Deprecated: Function WP_Dependencies->add_data() was called with an argument that is deprecated since version 6.9.0! IE conditional comments are ignored by all supported browsers. in /home/foxlogica/public_html/psx/wp-includes/functions.php on line 6131
Strength-6 - FoxLogica

Strength-6

⏸️ POL: HOLD Signal (6/10) – Presentation of Corporate Briefing Session-2025

⚡ Flash Summary

Pakistan Oilfields Limited (POL) presented its Corporate Briefing Session-2025. The company highlighted its exploration and production activities across various blocks. Key production volumes for June 2025 included 1,622 thousand barrels of crude oil, 19,362 million cubic feet of gas, and 48,607 metric tons of LPG. The statement of profit or loss showed decreased net sales and profit for the year compared to June 2024, while exploration costs increased significantly.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🇵🇰 POL is a leading oil and gas exploration and production company listed on the Pakistan Stock Exchange.
  • 📅 POL was incorporated on November 25, 1950, as a subsidiary of the Attock Oil Company Limited (AOC).
  • ⛽ POL produces LPG, solvent oil, and Sulphur, marketing LPG under the POLGAS brand.
  • 🛢️ POL operates a network of pipelines, including the Khaur Crude Oil Decanting Facility (KCDF).
  • 🤝 POL holds a 25% share in National Refinery Limited.
  • 🏢 AOC holds a 52.77% shareholding in POL.
  • 💼 POL holds a 51% shareholding in CAPGAS (Private) Limited.
  • ⛏️ At Ikhlas block, Jhandial-2 site track drilling is in progress at 17,200 ft.
  • 🗺️ At Pariwali Lease, 57.28 Square Kilometer of 3D seismic data has been acquired out of 165.37 Square Kilometers.
  • 🕳️ Adhi South-9 well is currently producing around 623 barrels of oil per day and 1.4 mmscf of gas per day.
  • 💧 Makori Deep-03 well flowed 22.08 mmscf of gas per day and 2,112 barrels of condensate per day.
  • 📈 North Dhurnal block has completed 3D Seismic data acquisition.
  • 🚧 Razgir well pipeline construction has been completed, with production expected in the first quarter 2025-26.
  • 📜 Multanai & Saruna West Blocks agreements have been signed with the Government (100% & 40% share respectively).
  • 🏆 POL has won Jherruck Block with 100% share in the latest bidding round.

🎯 Investment Thesis

HOLD. The decrease in profitability is concerning, but the company is still profitable. The aggressive exploration program shows growth potential. I am neutral with current information. I will review once they address the decrease in profitability and sales and their next announcement. Price target Rs 300, time horizon 12 months.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ ALFALAH-FUNDS: HOLD Signal (6/10) – Alfalah Islamic Rozana Amdani Fund – Daily Dividend Distribution

⚡ Flash Summary

Alfalah Islamic Rozana Amdani Fund (AIRAF) has announced a daily dividend distribution of Re. 0.0298 per unit, as approved by the Chief Executive on behalf of the Board of Directors of Alfalah Asset Management Limited. This dividend will be paid to unit holders whose names appear in the unit holder register at the close of business on November 14, 2025. The announcement was made on November 14, 2025, with the dividend pertaining to the period ending June 30, 2026. This distribution aims to provide regular income to the fund’s unit holders.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📢 Dividend distribution announced for Alfalah Islamic Rozana Amdani Fund (AIRAF).
  • 📅 Announcement date: November 14, 2025.
  • 💰 Dividend amount: Re. 0.0298 per unit.
  • 🗓️ Record date: November 14, 2025.
  • 🏦 Fund managed by Alfalah Asset Management Limited.
  • 🤝 Approved by the Chief Executive on behalf of the Board of Directors.
  • 📜 Eligible unitholders: Those registered by the close of November 14, 2025.
  • 🎯 Objective: Regular income distribution to unit holders.
  • 🇵🇰 Based in Pakistan (Karachi).
  • 📜 AAML/FIN/2025/1114 reference number.
  • 🗓️ Pertains to the period ending June 30, 2026.

