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Strength-6 - FoxLogica

Strength-6

⏸️ WAFI: HOLD Signal (6/10) – Corporate Briefing Presentation

⚡ Flash Summary

Wafi Energy Pakistan’s corporate briefing on October 28, 2025, highlights key milestones including the acquisition by Wafi in October 2024 and renaming in January 2025. The company emphasizes sustainable growth, financial robustness, and ESG sustainability as future strategic directions. Year-to-date September 2025 financial figures are redacted, pending official publication, but the presentation does provide some historical context. The briefing also covers safety protocols, company operations, and business highlights, including growth in motor fuels and convenience retail sales.

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

📌 Key Takeaways

  • ⛽ Motor-fuels saw an 8.5% growth compared to 2024 (YTD Sep).
  • 💪 Shell V-Power experienced a 155% growth compared to 2024 (YTD Sep).
  • 🏢 28 new sites were added nationally (YTD Sep).
  • 🛍️ Convenience retail sales increased by 19% (YTD 2025).
  • 🏪 More than 9 Gen5 Shell Select stores were added to the CR Portfolio.
  • 🤝 Partnerships with key OEMs reinforced WEPL Lubricants’ leadership.
  • 🏆 Lubricants secured bronze at Effie Award, with further wins at Dragons of Pakistan.
  • 🧑‍🏫 Road Safety Awareness Training was conducted for children as part of CSR.
  • ♻️ A fuel station made from recycled plastics was established in Rawalpindi.
  • 💸 Fuel vouchers were distributed to NDMA to support humanitarian relief operations.
  • 📅 Acquisition completed in October 2024, with Wafi becoming the majority shareholder.
  • 🚀 Company renamed as Wafi Energy Pakistan Limited in January 2025.

🎯 Investment Thesis

Given the limited financial data provided for the current period (YTD Sep 2025) and the presence of several business risks, a HOLD recommendation is appropriate. Further clarity on the current year’s performance is needed to make a more informed investment decision. A price target cannot be accurately determined without the latest financial metrics.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ SEL: HOLD Signal (6/10) – Applied for Extension for holding the AGM 30.06.2025

⚡ Flash Summary

Sitara Energy Limited (SEL) has applied for an extension to hold its Annual General Meeting (AGM) for the financial year ended June 30, 2025. The company is seeking a 30-day extension, moving the deadline to November 28, 2025, to submit its annual accounts. The reasons cited for the delay include a severe financial crisis and a shortage of staff due to partial operation, which have impacted the audit process. The company has also included a letter from its external auditors indicating that the audit will be completed within two weeks after receiving management’s assessment of expected credit loss against trade debts.

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

📌 Key Takeaways

  • 📅 SEL applied for a 30-day extension for holding the AGM and submitting annual accounts.
  • 🗓️ The new deadline for holding the AGM is November 28, 2025.
  • ⚠️ The company cites a ‘severe financial crisis’ as a reason for the delay.
  • 📉 Shortage of staff due to partial operation has impacted audit timelines.
  • 🧾 The last AGM was held on October 28, 2024, for the financial year ended June 30, 2024.
  • 📜 The application is made under Section 132 and Section 233 of the Companies Act, 2017.
  • 💸 SEL paid a fee of Rs. 15,000 for the extension application.
  • ✉️ External auditor indicates a two-week timeline to complete the audit post management assessment.
  • 📍 Company’s registered office is located in Karachi.
  • 🌐 The company’s website is www.sitara.pk.

