SELL - FoxLogica

📉 TPLP: SELL Signal (7/10) – 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

On October 10, 2025, Muhammad Ali Jameel, a Director of TPL Properties Limited (TPLP), sold 950,000 shares of the company at a rate of PKR 11.95 per share. The transaction was executed in the Ready market through CDS certificates. Following this transaction, Muhammad Ali Jameel’s cumulative shareholding in TPLP stands at 39,811,916 shares, representing 7.10% of the total shareholding. This disclosure, dated October 17, 2025, is in compliance with Clause 5.6.4 of the PSX Regulations.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

👨‍💼 Director Muhammad Ali Jameel sold shares.
🗓️ Transaction date: October 10, 2025.
📉 950,000 shares were sold.
💰 Sale price: PKR 11.95 per share.
📜 Shares held in CDS form.
Market: Ready Market.
📊 Post-transaction holding: 39,811,916 shares.
Ownership stake: 7.10%.
Regulatory disclosure as per PSX regulations.
Board meeting to review transaction.
Disclosure date: October 17, 2025.

🎯 Investment Thesis

SELL. The sale of a significant number of shares by a director is often perceived negatively by the market. While this single transaction does not provide a complete picture, it warrants caution. A price target cannot be accurately determined based on this information alone, but a re-evaluation of the company’s prospects is advised over a MEDIUM_TERM horizon.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 20, 2025

announcements Signal: SELL UCAPM

📉 UCAPM: SELL Signal (7/10) – UCAPM | Unicap Modaraba Disclosure of Change in Interest by Shareholder

⚡ Flash Summary

Map Out Management Company (Private) Limited, a shareholder of Unicap Modaraba, executed transactions to sell shares on October 1st and 2nd, 2025. On October 1st, they sold 20,000 shares at a rate of 5.73, and on October 2nd, they sold 25,000 shares at a rate of 5.86. Both transactions were conducted electronically. The company disclosed this change in interest as required by PSX regulations and will present it at the subsequent board meeting.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Map Out Management Co. sold 20,000 shares on October 1st, 2025.
💰 The shares were sold at a rate of 5.73 per share on October 1st.
🗓️ Another 25,000 shares were sold on October 2nd, 2025.
💸 The selling rate on October 2nd was slightly higher at 5.86 per share.
💻 Both transactions were executed electronically.
📄 The disclosure is in compliance with clause No. 5.6.4 of PSX Regulations.
🏢 The transactions will be discussed at the upcoming board meeting.
👤 Map Out Management Co. is identified as a shareholder.
📢 The announcement was made by Unicap Modaraba.
📅 The announcement is dated October 2, 2025.

🎯 Investment Thesis

Based on the information available, a SELL recommendation is warranted. The sale of shares by a major shareholder often signals a lack of confidence or a portfolio reallocation. While this single event does not paint the whole picture, there are more questions than answers. A potential price target would be lower than the current market. Time horizon is MEDIUM_TERM, as more information is needed to refine the thesis.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 20, 2025

announcements Signal: SELL TPLP

📉 TPLP: SELL Signal (7/10) – 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

On October 10, 2025, Muhammad Ali Jameel, a director of TPL Properties Limited (TPLP), sold 950,000 shares of the company at a rate of PKR 11.95 per share. The transaction was executed on the Ready market through CDS certificates. Following this transaction, Muhammad Ali Jameel’s cumulative shareholding in TPLP stands at 39,811,916 shares, representing 7.10% of the total shareholding. This disclosure is made in compliance with PSX Regulations u/c 5.6.4, ensuring transparency regarding directors’ trading activities.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

🚨 Director Muhammad Ali Jameel sold 950,000 shares of TPL Properties Limited.
🗓️ Transaction date: October 10, 2025.
💰 Sale price: PKR 11.95 per share.
📊 Execution via CDS certificates on the Ready market.
📉 Post-transaction, Jameel holds 39,811,916 shares.
💼 Cumulative shareholding now represents 7.10% of TPLP.
📜 Disclosure under PSX Regulations u/c 5.6.4.
🔍 The transaction will be reviewed at the subsequent Board meeting.
🏢 TPL Properties Limited (TPLP) is the listed entity.
🏢 Announcement made on October 17, 2025.
📍 Company based in Karachi, Pakistan.

