Strength-6 - FoxLogica

⏸️ BAFL: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Bank Alfalah’s unaudited condensed interim financial statements for the period ended September 30, 2025, reveal a profit after tax (PAT) of PKR 21.44 billion, resulting in earnings per share (EPS) of PKR 13.59. While revenue saw a YoY increase of 4.9%, reaching PKR 136.70 billion, profitability faced headwinds from declining benchmark rates and higher remittance-related promotional expenses. However, growth in average deposits and an improved current account (CA) mix offered some support, showcasing the bank’s efforts to balance challenges and opportunities.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 PAT decreased to PKR 21.44 billion, impacted by declining benchmark rates.
📉 EPS declined to PKR 13.59 due to higher tax rates.
⬆️ Total revenue increased by 4.9% YoY to PKR 136.70 billion.
➕ Net Markup income grew by 4.5%, driven by cost of funds optimization.
⚠️ Fee and Commission Income decreased by 13.5% due to pricing pressures.
🏦 Customer deposits reached PKR 2.17 trillion, focus on current accounts.
📈 Gross advances increased by 23.9% YoY.
✔️ Infection ratio maintained at 4.0% through strong underwriting.
✅ Non-performing loans fully covered with a coverage ratio of 110.2%.
🛡️ CAR remained adequately capitalized at 17.94%.
💸 Interim cash dividend declared at PKR 2.50 per share (25%), a total of PKR 7.50 per share YTD.
⭐ Entity rating reaffirmed at ‘AAA’ (long-term) and ‘A1+’ (short-term) by PACRA.
📊 KSE-100 reached an all-time high of 165,494 points due to economic stability.
🌍 Pakistan’s credit rating upgraded to Caal from Caa2 by Moody’s
🌧️ Floods impacted Punjab and Northern areas, potentially affecting GDP growth and inflation.

🎯 Investment Thesis

Based on current results, a HOLD recommendation is warranted, as the announcement reflects both challenges and opportunities. The decline in profitability necessitates caution, although strong asset growth and capital position are positive. A price target can’t be accurately determined without a full assessment of market conditions, projected earnings and risk factors. Time horizon is medium term. More information about the bank’s outlook will be essential.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements REWM Signal: HOLD

⏸️ REWM: HOLD Signal (6/10) – Certified Copy of Resolutions Passed in the Annual General Meeting

⚡ Flash Summary

Reliance Weaving Mills Limited held its 35th Annual General Meeting on October 28, 2025. Shareholders approved the minutes of the previous AGM, the audited financial statements for the year ended June 30, 2025, and the re-appointment of ShineWing Hameed Chaudhri & Co. as external auditors. The meeting also ratified related party transactions and authorized the board to approve future related party transactions on a case-by-case basis. Finally, the shareholders approved investments in associated companies through working capital loans, with specific amounts allocated to Fatima Sugar Mills Limited, Reliance Commodities (Pvt.) Limited, Fatima Transmission Company Limited, Fazal Cloth Mills Limited, and Fatima Holding Limited.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ The 35th Annual General Meeting (AGM) of Reliance Weaving Mills Limited convened on October 28, 2025.
✔️ Shareholders approved the minutes of the 34th AGM held on October 28, 2024.
🧾 Audited financial statements for the year ending June 30, 2025, were approved.
🤝 ShineWing Hameed Chaudhri & Co. were re-appointed as external auditors.
💰 Auditor remuneration will be mutually decided by the CEO and auditors.
🤝 Related party transactions disclosed in Note 45 of the financial statements for the year ending June 30, 2025, were ratified.
✅ The Board is authorized to approve related party transactions until June 30, 2026.
📝 Transactions approved by the board will be presented for formal ratification in the next AGM.
🏦 Approval granted for investments in associated companies via working capital loans under Section 199 of the Act.
⏳ Loans are for a period of one year from the date of shareholder approval.
📈 Return on loans will be KIBOR plus 2.50%, not less than the company’s average borrowing cost.
🏭 PKR 400 million loan approved for Fatima Sugar Mills Limited.
📦 PKR 200 million loan approved for Reliance Commodities (Pvt.) Limited.
📡 PKR 300 million loan approved for Fatima Transmission Company Limited.
🧵 PKR 200 million loan approved for Fazal Cloth Mills Limited.
🏢 PKR 200 million loan approved for Fatima Holding Limited.

