SELL - FoxLogica

📉 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

announcements MERIT Signal: SELL

📉 MERIT: SELL Signal (7/10) – PRESENTATION-CORPORATE BRIEFING SESSION-MERIT PACKAGING LIMITED

⚡ Flash Summary

Merit Packaging Limited held a corporate briefing session on November 10, 2025. The presentation highlighted the company’s history, customer portfolio, certifications, vision, mission, values, culture, CSR activities, sustainable packaging initiatives, and production facility. Financial performance was also presented, showing a decrease in sales and profitability for the year 2025 compared to 2024, along with a loss per share. The outlook addressed potential global conflict escalations and their impact on international prices.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

Established in 1980, with over 4 decades of experience in packaging 📦.
Customer portfolio includes local and multi-national corporations 🤝.
Certifications include FSSC 22000, ISO 9001, and Halal Certification ✅.
Vision to be a preeminent force in the packaging industry 🎯.
Mission focused on client collaboration and sustainable solutions ♻️.
CSR activities include blood donation and ration distribution 🩸.
Sustainable packaging using FSC-certified board 🌳.
Production capacity exceeds 900 MT per month 🏭.
Sponsor support includes Rs. 1.4 billion injection in FY 2022 💰.
Sales decreased to Rs. 5,280.932 million in 2025 from Rs. 6,638.477 million in 2024 📉.
Gross profit/loss was negative Rs. (28.734) million in 2025 compared to Rs. 458.113 million in 2024 📉.
Operating loss was Rs. (350.305) million in 2025, down from Rs. 248.569 million in 2024 📉.
Loss per share was (Rs. 3.00) in 2025 📉.
EBITDA dropped to (117) in 2025, compared to 485 in 2024 📉.
Global conflict escalations impacting international prices is identified as a risk ⚠️.

🎯 Investment Thesis

Given the considerable decline in financial performance and the negative outlook, a SELL recommendation is warranted. The significant decrease in revenue and the transition to a net loss indicate substantial challenges. The company’s ability to recover profitability is uncertain. Also global conflict escalations are impacting international prices, this poses threat to earnings and potentially increases costs.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements NPL Signal: SELL

📉 NPL: SELL Signal (8/10) – Financial Results for the 1st Quarter ended September 30, 2025

⚡ Flash Summary

Nishat Power Limited’s Q1 2026 financial results reveal a significant decline in revenue and profitability compared to the same period last year. Revenue decreased substantially, leading to a sharp drop in gross profit and profit after taxation. The decrease in earnings per share reflects the decline in profitability. While other income remained relatively stable, administrative expenses saw a minor increase. The company did not declare any cash dividend, bonus shares, or right shares for the quarter.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue from contracts with customers decreased by 38.8% YoY, from PKR 2,731.3 million to PKR 1,672.1 million.
💰 Cost of sales decreased by 3% YoY, from PKR 1,320.4 million to PKR 1,281.5 million.
📉 Gross profit decreased by 72.3% YoY, from PKR 1,410.9 million to PKR 390.6 million.
🏢 Administrative expenses increased by 4.7% YoY, from PKR 123.5 million to PKR 129.3 million.
⬆️ Other income decreased by 1.9% YoY, from PKR 444.3 million to PKR 435.9 million.
📉 Profit from operations decreased by 59.7% YoY, from PKR 1,731.6 million to PKR 697.2 million.
📉 Finance cost increased by 29.7% YoY, from PKR 5.4 million to PKR 7.0 million.
📉 Profit before levy and taxation decreased by 60.0% YoY, from PKR 1,726.2 million to PKR 690.2 million.
💸 Levy expenses decreased by 99.1% YoY, from PKR 55.8 million to PKR 0.5 million.
📉 Profit before taxation decreased by 58.7% YoY, from PKR 1,670.4 million to PKR 689.7 million.
📉 Taxation expenses increased significantly from PKR 18.4 million to PKR 105.4 million.
📉 Profit after taxation decreased by 64.6% YoY, from PKR 1,652.0 million to PKR 584.3 million.
📉 Earnings per share (EPS) decreased by 64.7% YoY, from PKR 4.67 to PKR 1.65.
🚫 No cash dividend, bonus shares, or right shares were declared.

