SELL - FoxLogica

📉 DMTM: SELL Signal (8/10) – Transmission of Quarterly Report for the Period Ended March 31,2024

⚡ Flash Summary

Dewan Mushtaq Textile Mills Limited’s recent quarterly report reveals significant challenges due to the ongoing suspension of manufacturing operations since July 2016. The company reported zero net revenue for the period ended March 31, 2024, compared to PKR 3.867 million in the corresponding period last year. This operational halt is attributed to adverse industry conditions and working capital constraints. The company is currently in discussions with lenders to restructure its liabilities, with management expressing hope for a finalized revision that will enable the resumption of operations.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

❌ Zero net revenue reported for the current period, compared to PKR 3.867 million last year due to factory shutdown.
🏭 Manufacturing operations have been suspended since July 2016.
💰 Accumulated losses stand at PKR 712.727 million as of March 31, 2024.
📉 The company reported a loss after taxation of PKR 20.033 million for the nine months ended March 31, 2024.
⚠️ Material uncertainty exists regarding the company’s ability to continue as a going concern.
🤝 Currently restructuring liabilities with lenders, hoping for a positive resolution.
🌐 The company’s future outlook is tied to political firmness and economic stability in the country.
🏢 Negative reserves totaling PKR 667.227 million have been recorded, impacting overall equity.
🛑 Short-term borrowing facilities with a limit of PKR 100 million have expired and not been renewed.
📉 Loss per share (basic and diluted) is reported as PKR (1.73).
🏭 Property, plant, and equipment have a net book value of PKR 792.236 million.
💵 Cash and bank balances remain low at PKR 3.472 million.
❌ Finance cost not provided on long term and short term borrowings resulting in a departure from IAS 23 standards
📉 Trade debts decreased to PKR 10.755 million from PKR 14.244 million

🎯 Investment Thesis

Due to the persistent operational shutdown, mounting losses, and uncertainty surrounding the company’s ability to restructure its liabilities, a SELL recommendation is warranted. The lack of revenue generation and strained financial position make it unlikely that the company will deliver positive returns in the foreseeable future. The price target cannot be accurately determined due to the current challenges.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 11, 2025

announcements GCWL Signal: SELL

📉 GCWL: SELL Signal (7/10) – Disclosure of Interest under PSX Regulation No. 5.6.4

⚡ Flash Summary

Ghani ChemWorld Limited (GCWL) disclosed a transaction by Ghani Chemical Industries Limited, an associated company, on November 11, 2025. The transaction involved the sale of 50,000 shares of GCWL. The nature of the transaction is classified as a ‘SELL’, and the shares were physically settled. This disclosure is in compliance with PSX Regulations 5.6.1.(d) and will be presented in a subsequent board meeting for consideration.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📝 GCWL announced disclosure of interest under PSX Regulation 5.6.4.
📅 Announcement date: November 11, 2025.
🏢 Transaction executed by Ghani Chemical Industries Limited (associated company).
📉 Transaction involved selling 50,000 shares of GCWL.
📜 Form of share certificates: Physical.
🗓️ Transaction date: October 11, 2025.
🤝 Nature of transaction: SELL.
💲 Rate per share: 18.40 (Units not specified).
📊 Cumulative shareholding percentage not disclosed.
✅ Transaction to be presented in the subsequent board meeting.
🚦 Compliance with PSX Regulations 5.6.1.(d) confirmed.
🏢 Company Secretary: FARZAND ALI.

🎯 Investment Thesis

Based on the information available, a SELL signal is appropriate. While the sale of 50,000 shares may not drastically alter GCWL’s fundamentals, the negative sentiment associated with insider selling could pressure the stock price. Further analysis of GCWL’s financials and broader market conditions is recommended. Price target and time horizon depend on overall market trends.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 11, 2025

announcements KSTM Signal: SELL

📉 KSTM: SELL Signal (8/10) – Corporate Briefing Session-2025

⚡ Flash Summary

Khalid Siraj Textile Mills Limited (KSTM) held a corporate briefing session on November 11, 2025, to discuss the company’s performance for the financial year ending June 30, 2025. The company reported a significant loss before taxation of -24.59 million, a substantial decline from the -6.95 million loss in the previous year. Similarly, the net loss after taxation widened to -19.32 million from -13.72 million. This negative performance is attributed to various economic uncertainties and challenges within the textile sector.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 KSTM’s loss before taxation widened to -24.59 million in 2025.
📉 Net loss after taxation increased to -19.32 million in 2025.
🚫 No revenue was generated in 2025, same as 2024.
⚠️ Other operating income decreased by -20.41 million (-34%) in 2025.
🏢 Administrative expenses decreased slightly by 0.13 million (-17%).
⚙️ Other operating expenses decreased by -2.33 million (-12%).
💰 Finance costs increased by 0.04 million (92%).
🇵🇰 Devaluation of the Pakistani Rupee cited as a major challenge.
⚡ Energy crisis remains a concern for the company.
🌍 Stiff competition and reduced textile imports by the US & EU pose additional challenges.
✅ Management aims to improve operational performance through cost-effective niche marketing.
🤝 Hopes for positive impact from changes in government policies and facilitation of the textile sector.
📊 Number of outstanding shares remained constant at 107,000 shares.
📉 Negative owner’s equity worsened from -57.922 million to -77.244 million
📉 Earning per share also decreased from -1.28 to -1.81