🎯 Investment Thesis

HOLD. The provided document primarily outlines procedural approvals and related-party transactions, offering limited insights into the company’s overall financial health or strategic direction. Without further information on the financial performance and strategic vision, a HOLD rating is most appropriate. Further analysis will be required before recommending a BUY or SELL position. Price target is not available at this time.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: HOLD

⏸️ HBL: HOLD Signal (6/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

HBL reported a record consolidated profit before tax of Rs 112.2 billion for the first nine months of 2025, a 31% increase year-over-year. The growth was attributed to strong performance across all business lines. Profit after tax rose by 19% to Rs 51.4 billion, although the industry is still burdened by higher taxes. Earnings per share improved from Rs 30.03 in 9M’24 to Rs 34.97 in 9M’25. An interim cash dividend of Rs 5.00 per share (50%) was declared for the quarter ended September 30, 2025.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Real GDP growth improved to 3.0% in FY’25, supported by the Industrial sector.
⚠️ Inflation increased to 5.6% in Sep’25, posing a risk to the SBP’s target range.
🌐 Trade deficit widened by 10.2% to $7.5 billion in Q1FY’26.
💰 Remittance flows remained strong at $9.5 billion in Q1FY’26.
✅ Pakistan reached a Staff Level Agreement with the IMF in Oct’25.
🚀 KSE 100 Index posted a 32% gain in Q1FY’26, crossing 165k.
🏦 MPC maintained the policy rate at 11.0% in Sep’25.
🏆 HBL delivered a record consolidated profit before tax of Rs 112.2 billion, up 31%.
💲 Profit after tax rose to Rs 51.4 billion, up 19%.
⭐ Earnings per share improved to Rs 34.97, from Rs 30.03.
⚖️ Bank’s balance sheet grew by 20% to Rs 7.2 trillion.
deposit base of Rs 5.1 trillion.
🔒 Domestic deposits rose by 18% to Rs 4.3 trillion.
🌱 Net interest income grew by 11% to Rs 207 billion.
🚀 Non-fund income increased to Rs 68 billion.
📉 Cost/income ratio improved to 55.5%, from 56.8%.
📉 Infection ratio reduced to 4.9%.

🎯 Investment Thesis

Given the strong financial performance, HBL’s stock is currently a HOLD. While the bank demonstrates growth and operational efficiencies, factors such as the higher tax burden and external economic conditions are a big headwind. The price target is revised to previous levels, 5-10% above the current price, until the external environment improves.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements PRET Signal: HOLD

⏸️ PRET: HOLD Signal (6/10) – Certified Copy of resolutions passed in Annual General Meeting held on 28-10-2025

⚡ Flash Summary

Premium Textile Mills Limited held its Annual General Meeting on October 28, 2025, where shareholders confirmed the minutes of the previous AGM, adopted the audited financial statements for the year ended June 30, 2025, and approved a final cash dividend of Rs. 2.00 per share, equivalent to 20%. The meeting also re-appointed M/s Rahman Sarfaraz Rahim Iqbal Rafiq Chartered Accountants as external auditors for the fiscal year ending June 30, 2026. The CEO and Company Secretary are authorized to complete all necessary actions for implementing these resolutions. This demonstrates a commitment to rewarding shareholders and maintaining financial oversight.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Minutes of the previous Annual General Meeting held on October 25, 2024, were confirmed.
📈 Audited Financial Statements for the year ended June 30, 2025, were received and adopted.
💰 A final cash dividend of Rs. 2.00 per share (20%) was approved for the year ended June 30, 2025.
🗓️ Dividend will be paid to members appearing in the Register of Members as of October 20, 2025.
✍️ CEO and Company Secretary are authorized to implement the resolutions.
👨‍💼 M/s Rahman Sarfaraz Rahim Iqbal Rafiq Chartered Accountants re-appointed as external auditors.
audit The auditors will serve for the financial year ending June 30, 2026.
🤝 Terms for the auditors’ re-appointment to be agreed with management.
🏢 Meeting demonstrates compliance with PSX rulebook.
⭐ AGM reflects standard operational procedures and shareholder engagement.

