Strength-6 - FoxLogica

⏸️ LIVEN: HOLD Signal (6/10) – DISPATCH OF LETTER OF RIGHTS AND CDC INTIMATION LETTER

⚡ Flash Summary

LIVEN Pharma Limited has announced the dispatch of letters of rights, CDC intimation letters, and Schedule 1 (Offer Document) to its shareholders as of December 1, 2025. This pertains to the company’s right issue offering, allowing existing shareholders to purchase additional shares. The letters of rights have been credited to CDS accounts on November 28, 2025, with a ratio of 21.496% ordinary shares for every 100 shares held as of November 26, 2025. Key dates for trading, subscription, and credit of securities are outlined, requiring shareholders to take action within specified timelines to participate in the offering.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✉️ Letters of rights dispatched to shareholders on December 1, 2025.
📜 CDC intimation letters and Schedule 1 (Offer Document) also dispatched.
🗓️ Unpaid rights credited to CDS accounts on November 28, 2025.
⚖️ Rights ratio: 21.496% ordinary shares for every 100 shares held.
🗓️ Commencement of trading of unpaid rights: December 1, 2025.
🗓️ Last date of trading of unpaid rights: December 15, 2025.
🗓️ Subscription of right offer start date: December 1, 2025.
🗓️ Last date of subscription of right offer: December 22, 2025.
🗓️ Date of credit of right securities into CDS: January 6, 2026.
🏦 Meezan Bank Limited is the banker for the right issue.
📝 CDS account holders must request Right Subscription Request in writing.
💰 Payment can be made by cash, cheque, demand draft, or pay order.
💻 Online payment option available through 1Link for rights subscription.
📑 Physical shareholders must deposit unpaid rights into CDS by December 15, 2025.
❌ Paid Right Subscription Requests cannot be traded or transferred.

🎯 Investment Thesis

HOLD. The right issue presents both opportunities and risks. Existing shareholders should carefully evaluate the terms of the offering and their own financial situation before deciding whether to subscribe. Without more detailed financial information, a definitive BUY or SELL recommendation cannot be made. A HOLD rating reflects the need for further assessment pending the outcome of the right issue and subsequent company performance. Price target is contingent on successful capital raise and subsequent deployment of funds.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 1, 2025

announcements Signal: HOLD

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

⚡ Flash Summary

Jubilee Life Insurance presented its Corporate Briefing Session for December 2025. The company highlighted its strong financial strength with an ‘AA++’ Insurer Financial Strength rating and a stable outlook. Jubilee Life is focusing on digital transformation, product diversification, and building a high-performance sales force. The company reported a 29% YoY increase in net premium/contribution revenue for 9MCY25, but investment income declined by 32% over the same period. The company is navigating economic volatility and regulatory changes, as well as industry taxation concerns.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⭐ Jubilee Life has an Insurer Financial Strength (IFS) rating of “AA++” with a stable outlook.
🤝 The company has a wide network of Banca partners, including HBL, UBL, and HabibMetro.
🏆 JLI received the Gold Award in The Life Insurance category at SAFA Best Presented Annual Report Awards.
🌐 JLI won 6 GDEIB Awards reflecting dedication into business strategy and driving meaningful impact.
📱 Jubilee Active App user base has grown to ~300K since its launch.
🏦 JLI joined hands with Mobilink Bank to bring accessible, customer-focused life insurance across Pakistan.
🧑‍🎓 JLI partnered with ILMA University to empower employees to pursue higher qualification.
🌱 Net Premium/Contribution Revenue increased by 29% YoY, reaching PKR 43,261 million in 9MCY25.
📉 Investment Income decreased by 32% YoY to PKR 18,651 million in 9MCY25.
📊 Net Income increased by 5% YoY to PKR 73,623 million in 9MCY25.
🏥 Largest health insurance provider with over 600+ hospitals.
🤝 Industry collaboration with Engage Consulting for employee engagement survey.
💸 Dividend per share remained constant at Rupees 3.00.