🎯 Investment Thesis

HOLD. Given the stated ‘severe financial crisis’ and operational challenges, investing in SEL is risky at this moment. Further analysis of the company’s financial statements and the auditor’s assessment is needed before considering a BUY recommendation. A price target cannot be accurately determined without additional information. Time horizon: medium term, pending resolution of financial and operational issues.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ UNITY: HOLD Signal (6/10) – CERTIFIED COPY OF THE RESOLUTION PASSED BY THE SHAREHOLDERS AT THE 35th AGM HELD ON OCTOBER 27, 2025

⚡ Flash Summary

Unity Foods Limited held its 35th Annual General Meeting on October 27, 2025, where shareholders approved the minutes of the previous meetings and the audited financial statements for the year ended June 30, 2025. The reappointment of Grant Thornton Anjum Rahman as statutory auditors for the year ending June 30, 2026, was also approved, authorizing the board to fix their remuneration. Additionally, related party transactions and the disposal of the Kotri Plant were ratified. A significant resolution involved converting PKR 5.00 billion in advance payments to Sunridge Foods into a revolving loan.

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

📌 Key Takeaways

  • ✅ Minutes of the Extra Ordinary General Meeting held on March 27, 2025, were approved.
  • 📊 Standalone and consolidated audited financial statements for the year ended June 30, 2025, along with Directors’ and Auditors’ Reports, were approved.
  • 👨‍💼 M/s Grant Thornton Anjum Rahman re-appointed as Statutory Auditors for the year ending June 30, 2026.
  • 💰 The Board of Directors is authorized to fix the remuneration of the Statutory Auditors.
  • 🤝 Related party transactions during the year ended June 30, 2025, disclosed in note no. 36, were ratified and approved.
  • 🏢 The Board is authorized to approve related party transactions on a case-by-case basis for the year ending June 30, 2026.
  • 🏭 Disposal of the Kotri Plant, including land, buildings, plant & machinery, and equipment, was approved.
  • 📜 The disposal is subject to Section 183(3) of the Companies Act, 2017, and terms determined by the Board of Directors.
  • 🔄 Conversion of PKR 5.00 billion in advance payments to Sunridge Foods into a revolving line of credit was approved.
  • 📅 The revolving line of credit is valid for one year, renewable for up to five consecutive years.
  • 📈 The loan will carry a mark-up rate to be agreed upon, not lower than the average borrowing cost of the company.
  • ✍️ The CEO, CFO, and Company Secretary are authorized to execute agreements and fulfill legal formalities for the loan.
  • 🏦 Advance payments amounting to PKR 5.50 billion to Sunridge Confectionery Limited were converted into a revolving line of credit.
  • 🤝 Terms and conditions for the revolving line of credit may be mutually agreed upon between the Company and SCL.
  • ✔️ All necessary actions to give full effect to the resolutions were authorized.

🎯 Investment Thesis

HOLD. The resolutions passed at the AGM indicate routine approvals and internal restructuring. The conversion of advances into revolving credit lines for subsidiaries suggests a need for more flexible financing options within the group. While the disposal of the Kotri Plant could potentially unlock value, the absence of specific details makes it difficult to assess the overall impact. A HOLD recommendation is appropriate pending further information on the financial performance of Unity Foods and its subsidiaries. Price target cannot be accurately determined due to lack of key financial figures.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ ABL: HOLD Signal (6/10) – Notices regarding Declaration of 3rd Interim Cash Dividend (D-65) for the year ending December 31, 2025 and Closure of Share Transfer Books of Allied Bank Limited – (Prior to Publication)

⚡ Flash Summary

Allied Bank Limited (ABL) has announced its 3rd Interim Cash Dividend (D-65) for the year ending December 31, 2025, at a rate of 40% or Rs. 4.00 per share. The decision was made during the Board of Directors meeting on October 23, 2025. To determine shareholder entitlement, the Share Transfer Books will be closed from November 4, 2025, to November 6, 2025. Shareholders are requested to update their registered addresses with the Bank’s Share Registrar.