🎯 Investment Thesis

Given the limited information, a HOLD recommendation is appropriate. The approval of a dividend is a positive sign, but a comprehensive analysis requires a review of the company’s financial statements. Without this, it is difficult to establish a firm price target. The time horizon depends on the investor’s objectives and risk tolerance, but a medium-term horizon (1-3 years) may be appropriate to assess the company’s financial performance and dividend sustainability.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MCBIM-FUNDS Signal: HOLD

⏸️ MCBIM-FUNDS: HOLD Signal (6/10) – PAKISTAN CASH MANAGEMENT FUND (PCF) Daily Dividend Distribution for 28-OCT-25

⚡ Flash Summary

MCB Investment Management Limited, the management company of Pakistan Cash Management Fund (PCF), has announced a daily dividend distribution of Re. 0.0124 per unit for the period ending October 28, 2025. This dividend will be paid to unit holders whose names appear in the unit holder register at the close of business on that date. The announcement was made on October 29, 2025, by Muhammad Rehan Khan, Company Secretary. This distribution reflects the fund’s ongoing effort to provide returns to its investors.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 Daily dividend distribution announced for Pakistan Cash Management Fund (PCF).
📅 Distribution date: October 28, 2025.
💵 Dividend amount: Re. 0.0124 per unit.
🏦 Management company: MCB Investment Management Limited.
✅ Approved by the Board of Directors.
📜 Announcement date: October 29, 2025.
👤 Company Secretary: Muhammad Rehan Khan.
🏢 Addressed to: Pakistan Stock Exchange Limited.
📍 Location: Karachi.
📑 This is a system-generated document.

🎯 Investment Thesis

HOLD. Given the limited information, particularly the lack of historical distribution data and fund performance metrics, a hold recommendation is appropriate. The daily dividend of Re. 0.0124 per unit is a positive sign, but more comprehensive analysis is needed to determine if the fund is an attractive investment compared to its peers. Further information would be required to derive a price target.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements HALEON Signal: HOLD

⏸️ HALEON: HOLD Signal (6/10) – Prior Publication of Notice of Second Interim Cash Dividend and Share Book Closure

⚡ Flash Summary

Haleon Pakistan Limited’s Board of Directors declared a second interim cash dividend of Rs. 5.00 per share (50%) for the quarter/nine months ended September 30, 2025. The announcement also details the closure of the Share Transfer Books from November 6, 2025, to November 7, 2025. Shareholders are reminded to submit their CNIC/NTN copies for electronic dividend processing and update their bank mandates to ensure timely dividend payments through electronic mode. The company also addressed the deduction of withholding tax on dividends and the procedure for shareholders with joint accounts.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 Second interim cash dividend declared at Rs. 5.00 per share (50%).
📅 Share Transfer Books will be closed from November 6, 2025, to November 7, 2025.
💳 CNIC/NTN submission is mandatory for electronic dividend processing.
🏦 Electronic mode is mandatory for cash dividend payments.
🧾 Shareholders need to provide bank mandate details (account title, number, IBAN, bank name, etc.).
Tax will be deducted as per law based on active/non-active status on ATL.
🧑‍🤝‍🧑 Joint shareholders must provide shareholding proportions to determine withholding tax.
CNIC/Passport number needs to be recorded by the Participant/Investor Account Services.
🏢 Corporate shareholders with CDC accounts need to update their NTN with respective participants.
Valid tax exemption certificate is required by November 5, 2025, for withholding tax exemption.
✉️ Shareholders must notify any change in postal or email address to the Share Registrar.
Non-deduction of Zakat form should be submitted if applicable.
📜 Members holding shares through CDC need to update their participants.
Shareholders are requested to claim their unclaimed dividends/share certificates.