🎯 Investment Thesis

Given the significant decline in revenue, profitability, and EPS, a SELL recommendation is warranted for Nishat Power Limited. The company’s financial performance indicates substantial challenges in its operational environment, and the lack of dividend declaration further diminishes its attractiveness to investors. The price target should be revised downwards to reflect the deteriorating financial outlook, with a short-term time horizon to account for potential further declines. More valuation is needed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements AWT-FUNDS Signal: SELL

📉 AWT-FUNDS: SELL Signal (8/10) – Financial Results for the quarter ended September 30, 2025

⚡ Flash Summary

The AWT Income Fund reports its financials for the quarter ended September 30, 2025. Net assets decreased from 1,908,100,000 to 1,805,105,000. The net income for the period after taxation decreased from 102,620,000 to 44,588,000. The number of units in issue also saw a decrease from 17,238,982 to 15,924,772.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net assets decreased by 5.4% from June 30, 2025, to September 30, 2025.
💰 Total assets decreased from PKR 2,008,461,000 to PKR 1,856,418,000.
📉 Total liabilities decreased significantly from PKR 100,361,000 to PKR 51,313,000.
💸 Net income for the quarter decreased substantially from PKR 102,620,000 to PKR 44,588,000.
📉 Earnings per unit decreased, reflecting lower profitability.
📉 Number of units in issue decreased from 17,238,982 to 15,924,772.
🔻 Net assets value per unit increased slightly from PKR 110.6851 to PKR 113.3520.
⬇️ Cash and cash equivalents decreased from PKR 375,491,000 to PKR 250,401,000.
📉 Mark-up income decreased from PKR 84,228,000 to PKR 52,250,000.
⬇️ Total income decreased from PKR 111,339,000 to PKR 51,595,000.
📈 Expenses decreased slightly from PKR 8,719,000 to PKR 7,007,000.

🎯 Investment Thesis

Based on the financial results for the quarter ended September 30, 2025, a SELL recommendation is warranted for AWT Income Fund. The significant decrease in net income, assets, and earnings per unit indicates a weakening financial position. The price target rationale is based on the expectation of continued underperformance given the current trends. The time horizon for this recommendation is medium-term, as the fund may take some time to stabilize or improve its performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 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 22, 2025, TPL Properties Limited disclosed a transaction executed by a substantial shareholder, TPL Corp Limited. On October 14, 2025, TPL Corp Limited sold 1,650,200 shares at a rate of PKR 11.88 per share. The transaction was executed in the ready market through CDS. Following this transaction, TPL Corp Limited’s cumulative shareholding stands at 190,684,802 shares, representing 33.98% of the company.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 TPL Corp Limited sold 1,650,200 shares of TPL Properties.
📅 The transaction occurred on October 14, 2025.
💰 The sale price was PKR 11.88 per share.
🏢 The transaction was executed by a substantial shareholder.
📊 The form of shares was CDS (Central Depository System).
🚦 The market for the transaction was ‘Ready’.
🎯 Post-transaction, TPL Corp Limited holds 190,684,802 shares.
⚖️ This represents 33.98% of TPL Properties Limited.
📢 The disclosure was made on October 22, 2025.
📜 The disclosure is in accordance with PSX Regulations 5.6.4.
board_meeting
compliance_check
regulations_psx
exchange_confirmation

🎯 Investment Thesis

SELL. The sale of a significant number of shares by a substantial shareholder raises concerns about the shareholder’s confidence in the company’s future prospects. The potential downward pressure on the stock price, coupled with the lack of additional information about the shareholder’s motivations, suggests a sell recommendation. Price Target: 10.00 PKR. Time Horizon: 3-6 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements KOHE Signal: SELL

📉 KOHE: SELL Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Kohinoor Energy Limited’s financial results for the quarter ended September 30, 2025, reveal a significant decline in sales and profitability compared to the same period last year. Sales decreased from PKR 1,462.57 million to PKR 798.47 million, leading to a substantial reduction in profit after tax, which fell from PKR 313.73 million to PKR 139.51 million. The company reported no cash dividend, bonus shares, or right shares for the quarter. The decrease in profitability is also reflected in the earnings per share, which dropped from PKR 1.85 to PKR 0.82.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales plummeted to PKR 798.47 million from PKR 1,462.57 million YoY.
⚠️ Cost of sales decreased to PKR 575.70 million from PKR 961.95 million YoY.
😔 Gross profit decreased to PKR 222.77 million from PKR 500.62 million YoY.
🏢 Administrative expenses decreased to PKR 70.50 million from PKR 88.13 million YoY.
😟 Operating profit decreased significantly to PKR 152.27 million from PKR 412.49 million YoY.
💰 Finance costs decreased substantially to PKR 15.19 million from PKR 110.73 million YoY.
📉 Profit before levy and taxation decreased to PKR 140.50 million from PKR 317.94 million YoY.
💸 Profit after tax decreased to PKR 139.51 million from PKR 313.73 million YoY.
📉 Earnings per share (EPS) decreased to PKR 0.82 from PKR 1.85 YoY.
🚫 No cash dividend was announced for the quarter.
📊 Total equity increased slightly to PKR 4,204.09 million from PKR 4,064.58 million since June 2025.
💸 Cash and bank balances decreased to PKR 26.05 million from PKR 76.56 million since June 2025.
⚠️ Short term finances decreased from PKR 1,050.50 million in June 2025 to PKR 437.21 million.
❌ No bonus or right shares were announced.