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

📌 Key Takeaways

  • 💰 ABL declares 3rd Interim Cash Dividend (D-65) at 40% for the year ending December 31, 2025.
  • 💵 Dividend amount is Rs. 4.00 per share.
  • 🗓️ Board of Directors approved the dividend on October 23, 2025.
  • 🔒 Share Transfer Books will be closed from November 4, 2025 to November 6, 2025.
  • ⏳ Share transfer requests received by November 3, 2025 will be considered for dividend entitlement.
  • 📍 Shareholders must notify changes in registered addresses to CDC Share Registrar Services Limited.
  • 📑 Mandatory information like CNIC and IBAN must be provided to the Share Registrar.
  • 🏦 Dividends will be withheld for shareholders who haven’t provided their CNIC and IBAN details.
  • 🧾 Withholding tax will be deducted based on the Active Taxpayers List (ATL) status.
  • ✅ ATL filers will have a 15% tax deduction.
  • ❌ Non-ATL filers will face a 30% tax deduction.
  • ⚖️ Joint shareholders’ tax will be deducted based on their share ratio.
  • 📜 Valid tax exemption certificates are required for claiming exemption under Section 150 of the Income Tax Ordinance, 2001.
  • 🏦 Physical shares should be converted into book-entry form as per SECP guidelines.
  • 🌐 Shareholders can access the Centralized Cash Dividend Register (CCDR) via https://csp.cdcaccess.com.pk/.

🎯 Investment Thesis

Given the declaration of a substantial interim cash dividend, a HOLD recommendation appears appropriate at this time. The dividend indicates healthy financial performance, making the stock attractive to income-seeking investors. However, further analysis is needed to evaluate the long-term sustainability of the dividend payout, the impact of regulatory compliance, and other risk factors. The price target requires a more in-depth valuation analysis based on the bank’s financial statements, market conditions, and sector trends. A HOLD stance is advised until a more comprehensive analysis is completed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ FCEL: HOLD Signal (6/10) – Transmission of Quarterly Financial Statements for the Period Ended 09-30-2025

⚡ Flash Summary

First Capital Equities Limited (FCEL) reported a significant surge in profit for the three months ended September 30, 2025, with profit after taxation reaching Rs 105.183 million compared to Rs 27.702 million in the same period last year. This increase is primarily driven by a sharp rise in unrealized gains on investments, which jumped to Rs 105.594 million from Rs 28.206 million. Notably, brokerage income and capital gains were nil due to the discontinued brokerage operations. The company is in the process of transitioning its principal business from stock brokerage to real estate.

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

📌 Key Takeaways

  • 📈 Profit surged to Rs 105.183 million in 1QFY26 from Rs 27.702 million in 1QFY25.
  • 💰 Unrealized gains on investments increased significantly to Rs 105.594 million from Rs 28.206 million.
  • 💼 Brokerage income and capital gains were nil due to discontinued operations.
  • ⚠️ Operating expenses increased by 62% during the period.
  • 🏢 Company is transitioning from stock broker to real estate business.
  • 📜 Application for surrender of trading right entitlement certificate (TREC) submitted to PSX.
  • 🏦 Accumulated losses stand at Rs 784.69 million as of September 30, 2025.
  • 🏢 Investment property remains constant at Rs 824.776 million.
  • 📊 Short term investments increased to Rs 164.525 million from Rs 83.574 million.
  • 🏦 Loan from financial institution remains largely unchanged at Rs 642.163 million.

🎯 Investment Thesis

HOLD. FCEL is undergoing a significant transformation, making it difficult to assign a clear BUY or SELL rating. The increase in profitability is promising, but it is largely based on unrealized gains. The company’s success hinges on its ability to successfully transition to the real estate business and generate sustainable revenue. A price target cannot be reliably established without a clearer picture of future earnings. Time horizon is medium-term, contingent on the successful implementation of the business transformation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

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

⚡ Flash Summary

Atlas Insurance Limited (ATIL) announced its financial results for the nine-month period ended September 30, 2025. The company declared an interim cash dividend of Rs. 2.50 per share, which translates to 25%. ATIL’s underwriting results showed a profit of PKR 878.62 million, while the profit after tax for the period stood at PKR 1,301.41 million, resulting in earnings per share of Rs. 8.71. The board has also decided to keep the bonus and right shares as Nil.