🎯 Investment Thesis

HOLD. The announcement of a small dividend distribution of Re. 0.0298 per unit is a positive sign for income-seeking investors. However, the overall impact on the fund’s valuation is likely to be limited. A hold recommendation is appropriate, pending a comprehensive review of the fund’s performance, asset allocation, and long-term sustainability of dividend payouts. The time horizon is medium-term (6-12 months).

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ SGF: HOLD Signal (6/10) – Revised Presentation of Corporate Briefing Session

⚡ Flash Summary

Service Global Footwear Limited (SGFL) announced its corporate briefing session for November 18, 2025. The company is a prominent Pakistani manufacturer and exporter of footwear, leather, and allied products. SGFL aims to diversify its portfolio, reduce concentration risks, and materialize new accounts in Y-2026. The company is focused on cost optimization, productivity enhancement, and customer retention.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🏭 SGFL specializes in manufacturing, marketing, and exporting footwear, leather, and related products.
  • 🌍 Exports to Europe, North America, Asia, Africa, and Australia.
  • 💰 Market capitalization of PKR 21.4 Billion.
  • 📈 Production capacity of 4.6 Million Pairs.
  • ☀️ First solar-powered shoe manufacturer in Asia.
  • 🌱 Doubling solar power capacity to 4MW by 2025.
  • 📊 Revenue increased to PKR 17,392 Million in 2024 from PKR 15,062 Million in 2023.
  • 📉 Gross Profit decreased to PKR 2,890 Million in 2024 from PKR 3,301 Million in 2023.
  • 📉 Net Profit decreased to PKR 1,105 Million in 2024 from PKR 1,182 Million in 2023.
  • 📉 Earnings Per Share (EPS) decreased to PKR 5.37 in 2024 from PKR 5.75 in 2023.
  • 🤝 Actively pursuing strategic joint venture partnerships to strengthen production capabilities.
  • 💸 The debt to equity ratio increased from 04:96 to 12:88 from Dec-24 to Sep-25.

🎯 Investment Thesis

HOLD. While SGFL has shown revenue growth, the decline in profitability metrics (gross profit, net profit, and EPS) raises concerns. The company’s efforts to diversify its portfolio and enhance efficiency are positive, but it’s unclear if these initiatives will offset the challenges in the short term. A ‘HOLD’ recommendation is appropriate until there is evidence of improved profitability and EPS growth.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ IMS: HOLD Signal (6/10) – Presentation of Corporate Briefing Session – 2025

⚡ Flash Summary

Intermarket Securities Limited (IMS) presented its corporate briefing for FY2025. The company’s brokerage commission for FY25 increased year-over-year despite the financial year covering only 6 months due to a change in the fiscal year end. IMS merged with EFG Hermes Pakistan Ltd, resulting in a market share of 8%. A dividend of 20% was also announced. The firm highlights its mission to offer best-in-class service and superior technology solutions, aiming to be the preferred brokerage firm in Pakistan.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📈 IMS’s operating revenue for Jan-Jun 2025 stood at PKR 643.56 million, compared to PKR 996.21 million for the full year 2024.
  • 🤝 IMS merged with EFG Hermes Pakistan Ltd, achieving a market share of 8%.
  • 💰 The company announced a 20% dividend for FY25.
  • 📊 Brokerage commission represents 85.64% of total revenue (Dec 31, 2024: 85.82%).
  • 🌍 8.70% of brokerage commission earned relates to customers outside Pakistan (Dec 31, 2024: 8.89%).
  • 🏢 Total assets as of June 30, 2025, were PKR 3,362.26 million, compared to PKR 3,940.52 million as of December 31, 2024.
  • 💸 Profit after taxation for Jan-Jun 2025 was PKR 155.37 million, compared to PKR 477.02 million for the full year 2024.
  • 📉 EPS for Jan-Jun 2025 was PKR 0.12, compared to PKR 0.37 for the full year 2024.
  • 🏦 Short-term investments were PKR 265.11 million as of June 30, 2025, compared to PKR 280.37 million as of December 31, 2024.
  • 💼 Shareholder’s equity was PKR 1,501.46 million as of June 30, 2025, compared to PKR 1,603.59 million as of December 31, 2024.
  • 💹 Return on equity was 20.0% for Jan-Jun 2025.
  • ✔️ Return on total assets was 9.2% for Jan-Jun 2025.