🎯 Investment Thesis

Given the significant decrease in sales and profitability, coupled with potential liquidity concerns, a SELL recommendation is warranted for Kohinoor Energy Limited. The company’s earnings have deteriorated significantly, making it a less attractive investment compared to its peers. A conservative price target of PKR 20 is set, based on a reduced P/E multiple reflecting the decreased EPS. This recommendation has a short-term time horizon (3-6 months), anticipating further negative news or lack of improvement in operational performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GATI Signal: SELL

📉 GATI: SELL Signal (8/10) – Corporate Briefing 2025

⚡ Flash Summary

Gatron (Industries) Limited reported a significant decrease in revenue for FY2025, dropping by 22.6% to PKR 26.328 billion. This decline is primarily attributed to a drop in yarn sales volume and lower prices, influenced by reduced raw material costs and continued dumping from Chinese suppliers. The company faced challenges due to delayed and ineffective implementation of Anti-Dumping Duties, operating at significantly reduced capacity despite major investments in expansion. Gatron’s financial performance has been adversely impacted, necessitating cost-saving measures and exploration of alternative energy sources to mitigate increasing power costs.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue decreased by 22.6% to PKR 26.328 billion due to lower yarn sales volume and prices.
🇨🇳 Continued dumping from China impacted domestic sales volume and margins.
🛡️ Delayed Anti-Dumping Duties implementation worsened the situation.
🏭 Operated at reduced capacity despite major investments.
⛽ Increasing power costs remain a major concern.
⚡ Exploring alternative energy sources (solar, wind) on a fast-track basis.
💰 Cost-saving projects initiated to reduce manufacturing costs.
📊 Regulatory Duty on PFY reduced from 5% to 2.5%, posing operational challenges.
🏭 Plant capacity increased to 99,000 metric tons in 2025.
🌱 Sustainability initiatives include a reduction in CO2 emission by 1,435 tons.
💧 8.3 Million Gallons Water Consumption from Recycled Water.

🎯 Investment Thesis

Based on the analysis, a SELL recommendation is appropriate for Gatron (Industries) Limited. The significant decrease in revenue, profitability, and operational inefficiencies pose substantial challenges. The stock price is likely to decrease given these negative financial trends. A price target of PKR 75 is set with a time horizon of 6-12 months, reflecting the potential downside risks and limited growth 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 TPLP

📉 TPLP: 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 October 23, 2025, TPL Properties Limited (TPLP) disclosed the share transactions executed by its Director, Muhammad Ali Jameel. As of October 16, 2025, Mr. Jameel sold 500,000 shares at a rate of PKR 12.10 per share via the ready market using Central Depository System (CDS). Following this transaction, his cumulative shareholding stands at 37,867,431 shares, representing 6.75% of the company. The company has confirmed that this transaction will be presented in the subsequent Board meeting for review and compliance.

Signal: SELL 📉

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📝 Director Muhammad Ali Jameel sold 500,000 shares of TPLP.
📅 The transaction occurred on October 16, 2025.
💰 The shares were sold at a rate of PKR 12.10 per share.
📉 The transaction was executed through the ready market.
💽 The form of shares was CDS (Central Depository System).
📊 After the sale, Muhammad Ali Jameel’s cumulative shareholding is 37,867,431 shares.
⚖️ His new shareholding represents 6.75% of the company.
📜 The disclosure is in compliance with PSX Regulations 5.6.4.
🏢 The transaction will be presented in the subsequent Board meeting.
🔍 The Board meeting will review the transaction for compliance.
🗓️ The disclosure date is October 23, 2025.
🏢 TPL Properties Limited is the listed company.
📍 The company is based in Karachi, Pakistan.
👨‍💼 Shayan Mufti is the Company Secretary.