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

📌 Key Takeaways

  • 💰 Interim cash dividend declared at Rs. 2.50 per share (25%).
  • ❌ No bonus shares declared.
  • ❌ No right shares declared.
  • 📈 Net insurance premium increased to PKR 2,539.69 million from PKR 2,091.92 million YoY.
  • ✅ Underwriting results showed a profit of PKR 878.62 million.
  • 📊 Investment income increased to PKR 1,182.61 million.
  • 💸 Profit before tax was PKR 2,157.62 million.
  • 📉 Income tax expense was PKR 856.21 million.
  • ✅ Profit after tax stood at PKR 1,301.41 million.
  • ⭐ Earnings per share (EPS) reached Rs. 8.71.
  • 🏦 Total Assets: PKR 25,119.76 million.
  • 🏢 Total Equity: PKR 10,638.53 million.

🎯 Investment Thesis

Based on the current financial performance and the declared dividend, a HOLD recommendation is appropriate for ATIL. The company demonstrates profitability and growth potential. However, a more detailed valuation analysis and consideration of market conditions are necessary before making a BUY recommendation. A price target of PKR 100.00 with a time horizon of 12 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ ITANZ: HOLD Signal (6/10) – Financial Results for the year ended June 30, 2025

⚡ Flash Summary

ITANZ Technologies Limited reported its financial results for the year ended June 30, 2025. The company’s revenue increased compared to the previous year, and they reported a profit after income taxes. The company is working towards being moved from the Defaulters’ Counter to the Regular Trading Counter of the PSX. An Annual General Meeting will be held on November 25, 2025.

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

📌 Key Takeaways

  • 📅 AGM: Annual General Meeting on November 25, 2025, at 10:00 a.m.
  • 💼 Status: Company is working to transfer from Defaulters’ Counter to the Regular Trading Counter of PSX.
  • 🚫 Dividend: No cash dividend, bonus, rights, or any other entitlement declared.
  • 📈 Revenue: Revenue from contracts with customers increased to PKR 441.52 million.
  • 💰 Gross Profit: Gross profit increased to PKR 298.69 million.
  • 💸 Other Income: Other income increased significantly to PKR 50.49 million.
  • 📉 Administrative Expenses: Administrative expenses increased to PKR 52.06 million.
  • 👍 Operating Profit: Operating profit increased to PKR 281.28 million.
  • ➖ Finance Cost: Finance cost increased to PKR 9.06 million.
  • 📊 Profit Before Taxes: Profit before levies and income taxes increased to PKR 272.22 million.
  • 💸 Income Taxes: Provision for income taxes significantly increased to PKR 76.63 million
  • ✅ Profit After Taxes: Profit after income taxes increased to PKR 344.83 million.
  • ⬆️ EPS: Basic earnings per share increased to PKR 34.97.
  • 🏦 Total Equity: Total equity is PKR 626.64 million.
  • 🧾 Total Assets: Total assets are PKR 933.16 million.

🎯 Investment Thesis

HOLD. ITANZ Technologies has shown a good turnaround with increased revenue and profitability. However, its history on the Defaulters’ Counter means that it carries additional risk. Investors should wait to see how well the company can sustain its profitability and growth before making any changes. A price target is not possible to determine without sector and macroeconomic information.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ FECTC: HOLD Signal (6/10) – Certified True Copy of Resolution in 44th Annual General Meeting.

⚡ Flash Summary

Fecto Cement Limited held its 44th Annual General Meeting on October 27, 2025, where several key resolutions were passed. These included the confirmation of the minutes from the previous AGM, adoption of the audited financial statements for the year ended June 30, 2025, and approval of a final cash dividend. Additionally, the shareholders approved the appointment of BDO Ebrahim & Co. as external auditors for the upcoming year. The most significant resolution was the approval to sell investment property near Islamabad Airport for PKR 398.8 million, which will likely improve the company’s cash position.

