SELL - FoxLogica

📉 PGLC: SELL Signal (7/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Pak-Gulf Leasing Company Limited reported a significant decrease in net profit after taxation for the three months ended September 30, 2025, with a profit of PKR 12.408 million compared to PKR 39.761 million in the same period last year. This decline is primarily due to a substantial decrease in income from financing operations, which fell from PKR 51.271 million to PKR 25.022 million. Despite a decrease in finance costs, the overall expenses remained high. The company’s earnings per share also decreased from PKR 0.80 to PKR 0.25.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net profit after taxation decreased by 68.8% from PKR 39.761 million to PKR 12.408 million.
⚠️ Income from financing operations dropped significantly from PKR 51.271 million to PKR 25.022 million.
💰 Earnings per share (basic and diluted) declined from PKR 0.80 to PKR 0.25.
⬆️ Other comprehensive income increased from PKR 0.119 million to PKR 1.906 million due to gain on revaluation of FVOCI investments.
❌ No interim cash dividend, bonus shares, or right shares were declared.
⬆️ Total assets decreased slightly from PKR 1,446.326 million to PKR 1,416.089 million.
⬆️ Total equity increased from PKR 790.962 million to PKR 805.276 million.
⬆️ Long-term deposits increased from PKR 273.765 million to PKR 306.839 million.
⬆️ Reversal against lease receivables held under litigation increased from (0.225) million to (0.568) million
⬆️ Reversal for potential lease and loan losses, increased from 3.358 million to 0.773 million

🎯 Investment Thesis

SELL due to significant decline in profitability and revenue, indicating potential operational challenges. Price target: PKR 3.00. Time horizon: Short term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements CEPB Signal: SELL

📉 CEPB: SELL Signal (8/10) – FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

Century Paper & Board Mills Limited reports a challenging quarter with a net profit of PKR 13.295 million, a significant drop from PKR 147.269 million in the same quarter last year. Despite a slight increase in turnover to PKR 10,637.306 million, the company faced higher costs, particularly in finance, leading to a substantial decrease in operating profit. The company experienced a loss before income tax, highlighting the adverse impact of increased finance costs. The earnings per share also declined drastically to PKR 0.03 from PKR 0.37.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net profit plummeted to PKR 13.295 million from PKR 147.269 million YoY.
📈 Turnover increased slightly to PKR 10,637.306 million from PKR 10,132.236 million YoY.
⚠️ Operating profit declined significantly to PKR 307.433 million from PKR 757.203 million YoY.
💸 Finance costs surged to PKR 282.997 million from PKR 510.188 million YoY.
📉 Loss before income tax reported at PKR (102.059) million compared to a profit of PKR 247.015 million YoY.
💸 Basic and diluted earnings per share decreased to PKR 0.03 from PKR 0.37 YoY.
⚠️ Cost of sales increased to PKR 10,057.842 million from PKR 9,101.275 million YoY.
📉 Gross profit decreased to PKR 579.464 million from PKR 1,030.961 million YoY.
📉 Cash generated from operations decreased significantly to PKR 2,547.547 million from PKR 503.247 million YoY.
⚠️ Net cash from operating activities declined to PKR 2,154.588 million from negative PKR (435.946) million YoY.
📉 Net cash used in investing activities increased to PKR (268.822) million from PKR (32.548) million YoY.
⚠️ Trade debts increased to PKR 6,446.595 million from PKR 5,378.407 million since June 30, 2025.
📉 Short-term borrowings decreased to PKR 5,567.415 million from PKR 7,094.892 million since June 30, 2025.
⚠️ Reserves increased slightly to PKR 9,411.563 million from PKR 9,398.268 million since June 30, 2025.
⚠️ Long-term financing decreased to PKR 1,940.621 million from PKR 2,298.013 million since June 30, 2025.