🎯 Investment Thesis

SELL. The sale of a substantial number of shares by a director is a concerning signal. While it doesn’t necessarily indicate fundamental problems, it could negatively impact market confidence. Given the limited information, a conservative approach is warranted. Price target: PKR 10. Time horizon: Short-term (3 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025

announcements Signal: SELL UCAPM

📉 UCAPM: SELL Signal (7/10) – UCAPM | Unicap Modaraba Disclosure of Change in Interest by Shareholder

⚡ Flash Summary

Map Out Management Company (Private) Limited, a shareholder of Unicap Modaraba, executed transactions to sell shares on October 1st and 2nd, 2025. On October 1st, they sold 20,000 shares at a rate of 5.73 per share, and on October 2nd, they sold 25,000 shares at a rate of 5.86 per share. Both transactions were executed electronically. These transactions will be presented at an upcoming board meeting for consideration as per PSX regulations.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Map Out Management sold 20,000 shares on October 1st, 2025.
💰 Sale price on October 1st was PKR 5.73 per share.
📅 Map Out Management sold an additional 25,000 shares on October 2nd, 2025.
📈 Sale price on October 2nd was PKR 5.86 per share.
💻 All transactions were executed electronically.
🏢 Map Out Management Company (Private) Limited is the seller.
📜 The disclosure pertains to a change in shareholder interest.
🗓️ Relevant dates are October 1st and 2nd, 2025.
📑 Transactions will be reviewed in the subsequent board meeting.
🇵🇰 The Exchange is PSX (Pakistan Stock Exchange).
⚖️ The transaction falls under clause 5.6.4 of PSX Regulations.

🎯 Investment Thesis

Based on the information provided, a SELL recommendation is warranted. The sale of shares by a major shareholder often leads to decreased investor confidence and short-term price decline. Without more information, it is recommended to exit the position and seek other investment opportunities. Price target: PKR 5.20. Time Horizon: Short Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025

announcements Signal: SELL

📉 SWL: SELL Signal (8/10) – Transmission of 2nd Quarter Accounts for Ended 30th June, 2025

⚡ Flash Summary

Standard Worldwide Limited reported a loss after taxation of Rs. 1.327 million for the half-year ended June 30, 2025, compared to a loss of Rs. 0.667 million in the same period last year. The company’s accumulated losses have increased to Rs. 54.390 million, and its net equity remains negative. The auditors have raised concerns about the company’s ability to continue as a going concern, as its current liabilities exceed current assets by Rs. 55.963 million. The company is focusing on relaunching as a non-insurance enterprise, exploring opportunities in high-growth sectors, and finalizing turnaround plans.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

⚠️ Loss after taxation increased to Rs. 1.327 million in H1 2025 from Rs. 0.667 million in H1 2024.
📉 Accumulated losses worsened to Rs. 54.390 million as of June 30, 2025.
💔 Negative net equity of Rs. 44.390 million indicates significant financial distress.
😬 Current liabilities exceed current assets by Rs. 55.963 million, raising solvency concerns.
🛑 Auditor’s report highlights the company’s non-going concern status.
🏢 Company owns a 100-year-old heritage building with potential for redevelopment.
🤝 Finalized agreement with the Central Depository Company (CDC) for book-entry transactions.
🔄 Exploring opportunities in high-growth sectors like FMCG for strategic redirection.
🌱 Plans to relaunch as a non-insurance enterprise to drive economic development.
📅 Shareholders meeting planned to discuss turnaround strategies.
📜 Regulatory approvals obtained for change of name and object clause.
✅ Winding-up petition filed by SECP withdrawn following the Company’s appeal.
💼 Company changed its object clause and is now focused on real estate marketing and development.
🏦 Borrowings from directors of Rs 38.9 million.

🎯 Investment Thesis

Given the significant financial distress and going concern issues, a SELL recommendation is warranted. The company’s negative equity, rising losses, and liquidity crisis suggest a high risk of further value erosion. While the company is pursuing a turnaround strategy, the uncertainties surrounding its execution and the highly speculative nature of its future prospects make it an unattractive investment at this time. The price target is Rs 0.0, reflecting the high probability of insolvency and liquidation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025

announcements HRPL Signal: SELL

📉 HRPL: SELL Signal (7/10) – Corporate Briefing Session

⚡ Flash Summary

Habib Rice Products Ltd. (HRPL) held a corporate briefing session on October 25, 2025, to discuss the company’s current financial performance and outlook. The company is progressing with its Biomass Cogen Power and Steam Plant project to mitigate frequent power failures, with civil work expected to be completed by the end of November 2025. HRPL is also in the process of liquidating its 100% owned subsidiary, Habib Rice Products FZE in Sharjah, UAE, to avoid fixed recurring costs due to prolonged visa restrictions. Financial results presented show a net loss of (155.712) million rupees, and a decrease in sales.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

