulated and supervised by SECP.
🤝 The Company’s IFS license is in the renewal process with the SECP.
📉 PACRA downgraded the Company’s long-term credit rating to “BBB-”
💼 AKD Securities is intending to acquire a majority stake in the company.
🗓️ AGM will be held on October 28, 2025, to approve the Annual Audited Financial Statements.
🚫 There will be no gifts will be distributed at the AGM

🎯 Investment Thesis

Given the significant losses, decreasing revenue, and non-compliance with equity requirements and a downgrade in long term credit rating, and potential regulatory compliance issues, a ‘SELL’ recommendation is warranted. There are material concerns about EIBL’s ability to achieve sustainable profitability. The intended equity acquisition is positive but not sufficient to offset current risks.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements OBOY Signal: HOLD

⏸️ OBOY: HOLD Signal (5/10) – Applied for Extension for holding the AGM

⚡ Flash Summary

Oilboy Energy Limited has applied to the Securities and Exchange Commission of Pakistan (SECP) for an extension to hold their Annual General Meeting (AGM) and lay their financial statements for the year ended June 30, 2025. The company cites delays in finalizing the financial statements due to unresolved matters impacting the financial position. An extension of 30 days, until November 27, 2025, is requested to allow sufficient time for the audit to be completed and to carry out the statutory processes for holding the AGM and laying the financial statements. The last AGM was held on December 7, 2024, for the financial year ended June 30, 2024.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 Oilboy Energy Limited applied for an extension to hold its Annual General Meeting (AGM) for the year ended June 30, 2025.
📝 The application was submitted to the Securities and Exchange Commission of Pakistan (SECP) on October 6, 2025.
⏳ The extension is requested under Section 132 read with Sections 223 & 237 of the Companies Act, 2017.
🗓️ The company seeks a 30-day extension, requiring the AGM to be held by November 27, 2025.
🛑 The reason for the delay is the non-completion of financial statements due to unresolved significant matters.
✅ The audit is currently underway and expected to be completed by the end of October 2025.
🧾 A fee of Rs. 15,025 has been paid towards the extension of the AGM.
📜 Documents enclosed with the application include a signed affidavit, a paid challan, audited annual accounts for the year ended June 30, 2024, and a letter from the external auditors.
🤝 The company requests the SECP to grant the extension to fulfill statutory requirements for circulating the AGM notice with audited financial statements.
🏢 The registered office of Oilboy Energy Limited is located at 5A/1, Gulberg 3, Off M.M Alam Road, Lahore.
📞 The company can be contacted at +92-4235771778-9 or via email at info@obel.com.pk.

🎯 Investment Thesis

Given the uncertainty surrounding the ‘unresolved matters’ impacting Oilboy Energy’s financial position and the resulting delay in the AGM and financial statement release, a HOLD recommendation is appropriate. While the company has taken steps to address the issue by applying for an extension and undergoing an audit, the underlying financial concerns need to be clarified before a more positive stance can be taken. The time horizon is MEDIUM_TERM (3-6 months) to allow for the resolution of the financial matters and the release of audited financial statements. The price target is currently undefined, pending further clarity on the financial situation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements PASL Signal: SELL

📉 PASL: SELL Signal (9/10) – Transmission of Annual Report for the Year Ended June 30,2025

⚡ Flash Summary

Pervez Ahmed Consultancy Services Limited reported a significant turnaround with a profit of Rs. 8.08 million for the year ended June 30, 2025, compared to a profit of Rs. 1.16 million in the previous year, primarily driven by the share of profit from an associate. However, the auditor has issued an adverse opinion regarding the going concern assumption due to accumulated losses of Rs. 1,622.17 million and current liabilities exceeding current assets by Rs. 646.08 million. The company’s operations are also affected by pending litigations and its inactive status on the Pakistan Stock Exchange. Despite these challenges, management is making efforts to resolve these issues and regularize operations, but the company’s future remains highly uncertain.