🎯 Investment Thesis

A HOLD recommendation is appropriate given the company’s recent merger and change in fiscal year-end. While IMS shows potential with its increased market share and brokerage commission revenue, the shortened reporting period and integration process create uncertainty. Further monitoring of post-merger performance is recommended before making a BUY or SELL decision.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ SRVI: HOLD Signal (6/10) – Updated Presentation of Corporate Briefing Session

⚡ Flash Summary

Service Industries Limited (SRVI) held a corporate briefing session on November 18, 2025, presenting an overview of its operations and financial performance. The company highlighted its growth strategy, geographical spread, and corporate restructuring. A key focus was placed on the financial results for FY24 and 9M FY25, showcasing revenue growth and export leadership. The company aims to enhance sustainability and pursue strategic partnerships for future growth. Servis also demonstrates commitment to charitable activities donating more than Rs. 153 million during 9M FY-2025.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • ⭐ Servis Group’s vision is to become a global, world-class, and diversified company leveraging its brands and people.
  • 🏢 The group has an asset base of PKR 120 billion and employs over 15,000 people.
  • 🌍 Servis has a presence in over 50 countries.
  • 🛍️ Operates a nationwide network of 284 retail outlets under the ‘SERVIS’ brand.
  • 🤝 Contributed PKR 153 million in donations till 9M FY2025, compared to PKR 110 million in FY2024.
  • 👟 Is the largest footwear exporter in Pakistan.
  • ✔️ Is a Tyre market leader in Pakistan.
  • 🏭 Has an installed manufacturing capacity of over 24 million tyres and 57 million tubes annually.
  • 📈 Delivered 18.1% revenue growth till Q3 FY2025, achieving sales of Rs. 109 billion (USD 388 million).
  • Exported footwear worth Rs. 15.1 billion (USD 54 million) till Q3 FY2025.
  • 🏭 Rs. 7 billion (USD 25 million) CAPEX till Q3 FY2025 for capacity expansion.
  • 💸 Market Capitalization of SIL stood at PKR 64.66 billion (USD 230 million) as of September 30, 2025.
  • ♻️ Aims to enhance sustainability by installing 225 KW of solar capacity across 15 stores by 2026.
  • 🤝 Pursuing strategic joint venture partnerships for production capabilities.
  • 🌱 Committed to corporate social responsibility with Rs. 153 million donated in 9M FY25.

🎯 Investment Thesis

Given the information provided, a HOLD recommendation is appropriate for SRVI. The company exhibits strong growth potential and market leadership in the footwear and tyre sectors. However, there are fluctuations in standalone financials with the demerger of its tyre and retail undertakings. Future performance will rely on strategic initiatives and effective risk management. Without a detailed financial model, a more precise price target would be difficult to determine.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ MEBL: HOLD Signal (6/10) – PUBLICATION OF NOTICES FOR THE CREDIT OF INTERIM CASH DIVIDEND OF MEEZAN BANK FOR THE YEAR ENDING DECEMBER 31, 2025

⚡ Flash Summary

Meezan Bank has announced the credit of an interim cash dividend of Rs. 7 per share, which is 70% of the share value, for the year ending December 31, 2025. This dividend, approved by the Board of Directors on October 24, 2025, was electronically credited to shareholders’ accounts between November 13 and November 14, 2025. The bank has withheld dividends for shareholders who did not provide valid International Bank Account Numbers (IBANs). Shareholders are requested to provide their valid CNIC and complete bank account details to receive their withheld dividends.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📢 Meezan Bank announced an interim cash dividend.
  • 💰 Dividend amount: Rs. 7 per share (70%).
  • 📅 Year ending: December 31, 2025.
  • ✅ Dividend approved on October 24, 2025.
  • 🏦 Credited electronically between November 13-14, 2025.
  • 🚫 Dividends withheld for invalid IBANs.
  • 📄 Shareholders must provide valid CNIC and bank details.
  • 🔗 E-Dividend Mandate Form available online.
  • 🏢 Contact THK Associates for physical shareholding.
  • 💻 Contact CDC for electronic shareholding.
  • 🌐 Centralized Cash Dividend Register (CCDR) available on CDC’s e-Services portal.
  • ℹ️ CCDR provides details of dividends paid, unpaid, or withheld.
  • 🧾 Information includes Income Tax/Zakat deductions.
  • 📲 24/7 Call Center available for assistance.