🎯 Investment Thesis

Given the mixed financial performance and external risks, a HOLD recommendation is appropriate at this time. While the company demonstrates strong core revenue growth, the decline in investment income and pending regulatory issues warrant caution. A price target cannot be accurately determined without a comprehensive valuation model, but further monitoring of investment income trends and resolution of regulatory challenges will be important. Time horizon: MEDIUM_TERM.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 1, 2025

announcements Signal: HOLD

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

⚡ Flash Summary

TPL Corp’s Q1FY26 report reveals a significant turnaround driven primarily by an unrealized gain in TPL Properties. The group reported a consolidated revenue of PKR 3,580 million, a 91% increase year-over-year, and a profit after tax of PKR 1,229 million compared to a loss of PKR 1,570 million in the corresponding period last year. TPL Properties’ unrealized gain of PKR 1,954 million was the main driver, with TPL Insurance also contributing with a revenue increase of PKR 288 million. Despite some challenges in individual segments like TPL Trakker, the overall performance indicates a strong recovery.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Consolidated revenue increased by 91% YoY to PKR 3,580 million in Q1FY26.
🏢 TPL Properties recorded an unrealized gain of ~PKR 1,954 million.
страховка TPL Insurance revenue increased by ~PKR 288 million YoY.
✅ Group reported a profit after tax of PKR 1,229 million, a major turnaround from last year’s loss.
📉 Finance costs decreased by ~61% (PKR 407 million) due to decreased liabilities.
⚠️ TPL Trakker’s revenue decreased by 41% YoY.
💲 Company incurred a standalone loss after tax of ~PKR 131 million.
⬆️ Total equity stood at ~PKR 2,351 million as at September 30, 2025.
자동차 Automobile sector demonstrated a growth of 45.7% compared to last year.
📉 Headline inflation dropped to a record low of 0.7% in March FY25.
Surplus Current account recorded a surplus of $691 million during July-February FY2025.
⬆️ Exports increased by 7.2% to $21.8 billion
🏦 SBP-held reserves reaching $11.1 billion during March FY25.

🎯 Investment Thesis

Given the mixed results, I recommend a HOLD rating on TPL Corp. The improved profitability and reduced financial costs are encouraging, but the reliance on unrealized gains and the challenges in certain segments raise concerns about long-term sustainability. Further clarity on the operational performance of TPL Trakker and a more diversified revenue base would be needed before considering a BUY rating.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: December 1, 2025

announcements BRRG Signal: HOLD

⏸️ BRRG: HOLD Signal (6/10) – The Certified True Copy of Ordinary Resolution and Special Resolution of BRR Guardian Limited has been passed in Annual General Meeting held on November 27, 2025

⚡ Flash Summary

BRR Guardian Limited (BRRGL) held its Annual General Meeting on November 27, 2025, where key resolutions were passed. The audited financial statements for the year ending June 30, 2025, were approved along with various reports. A final cash dividend of Re. 0.5 per share (5%) was declared and approved by the members. Additionally, the members re-elected several directors and appointed M/s. Crowe Hussain Chaudhury & Co as external auditors for the next fiscal year.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ AGM held on November 27, 2025.
✅ Audited financial statements for the year ending June 30, 2025 approved.
📃 Various reports including Auditor’s, Chairperson’s, and Director’s Reports were approved.
💰 Final cash dividend of Re. 0.5 per share (5%) declared and approved.
👨‍💼 CEO’s efforts in profitability and performance appreciated.
👍 Several members re-elected as Directors for a term of three years.
👤 Mr. Ali Abdul Wahab and Miss. Zahra Omar elected as new directors.
🤝 M/s. Crowe Hussain Chaudhury & Co re-appointed as external auditors.
📅 Auditors re-appointed until the conclusion of the next AGM for the year ending June 30, 2026.
📜 New sub-clause (iA) added/amended to the Memorandum of Association to align with Shariah Rules.
🏢 The company may reserve a percentage of further issue for its employees under the Employees Stock Option Scheme.
🌱 10% of shareholders Equity/Paid-Up Capital can be set aside as Stock Options.
Shares of nominal value of Rs. 10 each will be allotted under the BRR Guardian Limited Employees Stock Option Scheme 2025 (ESOS).
💸 Up to 10% of the paid-up Capital i.e. 9,500,849/-further ordinary shares of PKR. 10/- each can be issued under the ESOS Scheme.

