Strength-6 - FoxLogica

⏸️ PSO: HOLD Signal (6/10) – Resolutions passed and adopted at the 49th AGM

⚡ Flash Summary

Pakistan State Oil’s 49th Annual General Meeting (AGM) resolutions were adopted, including the confirmation of the minutes of the 48th AGM and the approval of the audited financial statements for the year ended June 30, 2025. KPMG Taseer Hadi & Co. were re-appointed as external auditors for the year ending June 30, 2026. Shareholders also approved a final cash dividend of Rs. 10 per share, representing 100% of the face value, for the year ended June 30, 2025. These decisions indicate continued operational and financial oversight, as well as shareholder returns.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Minutes of the 48th AGM held on October 24, 2024, were confirmed.
📊 Audited unconsolidated and consolidated financial statements for the year ended June 30, 2025, were adopted.
🤝 KPMG Taseer Hadi & Co. re-appointed as external auditors for the year ending June 30, 2026.
💰 Final cash dividend of Rs. 10 per share (100%) approved for the year ended June 30, 2025.
📅 AGM held on October 24, 2025, at the Pearl Continental Hotel, Karachi.
💻 Meeting also conducted through video-conferencing.
📜 Resolutions passed as per clause 5.6.9 (b) of the PSX Rule Book.
audit Approved annual financial statement for year end June 30, 2025
Dividend Approved final dividend of Rs. 10 per share for year end June 30, 2025
Auditor Approved M/s. KPMG Taseer Hadi & Co., Chartered Accountants, as external auditors of the Company for the year ending June 30, 2026.

🎯 Investment Thesis

Given the approval of the dividend payout and re-appointment of auditors, a HOLD recommendation is appropriate. This suggests that investors should maintain their current positions while monitoring the company’s performance and external factors. Based on the provided information, there is not sufficient evidence to warrant a BUY or SELL decision. However, more information on the financials is needed to give a buy or sell rating.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements SHEZ Signal: HOLD

⏸️ SHEZ: HOLD Signal (6/10) – Corporate Briefing Session Presentation FY 2024-25

⚡ Flash Summary

Shezan International Limited’s corporate briefing session for FY 2024-25 reveals a mixed performance. Revenue has seen a gradual increase over the past few years, reaching PKR 9.183 billion in 2025. However, profit after tax has been volatile, with a significant loss in 2024 followed by a recovery to PKR 163 million in 2025. The company faces challenges including flood-related disruptions and the impact of Federal Excise Duty (FED) on its products.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

Established in 1964, Shezan focuses on juices and drinks. 🥤
Company has manufacturing units in KPK and Sindh. 🏭
Revenue increased from PKR 7.313 billion in 2020 to PKR 9.183 billion in 2025. 📈
Federal Excise Duty (FED) increased significantly in 2024 and 2025. ⚠️
Loss after tax of PKR 463 million in 2024. 📉
Profit after tax recovered to PKR 163 million in 2025. ⬆️
Earnings per share (EPS) was negative in 2020 and 2024, but positive in other years. 📊
Break-up value per share decreased from PKR 221.93 in 2020 to PKR 162.96 in 2025. ↘️
Dividend payout ratio fluctuated, reaching 42% in 2025. 💸
Company faces risks from floods, inflation, and currency fluctuations. 🌊
20% FED on juices and PKR 15/- per kg FED on sugar impacts input costs. 🍬
Shezan is part of the Fruit Juice Council, advocating for FED reduction. 🍎
Plans to install solar energy system in Lahore to reduce costs. ☀️
Focus on exports, product innovation, and cost optimization. 💡

🎯 Investment Thesis

Given the inconsistent profitability, declining break-up value, and external risks, a HOLD recommendation is appropriate. While revenue growth is positive, the company needs to stabilize its profitability and mitigate the impact of FED and other risks. A BUY recommendation would require evidence of improved profitability and risk management.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements ICIBL Signal: HOLD

⏸️ ICIBL: HOLD Signal (6/10) – TRANSMISSION OF QUARTERLY REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