🎯 Investment Thesis

HOLD. Meezan Bank’s consistent dividend payouts and commitment to regulatory compliance make it a stable investment. While the dividend announcement is positive, a HOLD rating is maintained pending a comprehensive financial analysis and assessment of future growth prospects. Price target will remain the same until more information is available. Time horizon: Medium Term.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ IMS: HOLD Signal (6/10) – Disclosure of Interest by substantial shareholder under rule 5.6.4 of the rule book

⚡ Flash Summary

Intermarket Securities Limited (IMS) disclosed that AB Holdings acquired 102,079,820 ordinary shares, equivalent to 7.92% of IMS’s issued and paid-up capital, from EFG Hermes Brokerage Holding LLC at PKR 0.01 per share. This transaction results in an indirect change in the beneficial shareholding and ownership of Ms. Erum Bilwani, a director and substantial shareholder of both IMS (holding 43.07% shares) and AB Holdings (holding 30% shares). The shares are held in electronic form with the Central Depository Company (CDC). The disclosure aims to keep the Pakistan Stock Exchange (PSX) and market participants informed as per regulatory requirements.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📢 AB Holdings acquired 7.92% of Intermarket Securities Limited (IMS).
  • 💰 Purchase price: PKR 0.01 per share.
  • 🏢 Seller: EFG Hermes Brokerage Holding LLC.
  • 📅 Transaction date: September 30, 2025.
  • 👤 Ms. Erum Bilwani is a director and substantial shareholder of both IMS (43.07%) and AB Holdings (30%).
  • 📊 The transaction involved 102,079,820 ordinary shares.
  • 🏛️ Shares are held electronically with the Central Depository Company (CDC).
  • 🔄 Indirect change in beneficial shareholding of Ms. Erum Bilwani.
  • 📜 Disclosure made under Rule 5.6.4 of the PSX Rule Book.
  • 🗓️ Disclosure date: November 17, 2025.
  • ✉️ AB Holdings’ purchase intimation letter dated November 10, 2025.
  • 🤝 Share Purchase Agreement (SPA) executed on September 30, 2025.

🎯 Investment Thesis

HOLD. The acquisition of a 7.92% stake in Intermarket Securities Limited (IMS) by AB Holdings introduces both opportunities and uncertainties. While the transaction may signal strategic alignment and potential synergies, a comprehensive understanding of the financial implications and operational changes is needed. Given the limited information available in the disclosure, a HOLD recommendation is appropriate until further details emerge. The price target will need more information and is not possible to compute given the limited financial detail.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ BAFL: HOLD Signal (6/10) – Newspaper clippings – Credit of third interim cash dividend for the Quarter/nine months period ended September 30, 2025

⚡ Flash Summary

Bank Alfalah Limited has announced its third interim cash dividend of Rs 2.50 per share (25%) for the quarter ended September 30, 2025. The dividend, declared by the Board of Directors on October 22, 2025, will be directly credited to the bank accounts of entitled shareholders. Shareholders whose CNIC and IBAN details are not available with the bank will have their dividend payments withheld, as per the Companies (Distribution of Dividends) Regulations, 2017. The bank has requested these shareholders to submit the required information to facilitate the release of their withheld dividends.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: NEUTRAL
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 💰 Bank Alfalah declares a third interim cash dividend for Q3 2025.
  • 💸 The dividend is Rs 2.50 per share, equivalent to 25%.
  • 🗓️ The dividend applies to the quarter ended September 30, 2025.
  • 🏦 Board of Directors approved the dividend on October 22, 2025.
  • ➡️ Dividend will be directly credited via electronic mode.
  • 📝 Shareholders must have valid CNIC and IBAN details on file.
  • 🔒 Dividends are withheld for shareholders with missing CNIC/IBAN.
  • ✉️ Multiple reminders have been sent to non-compliant shareholders.
  • 🔗 Shareholders can access dividend details via CCDR platform.
  • 🌐 CCDR is accessible through https://eservices.cdcaccess.com.pk.
  • 📜 Compliance with Companies (Distribution of Dividends) Regulations, 2017.
  • 📍 Announcement made in Karachi on November 18, 2025.
  • 👤 Mian Ejaz Ahmad, Company Secretary, is the contact person.