🎯 Investment Thesis

Based on the financial results, a SELL recommendation is appropriate for Century Paper & Board Mills Limited. The significant decline in profitability, coupled with high finance costs and decreased operating profit, raises concerns about the company’s near-term prospects. The earnings per share have dropped significantly and the financial risk profile is high. Therefore, the price target is PKR 15, reflecting the reduced earnings potential and increased risks, with a short-term horizon of 6 months. This target accounts for potential further declines in earnings and increased volatility.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: SELL

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

⚡ Flash Summary

Colony Textile Mills Limited (CTM) faces challenges as indicated by its FY 2025 results. The company reported a net loss of PKR 2.234 billion, an increase from the PKR 3.641 billion loss in the previous year. Revenue slightly increased to PKR 16.888 billion from PKR 16.764 billion. Management expresses cautious optimism for the future, contingent on government support and debt restructuring.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net loss increased to PKR (2.234) billion in FY 2025 from PKR (3.641) billion in FY 2024.
📊 Revenue increased marginally to PKR 16.888 billion in FY 2025 from PKR 16.764 billion in FY 2024.
⚠️ Gross profit shifted to a loss of PKR (1.333) billion in FY 2025 compared to a loss of PKR (2.386) billion in FY 2024.
💸 Operating loss decreased to PKR (1.951) billion in FY 2025 from PKR (3.001) billion in FY 2024.
💰 Finance costs decreased to PKR 1.404 billion in FY 2025 from PKR 1.554 billion in FY 2024.
📉 Loss per share improved to (PKR 4.49) in FY 2025 from (PKR 7.31) in FY 2024.
🏢 Total assets decreased slightly to PKR 26.967 billion in FY 2025 from PKR 28.947 billion in FY 2024.
liabilities remained high at PKR 11.502 billion.
🏦 Cash flow from operations improved significantly to PKR 338 million from PKR 1.607 billion.
💼 Management is actively pursuing debt restructuring arrangements.
🌱 Future outlook is cautiously optimistic, dependent on government support and necessary regulatory reforms.
🏭 The company is focusing on modernization and diversification into value-added goods.

🎯 Investment Thesis

Based on the current financial performance, a SELL recommendation is warranted. The company is struggling with profitability and burdened by debt. While management is taking steps to restructure debt and improve operations, the near-term outlook remains uncertain. A turnaround will take time, and there are significant risks involved.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements BGL Signal: SELL

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

⚡ Flash Summary

Baluchistan Glass Limited reported a challenging first quarter ended September 30, 2025. The company experienced a significant drop in sales, leading to a gross loss and an operating loss. The absence of a cash dividend recommendation and the overall financial performance paint a concerning picture for investors. Loss per share worsened compared to the same period last year.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales plummeted to PKR 13.979 million, a significant decrease from PKR 409.046 million in Q1 2024.
⚠️ Gross loss amounted to PKR 70.485 million, compared to a gross loss of PKR 129.485 million in Q1 2024.
⛔ Operating loss reached PKR 74.896 million, a decrease from PKR 157.624 million in Q1 2024.
💸 Finance costs were PKR 51.608 million, down from PKR 71.152 million in Q1 2024.
❌ Loss before levies and income tax was PKR 126.679 million.
🧾 Net loss for the period stood at PKR 124.926 million, versus PKR 231.957 million in Q1 2024.
📉 Loss per share (basic and diluted) was PKR 0.20, compared to PKR 0.89 in Q1 2024.
💰 No cash dividend, bonus issue, or right shares were declared.
🏛️ Total Equity and Liabilities decreased slightly from PKR 3,905.089 million to PKR 3,809.125 million.
🏭 Property, plant, and equipment decreased from PKR 3,337.021 million to PKR 3,285.185 million.
💵 Cash and bank balances significantly decreased from PKR 28.092 million to PKR 5.270 million.
Liabilities increased in the short term.

🎯 Investment Thesis

Based on the Q1 2025 results, a SELL recommendation is appropriate. The company faces significant challenges, and the financial outlook is bleak. There is no clear indication of a turnaround strategy, and the risks outweigh any potential upside. No price target is recommended.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MTL Signal: SELL

📉 MTL: SELL Signal (7/10) – Financial Results for the Quarter Ended September 30, 2025 REVOKED