Invest Capital Investment Bank Limited reported a net profit of PKR 20.40 million for the quarter ended September 30, 2025, a decrease from PKR 33.84 million in the same quarter last year. The decrease in profit is attributed to an unrealized loss on investment in shares. Gross revenue decreased to PKR 28.48 million compared to PKR 41.36 million in the prior year, while administrative and operating expenses slightly decreased. The company focused on increasing profitability by investing in new financing businesses (leases and loans) amounting to PKR 115.23 million and stock market shares of PKR 43.17 million. Total assets increased to PKR 1,602.29 million due to new lease/financing business.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net profit decreased to PKR 20.40 million from PKR 33.84 million year-over-year.
😟 Earnings per share (EPS) fell to PKR 0.072 from PKR 0.119 year-over-year.
Revenue dropped to PKR 28.48 million from PKR 41.36 million year-over-year, showing a concerning decline. Revenue includes other income.
Expenses were well managed with administrative and operating costs at PKR 7.80 million, lower than the prior year’s PKR 8.10 million.
💼 Investment in new financing businesses (leases and loans) totaled PKR 115.23 million.
💸 Investment in stock market shares was PKR 43.17 million.
🏦 No investment in Treasury bills due to reduced policy rate by the State Bank of Pakistan to 11.00%.
✅ Effective risk management leads to negligible infection levels in the new financing business, with nearly 100% recovery of billed amounts.
💪 Management remains determined to improve recovery from old non-performing leases and loans.
📈 Total assets increased by PKR 34.42 million to PKR 1,602.29 million.
Liabilities increased to PKR 820.70 million, a sign of increased financial obligations.
Pakistan’s economy is showing signs of recovery with a GDP growth of 3.04% expected for fiscal year 2025.
Despite challenges, management is confident in improving profitability in the future.

🎯 Investment Thesis

Given the decrease in profitability and dependence on recovery from old non-performing loans, a HOLD recommendation is appropriate. While the company is taking steps to improve profitability through strategic investments, the near-term outlook remains uncertain. The target price will be kept at the current level until there’s a clear indication of recovery and sustained growth in profitability.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: HOLD SZTM

⏸️ SZTM: HOLD Signal (6/10) – FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

Shahzad Textile Mills Limited (SZTM) reported a profitable quarter, reversing losses from the same period last year. Sales increased significantly, driving the improved financial performance. The company achieved a net profit of PKR 66.008 million, a stark contrast to the PKR 28.746 million loss in the prior year. Earnings per share (EPS) also reflected this turnaround, rising to PKR 3.67 from a loss of PKR 1.60 per share. However, cash flow from operating activities remains negative.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Sales surged to PKR 3,354.647 million, up from PKR 2,227.070 million in the same quarter last year.
💰 Net profit soared to PKR 66.008 million, compared to a loss of PKR 28.746 million in the prior year.
⭐ Earnings per share (EPS) increased to PKR 3.67, a significant improvement from a loss of PKR 1.60.
📊 Gross profit increased substantially to PKR 282.235 million from PKR 115.139 million.
⚠️ Operating profit improved significantly to PKR 127.504 million from a loss of PKR 10.877 million.
💸 Finance costs decreased to PKR 22.134 million compared to PKR 33.721 million.
🏦 Operating cash flow is negative at PKR (47.726) million, lower than prior year’s PKR (223.349) million.
📉 Cash and cash equivalents increased to PKR 491.378 million from PKR 386.233 million at the beginning of the period.
✔️ Total Equity increased to PKR 3,598.564 million from PKR 3,532.556 million as of June 30, 2025.
🏭 Property, plant, and equipment increased to PKR 2,788.547 million from PKR 2,721.486 million.
🧾 Trade and other payables increased to PKR 1,036.870 million from PKR 935.371 million.
❗ No cash dividend, bonus shares, or right shares were recommended by the board.
✅ Short term borrowings increased to PKR 1,075.305 million from PKR 871.519 million