🎯 Investment Thesis

HOLD. While the consistent dividend payout is a positive sign, further analysis of the bank’s overall financial performance, including revenue growth, profitability, and asset quality, is needed to make a more informed investment decision. The current dividend yield appears stable, and therefore, it is recommended to hold the stock while monitoring the bank’s future performance and market conditions. The lack of specific financial data in the provided document limits the ability to recommend a Buy decision.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ ELCM: HOLD Signal (6/10) – CORPORATE BRIEFING PRESENTATION

⚡ Flash Summary

Elahi Cotton Mills Limited’s corporate briefing for the year ended June 30, 2025, reveals a mixed financial performance. While sales revenue increased from Rs 960.658 million in 2024 to Rs 996.624 million in 2025, the company experienced a significant shift from profit to loss after tax. Specifically, the company made a profit of Rs 10.592 million in 2025 compared to a loss of Rs (25.739) million in 2024. This decline in profitability is further reflected in the EPS, which decreased from 8.15 Rs/Share to (19.80) Rs/Share.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • ⬆️ Sales Revenue increased to Rs 996.624 million in 2025 from Rs 960.658 million in 2024.
  • 📉 Operating Profit shifted to Rs 22.610 million in 2025 from a loss of (Rs 14.917) million in 2024.
  • 📉 Profit/Loss After Tax declined to Rs 10.592 million in 2025 from (Rs 25.739) million in 2024.
  • 📉 EPS/LPS decreased to (Rs 19.80) /Share in 2025 from Rs 8.15/Share in 2024.
  • 📊 Paid-up Capital remained constant at Rs 13.000 million.
  • 📉 Return on Equity decreased to 81.5% in 2025 from (198.1)% in 2024.
  • ⬆️ Gross Profit increased significantly to Rs 41.638 million from Rs 2.734 million.
  • ⬇️ Administration & Distribution expenses decreased slightly to Rs 16.565 million from Rs 16.829 million.
  • ☀️ The company is installing solar systems to reduce energy costs and improve profitability.
  • ⚠️ The textile industry is facing slowdowns and increased costs, negatively impacting profit margins.

🎯 Investment Thesis

Given the mixed financial performance and external challenges, a HOLD recommendation is appropriate. While sales increased, the sharp decline in profitability raises concerns. The company needs to demonstrate sustainable profitability improvements before a BUY recommendation can be considered. A price target cannot be provided without additional financial information. The time horizon is MEDIUM_TERM (1-2 years).

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

⏸️ INDU: HOLD Signal (6/10) – Credit of First Interim Cash Dividend for the Year ending June 30, 2026

⚡ Flash Summary

Indus Motor Company Ltd. has announced a first interim cash dividend of Rs. 51 per share, which equates to 510% for the year ending June 30, 2026. The dividend will be credited electronically to the shareholders’ designated bank accounts. The payment date is November 18, 2025. This announcement provides income to shareholders.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 💰 Indus Motor Company declares first interim cash dividend.
  • 💵 Dividend amount: Rs. 51 per share.
  • 📈 Equivalent to 510% dividend.
  • 🗓️ Year-ending: June 30, 2026.
  • 🏦 Credited electronically to shareholders’ bank accounts.
  • 📅 Payment date: November 18, 2025.
  • ✅ Dividend D-76
  • Toyota Indus is a strong company
  • Pakistan Stock Exchange is the exchange
  • Karachi is the city

🎯 Investment Thesis

HOLD. The dividend announcement is positive, but further analysis is needed to assess the company’s long-term sustainability and growth prospects. A hold rating is appropriate until a comprehensive review of Indus Motor’s financials, competitive positioning, and macroeconomic factors is conducted to determine a fair price target.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 21, 2025

+ More