🎯 Investment Thesis

Given the deteriorating financial performance, absence of revenue, and various operational and market risks, a SELL recommendation is warranted. The company’s negative owner’s equity and widening losses make it an unattractive investment. The lack of a clear turnaround strategy and dependence on external factors further reinforce the negative outlook. While the management expresses optimism, the current financial situation indicates a high probability of continued losses and challenges. The price target is set significantly below current levels, reflecting the distressed nature of the company.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 11, 2025

announcements LSEFSL Signal: SELL

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

⚡ Flash Summary

LSE Financial Services Limited (LSEFSL) reported a Loss after tax of Rs. 16.484 million for the quarter ended September 30, 2025, a significant downturn compared to a Profit after tax of Rs. 8.361 million in the same quarter of the previous year. This resulted in a basic and diluted loss per share of Rs. (0.46) compared to earnings per share of Rs. 0.23 in the corresponding period. The company is undergoing a strategic shift following the surrender of its NBFC license and a focus on investments in securities and real assets. A court-approved scheme involves the transfer of assets and liabilities and reconstruction of share capital.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Loss after tax: Rs. 16.484 million, a sharp contrast to last year’s profit.
📉 EPS: Negative Rs. (0.46) vs. positive Rs. 0.23 last year.
📝 Strategic Shift: Surrendered NBFC license, focusing on investment in securities and real assets.
🏛️ Court Approval: Scheme of Compromises, Arrangement and Reconstruction approved.
🤝 Merger: Scheme of Compromises, Arrangement and Reconstruction with Digital Custodian Company Limited.
💼 Asset Transfer: Transfer of designated assets and liabilities as per court order.
🔄 Share Reconstruction: Reconstruction of share capital and reserves.
🏢 Business Change: Shift in principal line of business towards investments.
📜 Regulatory Compliance: Adhering to Companies Act, 2017.
🏦 Long Term Finance: Maintained Long Term Finance of Rs 7.391 million.
📉 Revenue: Revenue decreased from Rs. 8.901 million to Rs 7.262 million.
⬆️ Other Income: Other Income decreased from Rs. 6.698 million to Rs 2.457 million.

🎯 Investment Thesis

SELL. LSEFSL’s current financial performance is weak, and the strategic shift introduces significant uncertainty. The transition from an NBFC to an investment-focused entity carries execution risks. The negative EPS and declining revenue raise concerns about the company’s ability to generate returns in the near term. Price Target: Rs 5.00 Time Horizon: 12 months. The price target reflects potential further declines given the challenging circumstances.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 11, 2025

announcements SGPL Signal: SELL

📉 SGPL: 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

On November 10, 2025, S.G. Power Limited disclosed that Mr. Sohail Ahmed, the Chief Executive/Director, executed a sale of 12 shares of the company on July 11, 2025. The shares were sold at a rate of Rs. 12.3 per share. The shares were held in CDC form. This transaction will be presented to the Board for consideration as per PSX Regulations.

Signal: SELL 📉

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚨 Director/CEO Sohail Ahmed sold shares.
🗓️ Transaction date: July 11, 2025.
📉 Nature of transaction: Sale.
🔢 Number of shares sold: 12.
💰 Sale rate: Rs. 12.3 per share.
🏦 Shares held in CDC form.
📜 Disclosure made on November 10, 2025.
🏢 Company: S.G. Power Limited.
📌 Transaction to be presented to the Board.
🇵🇰 PSX Regulations compliance.
👨‍💼 Sohail Ahmed’s position: Chief Executive/Director.
📑 Disclosure u/c 5.6.1.(d) of PSX Regulations.