⚡ Flash Summary

Millat Tractors Limited’s (MTL) unconsolidated financial results for the quarter ended September 30, 2025, reveal a concerning trend. The company experienced a decline in revenue compared to the same period last year, alongside a decrease in profitability. This contraction is evident in both the standalone and consolidated figures, signaling potential headwinds for the tractor manufacturer. Further investigation into the drivers of decreased sales and increased costs is warranted to assess the long-term impact.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue decreased to PKR 7.546 billion (unconsolidated) from PKR 7.996 billion in Q3 2024.
📉 Consolidated revenue declined to PKR 7.784 billion from PKR 8.792 billion year over year.
📉 Gross profit unconsolidated decreased to PKR 2.053 billion from PKR 2.326 billion.
📉 Gross profit consolidated decreased to PKR 2.191 billion from PKR 2.390 billion year over year.
⚠️ Finance costs unconsolidated decreased slightly to PKR 471.386 million from PKR 628.058 million.
⚠️ Finance costs consolidated decreased slightly to PKR 476.847 million from PKR 641.812 million.
📉 Profit after tax unconsolidated decreased to PKR 513.589 million from PKR 622.329 million in Q3 2024.
📉 Consolidated profit after tax decreased to PKR 613.455 million from PKR 459.805 million.
📉 Unconsolidated EPS decreased to PKR 2.57 from a restated PKR 3.12.
📉 Consolidated EPS decreased to PKR 3.07 from PKR 2.30 in Q3 2024.
💰 Unconsolidated cash and bank balances increased to PKR 1.368 billion from PKR 1.565 billion
💰 Consolidated cash and bank balances decreased to PKR 1.603 billion from PKR 1.826 billion
⚠️ Unconsolidated trade debts decreased to PKR 244.818 million from PKR 134.216 million
⚠️ Consolidated trade debts decreased to PKR 920.583 million from PKR 152.553 million
⚖️ Total equity unconsolidated increased to PKR 9.884 billion from PKR 9.278 billion.
⚠️ Total equity consolidated increased to PKR 8.621 billion from PKR 8.076 billion.

🎯 Investment Thesis

Based on the Q3 2025 financial results and trends, a SELL recommendation is warranted for Millat Tractors. The company’s declining revenue, squeezed profit margins, negative cash flow from operations, and increasing trade debts raise serious concerns. The price target rationale is described below. The investment horizon is medium-term (6-12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MTL Signal: SELL

📉 MTL: SELL Signal (7/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Millat Tractors Limited (MTL) reported a decrease in revenue for the quarter ended September 30, 2025, with consolidated revenue dropping to PKR 7.78 billion from PKR 8.79 billion in the same period last year. This decrease in revenue led to a decline in gross profit, which fell from PKR 2.39 billion to PKR 2.19 billion. Consequently, the profit after tax decreased from PKR 459.8 million to PKR 613.5 million. Earnings per share (EPS) also declined from PKR 2.30 to PKR 3.07.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue decreased by 11.46% from PKR 8.79 billion in 2024 to PKR 7.78 billion in 2025.
📉 Gross profit declined by 8.39% from PKR 2.39 billion to PKR 2.19 billion.
📉 Profit after tax decreased by 25.37% from PKR 459.8 million to PKR 613.5 million.
📉 Earnings per share (EPS) decreased from PKR 2.30 to PKR 3.07.
⚠️ Finance costs decreased from PKR 641.8 million to PKR 476.8 million, positively impacting profitability.
🏢 Administrative expenses increased slightly from PKR 471.18 million to PKR 481.12 million.
💼 Other income decreased from PKR 108.7 million to PKR 84.3 million.
📊 Total comprehensive income decreased from PKR 421.0 million to PKR 606.5 million.
💰 Cash and cash equivalents decreased from PKR (11.09) billion to PKR (15.74) billion.
🚜 Property, plant, and equipment increased from PKR 2.09 billion to PKR 2.10 billion.
🧾 Trade and other payables increased significantly from PKR 6.54 billion to PKR 8.19 billion.
🏦 Short-term borrowings increased from PKR 14.12 billion to PKR 17.34 billion, indicating increased reliance on debt.
⚠️ Slight exchange differences on translation of foreign operations (loss) impacted total comprehensive income.