1. 🗓️ Corporate briefing session held on October 25, 2025.
2. 🏭 Progressing with Biomass Cogen Power and Steam Plant project.
3. 🚧 Civil work for the Cogen Power Plant budgeted for completion by end of November 2025.
4. 🌍 Liquidating 100% owned subsidiary Habib Rice Products FZE in Sharjah, UAE.
5. 💸 Liquidation aimed at avoiding fixed recurring costs due to visa restrictions.
6. 📉 Net Sales decreased from 2,340 million to 2,136 million rupees (year-over-year).
7. 📉 Net loss of (155.712) million rupees, increased loss from (92.434) million in the prior year.
8. 📉 Earnings per share (EPS) decreased to (3.89) from (2.31).
9. 🚫 No dividend was announced.
10. 🏢 Registered office is located at 2nd Floor, UBL Building, I.I Chundrigar Road, Karachi.
11. 🧑‍💼 Senior management discussed the company’s financial performance and outlook.
12. 🌾 HRPL produces organic and non-GM conventional rice-based sweeteners, polyols, and protein concentrates.
13. 📅 Financial results are for the year ended June 30, 2025.
14. 💼 Auditors are Grant Thornton Anjum Rahman, Chartered Accountants.
15. 🏛️ The briefing was held at The Institute of Chartered Accountants of Pakistan (ICAP), Karachi.

🎯 Investment Thesis

Given the company’s recent financial performance, characterized by declining sales, increased losses, and negative earnings per share, a SELL recommendation is appropriate. There is not enough information to determine a likely price target. These negative indicators raise concerns about the company’s short term outlook, as well as the long term viability of its existing strategy.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025

announcements KSTM Signal: SELL

📉 KSTM: SELL Signal (8/10) – Transmission of Annual Audited Accounts for The Year Ended June 30, 2025

⚡ Flash Summary

Khalid Siraj Textile Mills Limited (KSTM) reported a net loss after taxation of Rs. (19.323) million for the year ended June 30, 2025, compared to a loss of Rs. (13.725) million in the previous year. The company continues to face operational challenges, having ceased manufacturing in November 2013. The auditor has issued a disclaimer of opinion due to several factors, including recurring losses, unpaid short-term borrowings, and non-compliance with corporate governance regulations. The Board does not recommend any dividend for the year.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

❌ KSTM’s net loss after taxation increased to Rs. (19.323) million in 2025 from Rs. (13.725) million in 2024.
⚠️ The company has ceased manufacturing operations since November 2013.
📉 Accumulated losses stand at Rs. 399.195 million as of June 30, 2025.
💰 Current liabilities exceed current assets by Rs. 183.024 million.
❓ Auditor issued a disclaimer of opinion due to concerns about the going concern assumption.
🚫 The company did not recognize mark-up expense of Rs. 16.791 million on short-term borrowings due to ongoing disputes.
🏦 The company couldn’t provide confirmations for Rs. 68.180 million in short-term borrowings.
📄 The company couldn’t provide confirmations for Rs. 153.895 million in long-term finances.
🧾 Trade and other payables totaling Rs. 77.342 million lack direct balance confirmations.
❌ The company failed to submit its income tax return for 2024 and 2023.
Compliance issues with the Listed Companies (Code of Corporate Governance) Regulations, 2019 were identified.
❌ There is no Independent Director in the Company.
😬 The required number of Directors have not participated in the Director Training Program.
The auditor noted that the company is not in compliance with IFRS and IAS standards.
No dividend recommended by the board.

🎯 Investment Thesis

Based on the persistent losses, disclaimer of opinion, operational challenges, and compliance issues, a SELL recommendation is warranted. The company’s financial distress and unreliable financial reporting make it an extremely risky investment. The price target is below the current market level, based on the negative book value and very high uncertainty. The time horizon is short to medium term, as the company’s financial situation could deteriorate rapidly.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 16, 2025

announcements Signal: SELL

📉 KEL: SELL Signal (8/10) – Disclosure of Material Information

⚡ Flash Summary

K-Electric Limited (KEL) is facing uncertainty regarding the potential sale of a majority stake in KES Power Limited (KESP), the majority shareholder of KEL. A Memorandum of Understanding (MoU) was reportedly signed with a Saudi investor, but Al Jomaih Power Limited (AJP), a KESP shareholder, claims no knowledge of the transaction. AJP further asserts that Mr. Shaheryar Chishty, reportedly involved in the deal, does not own shares in KESP and lacks the authority to sell them, potentially violating shareholder agreements. This situation introduces significant risks for KEL investors until clarity emerges regarding the ownership and control of KESP.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

🚨 Uncertainty surrounds the potential sale of KES Power Limited (KESP).
🤝 A Memorandum of Understanding (MoU) was reportedly signed with a Saudi investor.
🤔 Al Jomaih Power Limited (AJP) denies knowledge of the transaction.
❌ Mr. Shaheryar Chishty reportedly does not own shares in KESP.
⚖️ Legal challenges exist regarding control of SPV 21, a KESP shareholder.
📜 Shareholder agreements (SHA) may be breached.
🇸🇦 The involvement of Saudi officials is creating an appearance of official endorsement without direct confirmation.
📰 Media reports may be influencing public opinion.
🕰️ The lack of transparency raises concerns about governance.
⚠️ The legal battles add complexity and risk.
📉 The uncertainty could negatively impact KEL’s share price in the short term.
🕵️‍♂️ Due diligence is crucial for investors.
🗓️ The next steps involve legal proceedings and shareholder negotiations.