🎯 Investment Thesis

Given the lack of detailed financial performance data, the recommendation is HOLD. The dividend announcement is a positive sign, but further analysis is needed to assess the company’s overall financial health and growth prospects. Price target and time horizon cannot be determined without a deeper dive into Haleon’s financials and industry outlook. A Neutral stance is appropriate until additional information becomes available.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements PTL Signal: HOLD

⏸️ PTL: HOLD Signal (6/10) – Certified Resolution Passed in Annual General Meeting Held on 28-10-2025

⚡ Flash Summary

Panther Tyres Limited held its 42nd Annual General Meeting on October 28, 2025, where several key resolutions were passed. The minutes of the previous AGM held on October 28, 2024, were unanimously approved. The audited financial statements for the year ended June 30, 2025, along with the directors’, auditors’, and chairman’s reports, were also unanimously adopted. A final cash dividend of PKR 2.00 per share (20%) was approved, amounting to a total payout of PKR 336 million.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Minutes of the last AGM held on October 28, 2024, were unanimously approved.
✅ Audited financial statements for the year ended June 30, 2025, were adopted.
✅ A cash dividend of PKR 2.00 per share was approved.
💰 Total dividend payout amounts to PKR 336 million.
📈 Dividend represents 20% of the face value.
🗓️ Appointment of M/s A.F. Ferguson & Co. as statutory auditors for the year ending June 30, 2026.
🤝 Auditors’ remuneration will be fixed by the board of directors.
👍 All resolutions were unanimously approved by the shareholders.
📢 AGM was held on October 28, 2025.
🏢 Company’s registered office is located in Lahore, Pakistan.
tyre The company’s business includes tyres and tubes.
👨‍💼 Mohsin Muzaffar Butt is the Company Secretary.

🎯 Investment Thesis

HOLD. The dividend declaration is a positive sign, but a comprehensive financial analysis is needed to determine a fair price target. A hold recommendation is appropriate until the full financial statements are reviewed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: HOLD SPL

⏸️ SPL: HOLD Signal (6/10) – Applied for Extension for holding the AGM 2025

⚡ Flash Summary

Sitara Peroxide Limited (SPL) has applied for an extension to hold its Annual General Meeting (AGM) for the year ended June 30, 2025. The company cites a severe financial crisis leading to temporary suspension of operations and staff layoffs, causing delays in finalizing financial accounts and completing the audit. SPL requests a 30-day extension, pushing the AGM deadline to November 28, 2025, and has paid the required fee of PKR 15,000 for the extension application. The external auditor expects to complete the audit as soon as they receive the requested information, as of October 18, 2025.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 SPL applied for an extension on October 28, 2025, to hold its AGM.
⏳ The extension is for 30 days, moving the deadline to November 28, 2025.
🏢 The application is made under Section 132 of the Companies Act, 2017.
🧾 The extension also covers the submission of annual accounts for the year ended June 30, 2025.
💸 SPL paid a fee of PKR 15,000 for the extension application (Challan No.M-2025-1930442).
📉 The company cites a ‘severe financial crisis’ as the reason for the delay.
🛑 SPL temporarily suspended operations and implemented staff layoffs as a cost-cutting measure.
audit.
📄 A letter from the external auditors is attached, indicating delays in audit completion.
🗓️ The last AGM was held on September 01, 2025, for the financial year ended June 30, 2024.
🧾 The company is required to place its annual accounts before shareholders by October 28, 2025, as per Section 132.
🕒 The external auditor expects to complete the audit as soon as they receive necessary information (dated October 18, 2025).