🎯 Investment Thesis

Based on the improved financial performance, a HOLD recommendation is appropriate for SZTM. The company has demonstrated a strong turnaround in profitability and revenue growth. However, the negative operating cash flow is a cause for concern, and requires careful monitoring. A price target of PKR 80, with a time horizon of 12 months, is suggested, contingent on the company improving its cash flow generation and maintaining its revenue growth trajectory.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: HOLD STJT

⏸️ STJT: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended 30-09-2025 REVOKED

⚡ Flash Summary

Shahtaj Textile Limited reported a decrease in net sales revenue for the quarter ended September 30, 2025, falling by 15.7% from Rs 1.968 billion to Rs 1.659 billion, primarily due to increased sales orders booked against processing charges. Despite the revenue decline, the company achieved an after-tax profit of Rs 57.313 million, a significant increase from Rs 1.08 million in the same period last year, resulting in an EPS of Rs 5.93 compared to Rs 1.08. The increase in profitability was attributed to a higher gross profit rate, which rose from 8.89% to 11.74% due to marketing efforts, efficient inventory procurement, cost control, and the generation of renewable energy.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net Sales Revenue decreased by 15.7%, from Rs 1.968 billion to Rs 1.659 billion.
✅ After-tax profit surged to Rs 57.313 million, up from Rs 1.08 million YoY.
👍 Earnings Per Share (EPS) increased significantly to Rs 5.93 from Rs 1.08 YoY.
📈 Gross Profit (GP) rate improved from 8.89% to 11.74%.
⬇️ Distribution costs decreased due to reduced export sales.
⬆️ Administrative expenses increased due to inflation.
📉 Finance costs decreased due to prudent financial management and lower policy rates.
☀️ The company installed a 1 MW solar plant last year and plans to add 3.3 MW in the current financial year.
⚠️ Textile industry faces challenges including recent heavy rains and floods impacting crops.
⚠️ High tax rates and energy prices may impact future profit margins.
🤝 Government is expected to introduce business-friendly policies to support industrial growth.

🎯 Investment Thesis

Based on the provided information, a HOLD recommendation is appropriate. While the company has demonstrated a significant improvement in profitability and EPS, the revenue decline and external risks warrant caution. A price target cannot be accurately assessed without additional valuation data, such as sector-specific ratios. Further monitoring of revenue trends, cost management, and government policy changes is recommended. Current positive momentum is offset by external risks.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements BFBIO Signal: HOLD

⏸️ BFBIO: HOLD Signal (6/10) – Financial Results for the Quarter Ended 2025-09-30

⚡ Flash Summary

BFBIO’s financial results for the quarter ended September 30, 2025, show a significant increase in revenue compared to the same period last year. Revenue grew from Rs. 1,386.37 million to Rs. 2,432.29 million. Despite increased operating expenses, the company managed to increase its profit after taxation from Rs. 115.27 million to Rs. 159.52 million. The earnings per share (EPS) remained relatively stable at Rs. 1.81.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚀 Revenue increased by 75.4% YoY, from Rs. 1,386.37 million to Rs. 2,432.29 million.
💰 Gross profit surged by 84.1% YoY, from Rs. 563.83 million to Rs. 1,038.33 million.
⚠️ Selling and distribution expenses increased significantly from Rs. 304.87 million to Rs. 709.17 million.
📈 Profit from operations rose by 34.2% YoY, from Rs. 221.26 million to Rs. 297.05 million.
📉 Finance costs decreased by 24.7% YoY, from Rs. 35.03 million to Rs. 26.39 million.
✅ Profit before income tax increased by 47.5% YoY, from Rs. 181.59 million to Rs. 267.89 million.
📊 Income tax expense increased by 63.4% YoY, from Rs. 66.31 million to Rs. 108.37 million.
🌟 Profit after taxation increased by 38.4% YoY, from Rs. 115.27 million to Rs. 159.52 million.
💲 Earnings per share (EPS) remained relatively constant at Rs. 1.81 compared to Rs. 1.82 last year.
💸 Cash generated from operations increased from Rs. 73.50 million to Rs. 131.21 million.
🧱 Total assets increased from Rs. 8,158.53 million to Rs. 8,733.56 million.
🌱 Unappropriated profit increased from Rs. 2,616.77 million to Rs. 2,776.29 million.