🎯 Investment Thesis

Given the sale of shares by a director and the potential negative market reaction, a HOLD recommendation is appropriate. Further monitoring of the company’s performance and any additional disclosures is warranted before making a stronger investment decision. If the share price declines significantly due to the sale, a BUY opportunity may emerge. If there is further insider selling, consider a SELL. More detailed financials are needed to determine an accurate price target.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements OCTOPUS Signal: SELL

📉 OCTOPUS: SELL Signal (8/10) – Financial Results for the Quarter Ended 30 September 2025

⚡ Flash Summary

Octopus Digital Group’s financial results for the quarter ended September 30, 2025, reveal a mixed performance. The consolidated statement of profit or loss shows a significant decrease in revenue, with a corresponding drop in gross profit. This decline has led to a substantial loss for the period, contrasting sharply with the profit reported in the same quarter last year. The company did not declare any cash dividend or bonus shares.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

⚠️ Revenue decreased from PKR 217.961 million to PKR 212.287 million YoY.
📉 Gross profit declined from PKR 120.821 million to PKR 89.742 million YoY.
❌ The company reported a loss from operations of PKR 15.907 million, compared to a profit of PKR 5.310 million in the prior year quarter.
💰 Finance costs increased from PKR 1.221 million to PKR 2.006 million YoY.
❗ Loss before income tax was PKR 17.913 million, versus a profit of PKR 4.088 million last year.
📉 The company experienced a net loss after tax of PKR 25.326 million, compared to a profit of PKR 1.474 million last year.
📉 Basic and diluted earnings per share (EPS) both decreased from PKR 0.01 to negative PKR 0.16.
⛔ No cash dividend was declared for the quarter.
⛔ No bonus shares were announced.
📊 Un-appropriated profit increased slightly to PKR 1,351.030 million from PKR 1,346.008 million as of December 31, 2024.
✅ Total equity increased from PKR 3,003.771 million to PKR 3,423.368 million since December 31, 2024.
💵 Cash and cash equivalents increased from PKR 21.527 million to PKR 30.942 million during the nine-month period.

🎯 Investment Thesis

Based on the declining financial performance and negative profitability, a SELL recommendation is appropriate. The company faces significant challenges in revenue generation and cost management, making it a risky investment. Price target is significantly reduced, with a short-term horizon of 6 months, reflecting the urgency of addressing the current issues.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements FNBM Signal: SELL

📉 FNBM: SELL Signal (7/10) – Corporate Briefing Session-Presentation

⚡ Flash Summary

First National Bank Modaraba (FNBM) reported a challenging financial year ending June 30, 2025, with a net loss of PKR 3.960 million, contrasting sharply with a profit of PKR 34.759 million in the previous year. This decline is reflected in a negative earnings per certificate of PKR -0.16 compared to PKR 1.39 in 2024. The company’s return on assets also turned negative, falling to -0.96% from 9.81% year-over-year. Management is focused on a business revival plan involving balance sheet restructuring and NPL recovery to restore profitability and comply with regulatory equity requirements.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

📉 FNBM reported a net loss of PKR 3.960 million for the year ended June 30, 2025.
📉 This contrasts with a net profit of PKR 34.759 million in the previous year (June 30, 2024).
📉 Earnings per certificate decreased significantly to PKR -0.16 (FY25) from PKR 1.39 (FY24).
📉 Return on Assets (ROA) fell to -0.96% in FY25 compared to 9.81% in FY24.
🏦 The balance sheet size increased to PKR 425.422 million from PKR 402.506 million year-over-year.
😔 Total equity remains negative at PKR -25.528 million in FY25, slightly worse than PKR -20.845 million in FY24.
💰 Total operating and other income decreased substantially to PKR 49.139 million from PKR 115.936 million year-over-year.
❗ Operating and financial expenses slightly decreased to PKR 50.591 million.
💼 Management is actively pursuing a business revival plan, including balance sheet restructuring.
🤝 Recovery of Non-Performing Loans (NPLs) is a key priority for the Modaraba.
✅ The company aims to comply with regulatory equity requirements through NPL recovery and favorable settlements.
🌱 The company plans to re-enter the market with renewed focus on permissible Islamic modes of financing.
🏛️ The winding-up petition against the Modaraba is expected to be withdrawn upon approval and implementation of the revival plan.
🔄 The resumption of trading of certificates in the PSX is anticipated following regulatory compliance.

🎯 Investment Thesis

Based on the current financial performance and associated risks, a SELL recommendation is warranted. The company faces significant challenges in restoring profitability and complying with regulatory requirements. Until there is clear evidence of successful implementation of the revival plan and a return to profitability, the investment carries substantial risk. Price target is $0. We need to see NPL get paid back before any consideration can be given.

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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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