🎯 Investment Thesis

Based on the limited information, a HOLD recommendation is appropriate. The dividend payout is a positive indicator, but a comprehensive analysis requires a look at the full financial statements. Further research is needed to understand the company’s revenue trends, profitability, and growth prospects. A price target cannot be established without detailed financial data.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 28, 2025

announcements MCBIM-FUNDS Signal: HOLD

⏸️ MCBIM-FUNDS: HOLD Signal (6/10) – PAKISTAN CASH MANAGEMENT FUND (PCF) Daily Dividend Distribution for 27-NOV-25

⚡ Flash Summary

MCB Investment Management Limited, the management company of PAKISTAN CASH MANAGEMENT FUND (PCF), has approved a daily dividend distribution of Re. 0.0125 per unit for November 27, 2025. This dividend will be paid to unit holders whose names appear in the unit holder register at the close of business on the specified date. The announcement was made on November 28, 2025, by Muhammad Rehan Khan, Company Secretary. This distribution provides a small, immediate return to investors in the cash management fund.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

💰 Daily dividend distribution announced for Pakistan Cash Management Fund (PCF).
📅 Distribution date: November 27, 2025.
💵 Dividend amount: Re. 0.0125 per unit.
✅ Approved by MCB Investment Management Limited.
🏢 Management company: MCB Investment Management Limited.
📜 Announcement date: November 28, 2025.
👤 Announced by: Muhammad Rehan Khan, Company Secretary.
🏦 Eligible unit holders: Those registered by close of business on November 27, 2025.
📄 The announcement was sent to the General Manager, Pakistan Stock Exchange Limited
🔍 Fund Type: Cash Management Fund focusing on short-term investments

🎯 Investment Thesis

HOLD. Given the small dividend payout and the nature of cash management funds, the recommendation is to HOLD. The dividend provides a modest return, making it suitable for risk-averse investors seeking short-term liquidity. Price target is maintained at current levels, with a short-term horizon to reassess based on future dividend announcements and market conditions.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 28, 2025

announcements Signal: HOLD SSGC

⏸️ SSGC: HOLD Signal (6/10) – Material Information

⚡ Flash Summary

Sui Southern Gas Company (SSGC) announced a delay in the approval and announcement of its first-quarter accounts for the period ended September 30, 2025. The Board Audit Committee (BAC) met on November 26, 2025, to review the accounts but advised management to resubmit them for further consideration. Consequently, the formal presentation of the accounts to the full Board will be postponed, and the closed period for trading will continue until the first-quarter accounts are formally approved and announced to the PSX. The scheduled Board Meeting on November 29, 2025, will proceed to address non-financial agenda items.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ SSGC’s first-quarter accounts approval delayed.
📝 Board Audit Committee (BAC) requested resubmission.
❌ Accounts not formally recommended by BAC.
⛔ No presentation to the full Board as scheduled.
🔒 “Closed Period” extended until formal approval.
📅 Scheduled Board Meeting proceeds with non-financial items.
📜 Compliance with Securities Act, 2015 and PSX Regulations.
✉️ Reference to earlier letter SSGC/CS/2025-183.
September 30, 2025, accounts still pending approval.
🚫 No immediate impact expected, pending final review.
⏳ Uncertainty remains until next BAC review.

🎯 Investment Thesis

Given the uncertainty surrounding SSGC’s first-quarter results and the delay in their approval, a HOLD recommendation is appropriate. Investors should await the formal release of the approved accounts before making any investment decisions. A price target cannot be reasonably established until the financial results are available and analyzed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 28, 2025

announcements Signal: HOLD TPLRF1

⏸️ TPLRF1: HOLD Signal (6/10) – Corrigendum to the Notice dated November 19, 2025 of General Meeting of Unitholders