🎯 Investment Thesis

Based on the decreased revenue, declining profitability, and increased borrowings, a SELL recommendation is warranted for Millat Tractors (MTL). The company’s financial performance indicates potential challenges in maintaining its market position and generating profits. Price Target: PKR 250.00. Time Horizon: Medium Term (6-12 months). The price target is set based on a conservative estimate, considering the current financial challenges and potential market corrections.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GTYR Signal: SELL

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

⚡ Flash Summary

Ghandhara Tyre & Rubber Company Limited (GTYR) held a corporate briefing session in October 2025. The company’s financials for 2025 show a decline in key metrics compared to 2024. Net sales decreased by 13% to PKR 17.8 billion, and gross profit fell by 31% to PKR 2.272 billion. This resulted in a net loss after tax of PKR 366 million compared to a profit of PKR 229 million in the previous year.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net sales decreased by 13% from PKR 20.539 billion in 2024 to PKR 17.8 billion in 2025.
📉 Gross profit declined by 31% from PKR 3.278 billion to PKR 2.272 billion.
📉 Gross margin decreased from 16.0% to 12.8%.
📈 Finance costs increased by 24% from PKR 1.680 billion to PKR 1.351 billion.
📉 The company reported a loss before tax of PKR 150 million, a 130% decrease compared to a profit of PKR 496 million in 2024.
📉 Loss after tax was PKR 366 million, a 260% decrease compared to a profit of PKR 229 million in 2024.
📉 EBITDA decreased by 37% from PKR 2.701 billion to PKR 1.701 billion.
🚫 No cash dividend was distributed in 2025, compared to 18.7% in 2024.
📈 The company maintains a long-term credit rating of A+ and a short-term rating of A1 with a stable outlook from PACRA.
🚜 Key products include tyres for tractors, motorcycles, passenger cars, SUVs, light trucks, trucks/buses, off-the-road vehicles and rickshaws.
🤝 Key customers include Honda, Toyota, Suzuki, Hyundai, Kia, Hino, ISUZU, Dewan Farooque Motors, New Holland, and Massey Ferguson.
⚠️ Key challenges in 2024-25 include historically high interest rates, economic slowdown, and lower farm tyre sales.
☀️ Key initiatives include a 7-year technical services agreement with Shandong Huasheng Rubber Co. Ltd. and a solar energy agreement with KE for up to 2MW.
🌱 Future outlook focuses on the revival of economic activity and government initiatives.

🎯 Investment Thesis

Given the poor financial performance, declining profitability, and increased risks, a SELL recommendation is warranted. The price target should be revised downwards to reflect the current challenges and uncertainties. The time horizon is medium-term, expecting potential recovery contingent on economic improvements and successful execution of company initiatives.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GRYL Signal: SELL

📉 GRYL: SELL Signal (8/10) – Financial results for the quarter ended 30-09-2025

⚡ Flash Summary

Grays Leasing Limited’s financial results for the quarter ended September 30, 2025, reveal a concerning decline in profitability. Revenue decreased significantly compared to the same quarter last year, leading to a substantial drop in profit before taxation and profit after taxation. The company reported a lower profit per share, reflecting the overall downturn in financial performance. Investors should carefully evaluate the factors contributing to this decline before making investment decisions.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue declined by 20.1% from PKR 6.963 million to PKR 5.561 million.
📉 Income from lease operations decreased by 19.5% from PKR 6.283 million to PKR 5.059 million.
📉 Other income decreased by 26.1% from PKR 680,006 to PKR 502,787.
⚠️ Administrative and operating expenses decreased slightly by 4.2% from PKR (4.097) million to PKR (3.924) million.
⚠️ Financial and other charges increased significantly from PKR (1,113) to PKR (6,653).
📉 Profit before taxation decreased by 43.1% from PKR 2.865 million to PKR 1.631 million.
📉 Taxation decreased by 40.5% from PKR (487,043) to PKR (289,813).
📉 Profit after taxation decreased by 43.6% from PKR 2.378 million to PKR 1.341 million.
📉 Profit per share (basic and diluted) decreased by 45.9% from PKR 0.111 to PKR 0.060.
💰 Cash and bank balances decreased significantly from PKR 6.781 million to PKR 1.180 million.
⚠️ Accumulated loss increased from PKR (197.673) million to PKR (196.332) million, indicating continued losses.
❌ No cash dividend, bonus shares, or right shares were declared for this quarter.
⚠️ Net cash used in operating activities was PKR (0.380) million compared to cash generated of PKR 1.840 million in the same period last year.