🎯 Investment Thesis

Based on the disclosure of a director selling a small number of shares, a HOLD recommendation is appropriate. While the transaction itself is not significantly impactful, it warrants monitoring for further insider selling activity. A BUY or SELL recommendation would require a more thorough analysis of S.G. Power’s financials and market position. The price target is difficult to determine without a full valuation, so it is kept at the current price. Time horizon is MEDIUM_TERM until more information is available.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 10, 2025

announcements Signal: SELL

📉 FML: SELL Signal (7/10) – Presentation Corporate Briefing Session 2025

⚡ Flash Summary

Feroze1888 Mills Limited’s corporate briefing session for 2025 reveals a challenging financial performance. Revenue has decreased by 5.23% from PKR 70 billion in FY’24 to PKR 66 billion in FY’25. Profit after tax (PAT) suffered a significant drop of 82.70%, falling from PKR 0.6 billion to PKR 0.09 billion. EBITDA also declined by 15.92%, decreasing from PKR 8.1 billion to PKR 6.8 billion.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue decreased by 5.23% from PKR 70Bn (FY’24) to PKR 66Bn (FY’25).
📉 Profit After Tax (PAT) plummeted by 82.70%, dropping from PKR 0.6Bn to PKR 0.09Bn.
📉 EBITDA declined by 15.92%, from PKR 8.1Bn to PKR 6.8Bn.
🌿 The company planted 170,000+ trees for climate change.
☀️ Solar energy generation increased by 300% compared to FY’22.
💧 Water saving projects reported 289,253+ gallons saved per day.
👩‍💼 Female employee strength increased by 56%.
💰 Investment in CSR activities reached PKR 33.5 million.
🤝 Sponsored 22 marriages of female employees/workers.
📉 Cotton prices saw a decrease of 4.8%.
📉 Finance cost decreased by 13%.
⬆️ Gas rates increased by 37%.
⬆️ Salaries and wages increased by 15.6%.
🏆 Received Women Empowerment & Gender Equality Recognition Award 2025.

🎯 Investment Thesis

Based on the declining financial performance and profitability, a SELL recommendation is warranted for Feroze1888 Mills Limited. The company faces significant headwinds in terms of revenue growth and profitability, which are unlikely to be resolved in the near term. I am setting a price target 20% lower than current share price, with a medium term (6-12 months) investment horizon, accounting for the negative trends and associated risks.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 10, 2025

announcements Signal: SELL TSBL

📉 TSBL: 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/s 5.6.4 of PSX Regulations

⚡ Flash Summary

On November 7, 2025, Trust Securities & Brokerage Limited (TSBL) disclosed a sale transaction by Mr. Ahmad Kamal, with CNIC # 42201-0470492-3. Mr. Kamal sold 24,000 ordinary shares of TSBL at a price of PKR 29.00 per share. The transaction was executed through the ready market, with shares held in CDC form. This disclosure complies with PSX Rule Book 5.6.4.

Signal: SELL 📉

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚨 Insider Sale: Mr. Ahmad Kamal sold 24,000 shares.
📅 Transaction Date: Sale occurred on November 05, 2025.
💰 Price per Share: Shares sold at PKR 29.00 each.
📄 Form of Shares: Shares were held in CDC (Central Depository Company) form.
💹 Transaction Type: Sale executed through the ready market.
🏢 Regulatory Compliance: Disclosure made under PSX Rule Book 5.6.4.
👤 Seller Details: Mr. Ahmad Kamal identified by CNIC # 42201-0470492-3.
📉 Potential Price Impact: Insider selling may exert downward pressure on TSBL’s stock price.
🧐 Market Sentiment: Investors might interpret this sale negatively, indicating a lack of confidence.
🧾 Disclosure Purpose: Aims to maintain transparency and prevent insider trading.
🔍 Monitoring Required: Further observation needed to assess impact on TSBL’s trading volume and price stability.
💼 Company Notification: TSBL sponsor notified the exchange about the transaction.

🎯 Investment Thesis

Given the insider selling, a HOLD/SELL recommendation is appropriate. While not definitively bearish, it warrants caution. Investors should monitor TSBL’s subsequent trading patterns and news for further signals. A potential price target would depend on further financial analysis and sector comparisons, requiring more information. Time horizon: Short to Medium Term, pending more data.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements KSTM Signal: SELL