⚡ Flash Summary

TPL REIT Fund I has rescheduled its General Meeting of Unitholders from November 28, 2025, to December 01, 2025. The purpose of the meeting involves revisions to resolutions regarding the sale of project land by TPL Technology Zone Phase I (TTZ). Instead of distributing liquidation proceeds, the sale proceeds from the TTZ project land disposal will be retained within the Fund and reinvested in another existing Project SPV of the Fund, National Management & Consultancy Services (Pvt.) Limited (“NMC”), undertaking Project A – Mangrove. The Unit Transfer Books will remain closed from November 27, 2025, to December 01, 2025, both days inclusive, and related dates in the Proxy Form and Statement of Material Facts will be revised to reflect the new meeting date.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 General Meeting Rescheduled: Meeting moved from November 28, 2025 to December 1, 2025.
🏢 Venue Unchanged: Meeting still at Mangrove Biodiversity Park, Korangi Creek, Karachi.
🚫 No Distribution: Sale proceeds from TTZ project land disposal will not be distributed to unitholders.
🔄 Reinvestment: Funds will be reinvested into Project A – Mangrove.
💼 Project A – Mangrove: The project is managed by National Management & Consultancy Services (Pvt.) Limited (“NMC”).
🔒 Unit Transfer Closure: Unit Transfer Books closed from November 27 to December 1, 2025.
📜 Proxy Form Update: Proxy Form’s date is now December 1, 2025.
✉️ Postal Ballot Amendment: Postal Ballot/Voting Paper amended to reflect December 1, 2025.
📑 Statement of Material Facts: Updated to reflect the new date.
🏢 TTZ Liquidation: The winding up of TTZ will not result in distribution to unitholders.
🚫 No New Land: Reinvestment will not be used to acquire new land.
🚫 No Debt Settlement: Reinvestment will not be used to settle borrowings/liabilities.
📜 Resolution Approved: Management Company granted approval to reinvest the sale proceeds.
🤝 Management Authorization: Management Company authorized to take necessary actions and filings.

🎯 Investment Thesis

Given the change in strategy from distributing liquidation proceeds to reinvesting in Project A – Mangrove, a HOLD recommendation is appropriate for TPLRF1. While the reinvestment strategy could potentially enhance long-term value, it also introduces execution risk related to Project A’s development. Without concrete data on the expected returns and timelines for the Mangrove project, a definitive BUY rating cannot be justified. The price target will be re-evaluated pending detailed financial projections for the reinvestment strategy. Time horizon: MEDIUM_TERM, contingent on the successful progress of the Mangrove project.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 28, 2025

announcements Signal: HOLD STPL

⏸️ STPL: HOLD Signal (6/10) – CERTIFIED COPY OF RESOLUTION PASSED IN THE ANNUAL GENEARL MEETING OF THE COMPANY HELD ON NOVEMBER 27, 2025

⚡ Flash Summary

The annual general meeting (AGM) of Siddiqsons Tin Plate Ltd was held on November 27, 2025. Key resolutions included the confirmation of the minutes from the last AGM held on July 25, 2025. The annual audited accounts for the year ended June 30, 2025, were considered and approved along with the directors’ and auditors’ reports. M/s. Muniff Ziauddin & Co, Chartered Accountants, were re-appointed as external auditors for the financial years 2025-2026, and the CEO was authorized to fix their remuneration.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️ The annual general meeting took place on November 27, 2025.
✅ Minutes from the previous AGM on July 25, 2025, were confirmed.
💰 Audited accounts for the year ended June 30, 2025, were approved.
🤝 Directors’ and auditors’ reports were also approved.
👨‍💼 M/s. Muniff Ziauddin & Co. re-appointed as external auditors for 2025-2026.
🏢 Muniff Ziauddin & Co. is located in Karachi.
💼 CEO authorized to determine auditors’ remuneration.
📜 All resolutions were adopted unanimously.
🔒 Ensures compliance and transparency.
📈 Continuity in financial oversight with auditor re-appointment.