Signal: SELL 📉

Strength: 9/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📈 Profit surged to Rs. 8.08 million in FY25 from Rs. 1.16 million in FY24, mainly due to associate income.
⚠️ Auditor expresses an adverse opinion on the going concern assumption.
📉 Accumulated losses remain substantial at Rs. 1,622.17 million.
😬 Current liabilities exceed current assets by Rs. 646.08 million, indicating liquidity issues.
🏛️ The company faces pending litigations with a banker and a creditor.
🚫 No dividend declared due to negative cash flow and accumulated losses.
📊 Basic and diluted earnings per share increased to Rs. 0.043 from Rs. 0.006.
🛑 The company’s Trading Rights Entitlement Certificate is inactive due to inadequate net capital.
📄 Additional Registrar of Companies has filed a petition alleging unlawful conduct and requesting share buybacks.
🌍 Pakistan’s economy showed signs of recovery with 2.68% GDP growth in FY25.
🗓️ The Twentieth Annual General Meeting will be held on October 28, 2025.
🔒 Share transfer books will remain closed from October 24 to October 28, 2025.
✨ The Board comprises seven members, with five board meetings held during the year.
🌱 The company is committed to fostering an inclusive, equitable, and respectful workplace.
💼 The company’s registered office is located at 20-K, Gulberg II, Lahore.

🎯 Investment Thesis

Given the significant financial distress, adverse auditor opinion, and multiple legal challenges, a SELL recommendation is warranted. There is no clear path to sustainable profitability or resolution of legal issues. The company’s ability to continue as a going concern is questionable, and investment carries extremely high risk. Any potential price appreciation would depend on unlikely favorable legal outcomes or a complete restructuring of the company, which is not foreseeable.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements Signal: HOLD SUTM

⏸️ SUTM: HOLD Signal (5/10) – Financial Results for the Year Ended 2025-06-30

⚡ Flash Summary

Sunrays Textile Mills Ltd. reported its financial results for the year ended June 30, 2025. The company’s revenue decreased slightly compared to the previous year. No dividends, bonus shares, or right shares were recommended by the board. The Annual General Meeting is scheduled for October 28, 2025. The share transfer books will be closed from October 22, 2025, to October 28, 2025.

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

❌ No cash dividend was recommended for the year ended June 30, 2025.
📉 Revenue from contracts with customers decreased to PKR 19,257.16 million in 2025 from PKR 20,148.89 million in 2024.
🙁 Gross profit decreased to PKR 1,503.12 million in 2025 from PKR 1,604.63 million in 2024.
💸 Finance costs increased to PKR 1,060.77 million in 2025 from PKR 1,023.05 million in 2024.
📉 Profit before income tax decreased to PKR 158.89 million in 2025 from PKR 229.38 million in 2024.
📉 Profit for the year decreased to PKR 76.62 million in 2025 from PKR 177.19 million in 2024.
📉 Earnings per share decreased to PKR 3.70 in 2025 from PKR 8.56 in 2024.
⚠️ Trade debts increased significantly from 3,068.46 million to 4,441.88 million.
✅ The company’s Annual General Meeting will be held on October 28, 2025.
⛔️ No bonus or right shares were declared.
🏦 Cash and bank balances decreased from PKR 83.99 million to PKR 78.75 million.

🎯 Investment Thesis

HOLD. Given the decreased revenue, profits, and earnings per share, as well as the lack of dividends and increased trade debts, a HOLD recommendation is appropriate. Monitor the company’s ability to improve its operational efficiency and manage its receivables. A clear strategy for addressing these challenges is needed before considering a more positive stance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements CHBL Signal: HOLD

⏸️ CHBL: HOLD Signal (5/10) – POSTPONE OF BOARDS MEETING

⚡ Flash Summary

Chenab Limited has announced the postponement of its Board Meeting, which was originally scheduled for October 7, 2025, according to a notification dated October 6, 2025. The postponement is attributed to unspecified reasons deemed necessary by the Board. The company has stated that the new date for the Board Meeting will be communicated in due course. Furthermore, Chenab Limited is seeking an extension for its Annual General Meeting (AGM) from the Securities and Exchange Commission of Pakistan (SECP).