📉 KSTM: SELL Signal (8/10) – Corporate Briefing Session FY 30-06-2025

⚡ Flash Summary

Khalid Siraj Textile Mills Limited (KSTM) held a corporate briefing session for the year ended June 30, 2025. The company’s financial performance has been poor, with significant losses reported for the year 2025 compared to previous years. Total assets have decreased, and shareholders’ equity is negative. The management remains optimistic about future performance, citing potential benefits from government policies and the IMF bailout package.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 KSTM reported a net loss of Rs -19.32 million in 2025, compared to a loss of Rs -13.72 million in 2024.
❌ Profit/Loss before taxation was Rs -24.59 million in 2025, significantly down from Rs -6.95 million in 2024.
Revenue was Rs 0.00 million in both 2025 and 2024, indicating no sales during the year.
💸 Other operating income decreased drastically to Rs 0.00 million in 2025 from Rs 20.41 million in 2024.
📊 Administrative and general expenses decreased slightly to Rs 3.26 million in 2025 from Rs 3.39 million in 2024.
🏭 Other operating expenses decreased to Rs 21.25 million in 2025 from Rs 23.58 million in 2024.
💰 Finance costs increased to Rs 0.08 million in 2025 from Rs 0.12 million in 2024.
📉 Total assets decreased to Rs 303.065 million in 2025 from Rs 324.307 million in 2024.
📉 Shareholders’ equity is negative, with Rs -77.244 million in 2025 compared to Rs -57.922 million in 2024.
📉 Break-up value per share is negative at Rs -7.22 in 2025, compared to Rs -5.41 in 2024.
📉 Earning per share (basic) is negative at Rs -1.81 in 2025, compared to Rs -1.28 in 2024.
⚠️ The company faces challenges including stiff competition, removal of subsidies, devaluation of the Pakistani Rupee, and higher markup rates due to inflation.
🌍 Potential risks include US & EU cutting imports of textiles from Pakistan.

🎯 Investment Thesis

Given the deteriorating financial performance, negative equity, and challenging economic environment, a SELL recommendation is warranted. There is no clear path to profitability or recovery in the short to medium term. The price target is significantly below current levels, reflecting the substantial risks and financial distress.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: SELL STPL

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

⚡ Flash Summary

Siddiqsons Tin Plate Limited (STPL) reported financial results for the year ended June 30, 2025, revealing a concerning net loss of PKR 255.12 million, a sharp decline from the PKR 2,058.50 million loss in the previous year. The company did not recommend any cash dividend, bonus shares, or right shares. Revenue decreased significantly from PKR 4,075.58 million to PKR 2,023.04 million year-over-year. The annual general meeting is scheduled for November 27, 2025.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

❌ STPL reports a net loss of PKR 255.12 million for FY2025, improving from a PKR 2,058.50 million loss in FY2024.
📉 Revenue declined drastically from PKR 4,075.58 million to PKR 2,023.04 million year-over-year.
⛔ No cash dividend, bonus shares, or right shares were recommended by the Board.
🗓️ The Annual General Meeting will be held on November 27, 2025.
📉 Gross profit decreased from a loss of PKR 55.47 million to a profit of PKR 221.78 million.
⚠️ Loss per share significantly decreased from (8.98) to (1.11).
📉 Total assets increased slightly from PKR 4,438.52 million to PKR 4,451.33 million.
🔻Trade debts increased substantially from PKR 38.16 million to PKR 194.01 million, potentially indicating collection issues.
💸 Operating cash flows improved from negative PKR 995.88 million to positive PKR 117.64 million.
📉 Long-term finances decreased from PKR 142.20 million to PKR 45.62 million.
💰 Shareholder equity decreased from PKR 1,162.58 million to PKR 907.46 million due to accumulated losses.
👍🏼 Trade and other payables increased from PKR 1,019.15 million to PKR 1,081.93 million.
📉 Cash and cash equivalents declined from negative PKR 500.09 million to negative PKR 573.13 million.

🎯 Investment Thesis

Based on the declining revenue, continued losses, and weak financial position, a SELL recommendation is appropriate. STPL faces significant challenges, and the lack of dividends further diminishes its appeal. A price target of PKR 1.00 is set, with a time horizon of 6 months, reflecting the potential for continued losses and limited recovery prospects.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: SELL UDLI

📉 UDLI: SELL Signal (6/10) – Detail of Interest by an Associated Company

⚡ Flash Summary

On November 07, 2025, UDL International Limited disclosed that First UDL Modaraba Staff Provident Fund, an associated company, sold 27,000 shares of UDL on the Ready market on November 6, 2025. The sale was executed at a rate of PKR 20.47 per share. Following this transaction, the cumulative shareholding of First UDL Modaraba Staff Provident Fund stands at 90,000 shares, representing 0.26% of the total shareholding. This transaction will be presented in the subsequent board meeting.

Signal: SELL 📉

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 Date of Announcement: November 07, 2025
🤝 Associated Company: First UDL Modaraba Staff Provident Fund
📉 Transaction Type: Sale of shares
🔢 Number of Shares Sold: 27,000
💲 Sale Price per Share: PKR 20.47
🗓️ Transaction Date: November 06, 2025
🏦 Market: Ready
📊 Cumulative Shareholding After Transaction: 90,000 shares
📉 Percentage of Shareholding After Transaction: 0.26%
📜 Form of Share Certificates: CDC
🏢 Transaction Presentation: Will be presented in the subsequent board meeting
👤 Company Secretary: Muhammad Faisal Siddiqui

🎯 Investment Thesis

Based on this announcement, a HOLD recommendation is warranted. The sale by an associated company is a slightly negative signal, but the percentage of shareholding is small. It warrants further investigation before making a more decisive move. Price target and time horizon will depend on further developments and the company’s fundamentals.

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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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