🎯 Investment Thesis

HOLD. BFBIO has shown strong revenue growth and improved profitability. However, increased operating expenses and income tax expenses need to be monitored. Given the mixed signals, it is prudent to maintain a HOLD rating. The price target should be revised upon further analysis of cost management and market dynamics.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements SHFA Signal: HOLD

⏸️ SHFA: HOLD Signal (6/10) – Financial Results for the 1st Quarter Ended September 30, 2025

⚡ Flash Summary

Shifa International Hospitals Limited’s unaudited financial results for Q1 2026 show improved performance compared to Q1 2025. Revenue increased, leading to higher profit before tax and profit for the period. The earnings per share also rose, indicating better profitability for shareholders. The Board did not recommend a cash dividend. Further analysis is needed to assess the sustainability and drivers of this growth.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚀 Revenue increased by 7.85% from PKR 7,061.37 million to PKR 7,615.51 million.
✨ Other income more than doubled, rising by 139.6% from PKR 44.94 million to PKR 95.87 million.
💰 Operating costs increased by 7.11% from PKR 5,951.54 million to PKR 6,374.52 million.
📉 Finance costs decreased by 14.8% from PKR 98.92 million to PKR 84.28 million.
📉 Expected credit losses increased by 21.5% from PKR 19.89 million to PKR 24.15 million.
👍 Profit before levies and income tax rose by 18.6% from PKR 1,035.97 million to PKR 1,228.42 million.
📈 Income tax expense increased by 19.0% from PKR 407.30 million to PKR 484.84 million.
🎉 Profit for the period increased by 18.3% from PKR 628.68 million to PKR 743.58 million.
⭐ Earnings per share (basic and diluted) increased by 18.2% from PKR 9.95 to PKR 11.76.
❌ No cash dividend was recommended by the Board.
Balance sheet analysis shows an increase in total assets from PKR 21,430.98 million to PKR 23,438.71 million.
Non-current assets increased significantly from PKR 13,913.72 million to PKR 16,454.21 million, mainly due to higher long-term investments.
Current assets decreased slightly from PKR 7,517.26 million to PKR 6,984.50 million.
Total liabilities increased from PKR 7,124.36 million to PKR 8,388.51 million.

🎯 Investment Thesis

Based on the improved Q1 performance, a HOLD recommendation is appropriate. While the company shows positive momentum, further analysis is needed to understand the sustainability of this growth and the impact of increased long-term investments. A price target of PKR 130, reflecting a 10x multiple on the annualized EPS, is set with a time horizon of 12 months, pending more comprehensive analysis and future performance data.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements SHFA Signal: HOLD

⏸️ SHFA: HOLD Signal (6/10) – Disclosure of Material Information

⚡ Flash Summary

Shifa International Hospitals Ltd. (SIHL) announced a proposed merger with its subsidiary, Shifa Medical Center Islamabad (Private) Limited (SMCI), to streamline the corporate structure. The amalgamation aims to improve operational efficiency, reduce costs, and enhance resource utilization. SIHL expects that the merger will lead to economies of scale and future growth. The proposed amalgamation is subject to required regulatory approvals.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🏥 SIHL plans to merge with its subsidiary SMCI.
🏢 The goal is to simplify the corporate structure.
⚙️ Operational efficiencies are a primary driver.
💰 Cost reduction is expected.
💪 Enhanced resource utilization is anticipated.
📈 SIHL aims for long-term success through the merger.
⚖️ Regulatory approvals are required.
🧩 The merger will consolidate resources.
📊 Improved financial reporting is expected.
🌱 The combined entity will be better positioned for expansion.