Signal: HOLD ⏸️

Strength: 5/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 Board meeting postponed from original date: October 7, 2025.
❓ Unspecified reasons cited for postponement.
📢 New board meeting date to be announced later.
📜 Company is seeking extension for AGM from SECP.
🏢 Notification issued by Chenab Limited.
✍️ Announcement signed by Muhammad Arshad, Company Secretary.
📍 Registered office: Nishatabad, Faisalabad, Pakistan.
🌐 Company website: www.chenabgroup.com.
✉️ Email address: chenab@chenabgroup.com.
📞 Contact phone number: 041-8754472-8.
📠 Fax numbers: 041-8752700, 8752400.
🇵🇰 Announcement made to Pakistan Stock Exchange Limited.
🏢 Stock Exchange Building, Stock Exchange Road, Karachi.

🎯 Investment Thesis

Based on the information available, a HOLD recommendation is appropriate. The postponement of the Board Meeting and the request for an AGM extension create uncertainty and require further monitoring. Without more information about the reasons for these delays, it is premature to make a BUY or SELL recommendation. Investors should closely observe subsequent announcements and financial reports to assess the potential impact on Chenab Limited’s performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements CEPB Signal: HOLD

⏸️ CEPB: HOLD Signal (6/10) – TRANSMISSION OF ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2025

⚡ Flash Summary

Century Paper & Board Mills Limited’s annual report for the year ended June 30, 2025, paints a mixed picture. The company experienced a decline in sales volume and adjusted selling prices leading to reduced profitability. It faced challenges including competition from cheaper imports and operational difficulties, necessitating a targeted production strategy focused on cost optimization. Despite these headwinds, Century Paper maintained its commitment to quality, sustainability, and community engagement, and the company’s stable credit rating was confirmed at ‘AA-‘ for Long-Term and ‘A-1’ for Short-Term.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Sales volume decreased by 8% year-over-year, with 170,187 MT in 2025 versus 184,908 MT in 2024.
📉 Overall selling prices declined by 4% compared to the previous year.
📉 Net sales decreased by 11% year-over-year to Rs 37,281 million.
📉 Gross profit decreased significantly from Rs 4,066 million to Rs 2,664 million.
📉 The gross profit margin narrowed to 7.14% from 9.68%.
⚠️ One-off tax adjustment of Rs 349 million relating to minimum taxes for 2013-2017 following an adverse Supreme Court decision impacted profitability.
❗ Net loss after tax was Rs 345 million, compared to a net profit of Rs 524 million in the prior year.
⚠️ Negative earnings per share (EPS) of Rs (0.86) compared to positive EPS of Rs 1.30 in the prior year.
📊 Contribution to the National Exchequer increased slightly to Rs 8,734 million.
👍 The company completed BMR projects totaling Rs 601 million, aiming to improve reliability and cost competitiveness.
✅ Maintained stable credit ratings of AA- (Long Term) and A-1 (Short Term) from VIS Credit Rating Company Limited.
🌱 Demonstrated commitment to sustainability initiatives through participation in the Carbon Disclosure Project (CDP).
🤝 Continued commitment to ethical labor practices and community engagement programs.

🎯 Investment Thesis

I recommend a HOLD rating for Century Paper. Despite its efforts at digital transformation and commitment to sustainability, the company faces revenue headwinds, resulting in net loss after tax. Also, the company has few environmental compliance procedures in place. The stock may be appropriate for existing investors with a long-term view, but new investors should await a clear turnaround in financial performance. Price target of 31.00.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

Market News Signal: Negative

⚖️ Market News: News Analysis – 2025-10-07 (2025-10-07)

📊 Market Impact Analysis

IMF pushes for taxes on farm inputs. Negatively affects agriculture sector due to increased costs.

🏭 Affected Sectors

Agriculture

🏢 Companies in Focus

Mentioned in News: N/A

Potentially Affected: N/A

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

Written by: FoxLogica News Analysis

Published on: October 7, 2025

Market News Signal: Negative

⚖️ Market News: News Analysis – 2025-10-07 (2025-10-07)

📊 Market Impact Analysis

IMF, Pakistan mull cutting GDP growth forecast to 3.5pc. Negative signal, potentially impacting all sectors due to lower growth expectations.

🏭 Affected Sectors

🏢 Companies in Focus

Mentioned in News: N/A

Potentially Affected: N/A

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

Written by: FoxLogica News Analysis

Published on: October 7, 2025

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