🎯 Investment Thesis

Given the current financial difficulties, a HOLD rating is appropriate. Until the company stabilizes its financial position and completes the audit, investors should avoid further investment. A BUY recommendation could be considered if the company successfully restructures, improves profitability, and resumes normal operations. A SELL recommendation would be appropriate if the financial situation deteriorates further, leading to potential bankruptcy or significant losses. The price target would be based on future financial performance after restructuring.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements KML Signal: HOLD

⏸️ KML: HOLD Signal (6/10) – Resolution adopted in Annual General Meeting 2025

⚡ Flash Summary

The 38th Annual General Meeting (AGM) of Kohinoor Mills Limited was held on October 28, 2025. Shareholders approved the annual audited accounts for the year ending June 30, 2025, along with the accounting policies and related transactions. Riaz Ahmad & Company, Chartered Accountants, were reappointed as external auditors for the year ending June 30, 2026. These resolutions signal continued financial oversight and operational stability for the company.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ The 38th AGM took place on October 28, 2025.
🏢 The meeting was held at the company’s registered office in District Kasur.
✅ Shareholders approved the annual audited accounts for the fiscal year ending June 30, 2025.
📑 Chairman’s review, director’s report, and auditor’s reports were all received, considered, and approved.
💼 Accounting policies adopted in the annual audited accounts were ratified.
🤝 Transactions/adjustments, including those with associated companies, were approved.
👨‍💼 Riaz Ahmad & Company was reappointed as external auditors.
Audit tenure will last for the year ending June 30, 2026.
💰 Remuneration for the auditors will be as per the Board of Directors’ recommendations.
🏦 These resolutions reflect standard business practice.

🎯 Investment Thesis

Given the limited information, a HOLD recommendation is appropriate. The approval of accounts and auditor reappointment provide stability, but a lack of financial data prevents a strong buy or sell recommendation. Further financial details are needed to establish a price target and time horizon.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements ASHT Signal: HOLD

⏸️ ASHT: HOLD Signal (6/10) – Transmission of Quarterly Report for the period Ended September 30, 2025

⚡ Flash Summary

Ashfaq Textile Mills reported a significant increase in sales for the quarter ended September 30, 2025. Sales reached Rs. 168.135 million, marking a 59.39% increase compared to the same period last year (Rs. 105.490 million). The company acknowledges potential challenges due to the aftermath of floods in Pakistan, which could impact demand and prices. Despite these concerns, the overall numbers for the first quarter are positive.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Sales increased by 59.39% year-over-year, reaching Rs. 168.135 million.
📉 Operating expenses decreased to 5.70% of sales compared to 7.78% in the same period last year.
✅ Gross profit margin improved to 9.39% compared to -10.42% in the prior year.
💰 Finance cost remained stable at 0.00% of sales.
🏭 Cost of goods sold decreased to 90.61% of sales compared to 110.42% last year.
⚠️ Company expresses skepticism about the aftermath of floods in Pakistan, anticipating potential demand decline.
🤝 Management is grateful to customers, vendors, and bankers for their trust.
🌱 Basic earnings per share is Rs. 0.01 compared to a loss of Rs. -0.04 in the same quarter last year.
🏦 Cash and cash equivalents decreased from Rs. 21.719 million to Rs. 9.107 million during the quarter.
🧾 Unappropriated profit increased from Rs. 125.934 million to Rs. 136.405 million.
✔️ Net cash generated from operating activities is negative at (Rs. 7.515 million) compared to (Rs. 2.782 million) in the same quarter last year.
✔️ Profit/ (Loss) for the period is Rs. 5.058 million compared to (Rs. 19.604 million) in the same quarter last year.
✔️Total comprehensive income for the period is Rs 10.470 million compared to (Rs. 15.297 million) in the same quarter last year.

🎯 Investment Thesis

HOLD. Ashfaq Textile Mills has shown a significant turnaround in performance this quarter, with substantial sales growth and improved profitability. However, the expressed concern over potential demand decline due to the floods creates uncertainty. A HOLD recommendation is appropriate until the impact of the floods becomes clearer and more sustained positive performance is demonstrated.

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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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