🎯 Investment Thesis

SELL. The significant decline in revenue and profitability, coupled with negative operating cash flow and increasing accumulated losses, makes GRYL a high-risk investment. The current financial performance does not justify a positive investment thesis. A price target cannot be reasonably established given the negative outlook and the likelihood of continued underperformance. Time horizon: Short to medium term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: SELL

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

⚡ Flash Summary

Treet Battery Limited (TBL) reported a challenging first quarter for 2025, with a significant loss after taxation of PKR 117.982 million, a stark contrast to the loss of PKR 16.169 million in the same period last year. The company experienced a decline in sales, from PKR 2,354.180 million to PKR 1,870.804 million. This decrease in revenue, coupled with substantial finance costs, drove the company into a loss position. TBL’s performance reflects pressures in the battery sector, potentially influenced by rising input costs and competitive market dynamics.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Treet Battery Limited (TBL) reports a net loss of PKR 117.982 million for Q1 2025.
📉 Sales decreased to PKR 1,870.804 million from PKR 2,354.180 million YoY.
💰 Finance costs remain high at PKR 115.792 million, impacting profitability.
⚠️ Loss per share is recorded at (0.11) rupees.
💼 Operating expenses slightly increased to PKR 294.164 million.
🚫 No cash dividend, bonus shares, or right shares were announced.
📉 Gross profit decreased from PKR 479.285 million to PKR 295.855 million.
⚠️ Loss before levies and income tax is PKR 117.982 million.
✅ Other income contributed PKR 24.036 million, offering some offset.
📊 Total Assets increased to PKR 10,278.889 million as of September 30, 2025.
📉 Cash flow from operations is negative at PKR (960.950) million.
🏦 Short-term borrowings amount to PKR 6,126.443 million.

🎯 Investment Thesis

Based on the Q1 2025 results, a SELL recommendation is warranted for Treet Battery Limited. The company’s declining revenue, significant losses, and negative cash flow raise concerns about its short-term financial stability. A price target of PKR 5.00 is set, with a time horizon of 6-12 months, contingent upon the company’s ability to implement turnaround strategies and improve its financial performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

AMBL announcements Signal: SELL

📉 AMBL: SELL Signal (7/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Apna Microfinance Bank Limited reported a net loss of PKR 1,345.56 million for the nine months ended September 30, 2025, compared to a loss of PKR 2,286.63 million in the same period last year. This represents a significant reduction in losses, although the bank remains unprofitable. Net mark-up/interest income increased slightly, while non-mark-up/interest income grew more substantially. Credit loss allowances continue to impact profitability, but were lower than the previous year. The bank’s net assets remain negative.

Signal: SELL 📉

Strength: 7/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

📉 Net loss for the nine months ended September 30, 2025, was PKR 1,345.56 million, an improvement from the PKR 2,286.63 million loss in 2024.
⬆️ Net mark-up/interest income increased to PKR 4.90 million from a loss of PKR 699.48 million in the prior year.
⬆️ Total non-mark-up/interest income rose to PKR 258.04 million from PKR 205.70 million in 2024.
⬇️ Operating expenses decreased to PKR 1,520.62 million from PKR 1,660.03 million year-over-year.
⬇️ Credit loss allowance decreased to PKR 57.51 million from PKR 102.35 million in the prior year.
⚠️ Loss per share (basic and diluted) was PKR 3.14, compared to PKR 5.33 in 2024.
⬇️ Total assets increased to PKR 19,328.59 million as of September 30, 2025, from PKR 17,445.62 million at the end of 2024.
⬆️ Advances (loans) increased to PKR 9,546.38 million from PKR 8,195.98 million at the end of 2024.
⬆️ Deposits and other accounts increased to PKR 28,348.93 million from PKR 25,674.40 million at the end of 2024.
➖ Net assets remained negative at PKR (10,156.31) million compared to PKR (9,432.70) million at the end of 2024.
⬆️ Cash and balances with treasury banks decreased to PKR 1,105.37 million from PKR 1,645.89 million at the end of 2024.
⬆️ Investments increased to PKR 2,395.85 million from PKR 1,873.48 million at the end of 2024.
💸 Share deposit money increased to PKR 2,350.39 million from PKR 1,850.39 million at the end of 2024.

🎯 Investment Thesis

Given the continued losses and negative net assets, a SELL recommendation is appropriate. While the reduction in losses is encouraging, the bank still needs to achieve profitability and strengthen its balance sheet before becoming an attractive investment. The price target is dependent on the bank’s ability to turn profitable.

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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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