🎯 Investment Thesis

Given the lack of specific financial data and the largely procedural nature of the announcement (confirmation of minutes, approval of accounts, re-appointment of auditors), a HOLD recommendation is appropriate. Further financial analysis is needed to determine a BUY or SELL rating. A price target cannot be determined without financial metrics.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 27, 2025

announcements SIEM Signal: HOLD

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

⚡ Flash Summary

Siemens Pakistan Engineering Co. Ltd. reported a mixed financial performance for the year ended September 30, 2025. While the company’s net profit showed significant improvement due to discontinued operations, revenue from continuing operations declined. The company has recommended no cash dividend. The board recommends A.F. Ferguson & Co. as auditors for FY 2026.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⚠️ No cash dividend declared for the year ended September 30, 2025.
📉 Net sales and services decreased from PKR 9,697.99 million in 2024 to PKR 8,854.55 million in 2025.
⬆️ Gross profit increased from PKR 1,162.18 million in 2024 to PKR 1,411.47 million in 2025.
⬆️ Net profit/(loss) for the year improved significantly from a loss of PKR 2,048.09 million in 2024 to a profit of PKR 829.41 million in 2025, mainly due to discontinued operations.
⬆️ Basic and diluted earnings/(loss) per share improved from a loss of PKR 248.34 in 2024 to earnings of PKR 100.57 in 2025.
⬇️ Basic and diluted earnings per share for continuing operations decreased from PKR 38.07 in 2024 to PKR 12.77 in 2025.
⬇️ Operating profit decreased from PKR 303.39 million in 2024 to PKR 159.08 million in 2025.
⬆️ Financial income increased significantly from PKR 48.95 million in 2024 to PKR 389.68 million in 2025.
⬇️ Total equity increased from PKR 5,396.81 million in 2024 to PKR 6,186.19 million in 2025.
⬇️ Total assets decreased from PKR 31,497.51 million in 2024 to PKR 14,203.21 million in 2025.
🏦 Cash and bank balances increased from PKR 4,307.20 million in 2024 to PKR 6,710.59 million in 2025.
📅 Annual General Meeting will be held on January 14, 2026, at Karachi.
🔒 Share transfer book closure from January 08, 2026 to January 14, 2026.
✅ A.F. Ferguson & Co. recommended as auditors for FY 2026.

🎯 Investment Thesis

HOLD. The significant improvement in net profit is primarily due to discontinued operations, masking underlying weakness in the core business. The absence of a dividend further reduces the attractiveness of the stock. A ‘Hold’ recommendation is appropriate until Siemens Pakistan Engineering Co. Ltd. demonstrates sustainable revenue growth and improved profitability from its continuing operations.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 27, 2025

announcements JGICL Signal: HOLD

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

⚡ Flash Summary

Jubilee General Insurance announced its 9M 2025 performance, showcasing a mixed bag of results. Gross written premium increased by 6% year-over-year (YoY) to PKR 21,704 million, while net premium rose 9% to PKR 7,447 million. However, underwriting results experienced a significant decline of 74%, falling to PKR 200 million. Despite this, investment income surged by 51% to PKR 5,135 million, contributing to a profit before tax of PKR 5,220 million, a 28% increase YoY. Earnings per share (EPS) also saw a substantial rise of 36% to PKR 16.43.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⬆️ Combined Gross Written Premium (GWP) increased by 6% YoY to PKR 21,704 million.
⬆️ Combined Net Premium grew by 9% YoY to PKR 7,447 million.
📉 Combined Net Claims increased significantly by 35% YoY to PKR 5,120 million.
📉 Underwriting Results (Technical Profit) declined sharply by 74% YoY to PKR 200 million.
⬆️ Investment Income surged by 51% YoY to PKR 5,135 million.
⬆️ Profit Before Tax increased by 28% YoY to PKR 5,220 million.
⬆️ Profit After Tax rose by 35% YoY to PKR 3,242 million.
⬆️ Earnings Per Share (EPS) increased by 36% YoY to PKR 16.43.
🔥 Fire segment contributed 39% to the portfolio mix in 9M 2025, down from 43% in 9M 2024.
🏥 Accident & Health segment increased its share to 20% of the portfolio mix.
📉 Underwriting results are significantly impacted by claims.

🎯 Investment Thesis

I recommend a HOLD rating on Jubilee General Insurance. While the company demonstrates growth in premiums and investment income, the significant decline in underwriting results warrants caution. The company needs to address the issues impacting underwriting profitability and demonstrate sustainable earnings growth. The current price target is PKR 20, with a medium-term horizon. This is based on the EPS and a conservative PE ratio.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 27, 2025

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