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

📌 Key Takeaways

  • 📅 AGM held on October 27, 2025, at 12:00 PM in Karachi.
  • ✅ Minutes of the last AGM held on October 28, 2024, were confirmed.
  • 📊 Annual Audited Financial Statements for the year ended June 30, 2025, were adopted.
  • 💰 Final cash dividend of PKR 2/- per share (20%) approved for shareholders.
  • 🗓️ Dividend payable to shareholders registered as of October 16, 2025.
  • 👨‍💼 BDO Ebrahim & Co. appointed as External Auditors for the year ending June 30, 2026.
  • 🏢 Investment property sale near Islamabad Airport approved.
  • 💸 Sale consideration: PKR 3,200,000 per kanal.
  • 📏 Total land area for sale: 124.625 kanals.
  • 🤝 Total sale proceeds expected: PKR 398,800,000.
  • 📝 CEO, Executive Directors, CFO & Company Secretary authorized to finalize the disposal.
  • 📜 Authorization includes negotiating & executing necessary documents.
  • 💼 Board authorized to sub-delegate authorizations to board members or management.

🎯 Investment Thesis

Based on the information provided, a HOLD recommendation is appropriate. The approval of the dividend is a positive sign. The sale of the land near the airport is a one-time event that will generate cash. However, until more information is provided, I cannot issue a BUY recommendation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ POWER: HOLD Signal (6/10) – Reappointment of Chairman of the Board and Chief Executive Officer of the Company

⚡ Flash Summary

Power Cement Limited announced the reappointment of Mr. Muhammad Arif Habib (Non-Executive Director) as the Chairman of the Board of Directors and Mr. Muhammad Kashif as the Chief Executive Officer for a term of three years commencing from October 28, 2025. This decision follows the Election of Directors. The announcement was made to the Pakistan Stock Exchange Limited and advises them to inform TRE Certificate Holders. This continuation of leadership provides stability for the company.

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

📌 Key Takeaways

  • 📅 Reappointment effective from October 28, 2025.
  • 👨‍💼 Mr. Muhammad Arif Habib reappointed as Chairman.
  • 🧑‍💼 Mr. Muhammad Kashif reappointed as CEO.
  • ⏳ Term length is three years.
  • 🏢 Announcement to Pakistan Stock Exchange.
  • ✅ Leadership continuity ensured.
  • 📜 Follows the Election of Directors.
  • 🤝 Board of Directors decision.
  • ✉️ Official notification to stakeholders.
  • 👍 Potential for continued strategic direction.

🎯 Investment Thesis

Based solely on the reappointment of key leadership, a HOLD recommendation is appropriate. The announcement provides stability, but further financial data is needed to make a more informed investment decision. Without concrete financial performance indicators, assigning a specific price target or time horizon is not possible.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ PAKD: HOLD Signal (6/10) – Resolutions Adopted in 33rd AGM held on Oct 27, 2025 at Islamabad

⚡ Flash Summary

Pak Datacom held its 33rd Annual General Meeting on October 27, 2025, in Islamabad. Shareholders approved the audited accounts for the year ended June 30, 2025. A final cash dividend of Rs. 6.00 per share (60%) was approved for shareholders. M/s BDO Ebrahim & Co. were reappointed as auditors for the year ending June 30, 2026, at a remuneration of Rs. 1,714,000 plus expenses.

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

📌 Key Takeaways

  • ✅ Audited accounts for the year ended June 30, 2025, were adopted.
  • 💰 A final cash dividend of Rs. 6.00 per share (60%) was approved.
  • 🗓️ Dividend payable to shareholders registered as of October 17, 2025.
  • 👨‍💼 M/s BDO Ebrahim & Co. reappointed as auditors for the year ending June 30, 2026.
  • 💸 Auditor remuneration set at Rs. 1,714,000 plus out-of-pocket expenses.
  • 🤝 Approval to pay net Rs. 300,000 each as yearly honoraria to all Board members.

🎯 Investment Thesis

Given the limited information, a HOLD recommendation is appropriate. The dividend payout is a positive sign, but further analysis of financial performance is needed to determine a specific price target and investment strategy.

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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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