🎯 Investment Thesis

Given the limited financial details, a HOLD recommendation is appropriate. The merger has the potential to improve SIHL’s operational efficiency and profitability, but uncertainties remain. Further information on the merger terms and projected financials is needed before a BUY recommendation can be made. No price target is possible without financials. Time horizon is medium-term, to evaluate the merger.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GHNI Signal: HOLD

⏸️ GHNI: HOLD Signal (6/10) – Certified Copy of Resolutions passed in 62nd AGM

⚡ Flash Summary

Ghandhara Industries Limited held its 62nd Annual General Meeting on October 25, 2025, where several resolutions were passed. These include the approval and adoption of the annual audited financial statements for the year ended June 30, 2025, along with the Chairman’s Review, Directors’ and Auditors’ report. Additionally, ShineWing Hameed Chaudhri & Co. Chartered Accountants were re-appointed as auditors for the year ending June 30, 2026. The meeting also saw the approval of a final cash dividend of 100% (Rs. 10 per share) for the year ended June 30, 2025.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Annual Audited Financial Statements for the year ended June 30, 2025 were approved and adopted.
🤝 Chairman’s Review, Directors’ and Auditors’ report were included in the approval process.
👨‍💼 ShineWing Hameed Chaudhri & Co. re-appointed as auditors for the year ending June 30, 2026.
💰 Final cash dividend of 100% (Rs. 10 per share) approved for the year ended June 30, 2025.
🗓️ Dividend payment to shareholders listed on Member Register as of October 16, 2025.
✍️ Company Secretary authorized to complete formalities for dividend payment.
💼 Executive Director Mr. Muhammad Kuli Khan Khattak authorized to hold office of profit as executive.
🤝 Related party transactions for the year ended June 30, 2025, ratified and confirmed.
✔️ Chief Executive authorized to approve related party transactions for the year ending June 30, 2026.
📜 Advance authorization granted to the Chief Executive to review and approve related party transactions.
📑 Related party transactions for the period ending June 30, 2026, deemed approved.
🏢 Transactions will be placed before members in the next AGM for ratification.
👥 Resolutions passed in accordance with the Companies Act, 2017.
⭐ Meeting held at F-3, HUB CHAUKI ROAD, S.I.T.E, KARACHI
📅 62nd Annual General Meeting held on October 25, 2025

🎯 Investment Thesis

Given the approval of financial statements, re-appointment of auditors, and the dividend announcement, a HOLD recommendation is appropriate. The dividend provides a steady return, but further analysis of the company’s financial performance and future growth prospects is necessary before considering a BUY. Price target dependent on broader market indicators and company’s long term earnings performance. Focus is on a longer-term view, assessing stability and growth potential.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MACTER Signal: HOLD

⏸️ MACTER: HOLD Signal (6/10) – Adoption of Resolutions by the Members in Annual General Meeting

⚡ Flash Summary

Macter International Limited’s Annual General Meeting on October 25, 2025, resulted in the adoption of key resolutions. These include the approval of audited financial statements for the year ended June 30, 2025, alongside the reports from auditors and directors. A final cash dividend of Rs. 20.00 per ordinary share of Rs. 10 each was also approved. Additionally, A. F. Ferguson & Co. was re-appointed as the company’s auditors until the next Annual General Meeting, with the CEO and CFO authorized to finalize their remuneration for the audit ending June 30, 2026.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Audited consolidated and unconsolidated financial statements for the year ended June 30, 2025, were adopted.
💰 A final cash dividend of Rs. 20.00 per ordinary share (Rs. 10 par value) was approved for the year ended June 30, 2025.
👨‍💼 A. F. Ferguson & Co. was re-appointed as the company’s auditors until the next AGM.
🤝 The CEO and CFO are authorized to negotiate and finalize auditors’ remuneration for the audit ending June 30, 2026.
🗓️ The AGM was held on October 25, 2025.
📜 Resolutions were adopted in accordance with the Listing Regulations of the Pakistan Stock Exchange.
🏢 Macter International Limited is the company in question.
📍 The company’s registered office is located in Karachi, Pakistan.
💼 Asif Javed serves as the Company Secretary.
📑 The document is an extract of the resolutions adopted.

🎯 Investment Thesis

Based on the available information, a HOLD recommendation is warranted. The approval of the dividend is a positive sign, but without detailed financial data, a firm BUY or SELL recommendation cannot be justified. Further analysis is needed, including examination of the company’s full financial statements. The time horizon is MEDIUM_TERM, contingent on further information and company performance.

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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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