🎯 Investment Thesis

Given the substantial uncertainty surrounding the potential sale of a majority stake in KES Power, the majority shareholder of K-Electric, I recommend a SELL rating. The lack of transparency, potential breaches of shareholder agreements, and ongoing legal battles create significant risks. I am establishing a price target of PKR 2.50, 20% discount on current trading price, with a short-term time horizon of 3 months. This recommendation will be reviewed and updated as more information becomes available.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 16, 2025

announcements Signal: SELL TPLP

📉 TPLP: SELL Signal (7/10) – 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

On October 15, 2025, TPL Properties Limited (TPLP) disclosed a transaction by a Director, Muhammad Ali Jameel, involving the sale of 428,735 shares on August 10, 2025, at a rate of Rs. 11.35 per share. The shares were transacted in the ready market through CDS certificates. Following the transaction, Muhammad Ali Jameel’s cumulative shareholding stands at 42,711,916 shares, representing 7.61% of the company. This information is disclosed under PSX Regulations 5.6.1.(d) and will be presented in the subsequent Board meeting for review and compliance.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📝 Director Muhammad Ali Jameel sold 428,735 shares of TPLP on 08-10-2025.
💰 The sale price was Rs. 11.35 per share.
🏦 The transaction was executed in the ready market.
📊 CDS (Central Depository System) certificates were used for the transaction.
📉 Post-transaction, Muhammad Ali Jameel holds 42,711,916 shares.
🎯 This represents 7.61% of TPLP’s total shareholding.
📜 The disclosure is in compliance with PSX Regulations 5.6.1.(d).
🏢 The transaction will be reviewed in the next Board meeting.
🗓️ The disclosure date is October 15, 2025.
💼 Shayan Mufti, the Company Secretary, signed the disclosure.
📍 TPL Properties Ltd. is located in Karachi, Pakistan.
🏢 The Pakistan Stock Exchange was notified of the transaction.

🎯 Investment Thesis

Based on the director’s sale of shares, a SELL recommendation is warranted. The director’s decision to reduce their holdings may indicate concerns about the company’s prospects. A price target needs to be established after analyzing the company’s financials and doing a valuation based on the current market conditions and sector trends. Time horizon for the sell is short-term, pending more data.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 15, 2025

announcements DKTM Signal: SELL

📉 DKTM: SELL Signal (9/10) – Financial Results for the Quarter Ended December 31,2023

⚡ Flash Summary

Dewan Khalid Textile Mills Limited reported its unaudited financial results for the half-year ended December 31, 2023. The company continues to experience significant financial challenges. The auditors have expressed an adverse opinion on the company’s going concern status, citing closure of operations and default in repayment of restructured liabilities. There is no dividend recommended for the period.

Signal: SELL 📉

Strength: 9/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

❌ No cash dividend, bonus shares, or right shares were recommended.
📉 Loss after taxation for the half-year ended December 31, 2023, was PKR (20.03) million, compared to PKR (31.50) million for the same period last year.
📉 Loss per share (basic and diluted) decreased to PKR (2.08) from PKR (3.28) in the prior year’s corresponding period.
❗ Auditors have expressed an adverse opinion on the company’s going concern status.
📉 Operating loss for the half-year was PKR (19.88) million, compared to PKR (26.45) million last year.
⚠️ Finance costs amounted to PKR (4.70) million, compared to PKR (7.35) million in the same period last year.
✅ Other income totaled PKR 2.53 million for the half-year.
📉 Loss before taxation was PKR (22.04) million compared to PKR (33.80) million.
⬆️ Deferred taxation showed income of PKR 2.01 million compared to PKR 2.29 million.
📉 Net cash inflow from operating activities was PKR 0.35 million compared to an outflow of PKR (3.85) million.
❗ The company has significant accumulated losses of PKR (880.93) million as of December 31, 2023.
⚠️ Total liabilities exceed total assets.

🎯 Investment Thesis

Given the adverse auditor opinion, persistent losses, negative equity, and operational challenges, a SELL recommendation is warranted. The company’s financial health is severely compromised, indicating a high risk of further value erosion. The current state suggests that the company may not be able to continue as a going concern.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 15, 2025

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