Strength-6 - FoxLogica

⏸️ WAVES: HOLD Signal (6/10) – WAVES | Waves Corporation Limited (Formerly: Waves Singer Pakistan Limited) Presentation CBS

⚡ Flash Summary

Waves Corporation Limited’s presentation from November 4, 2025, highlights the company’s corporate structure, investments in subsidiaries, strategically located land, and financial performance. The company operates through its subsidiaries, including Waves Home Appliances Limited (50% ownership) and Waves Marketplace Limited (100% ownership), showcasing diversified operations. Financial performance for 9M 2025 shows Gross Sales of PKR 4,894 million and a Profit for the period of PKR 648 million. The presentation also emphasizes the company’s strategically located prime land in Lahore, connected to major city areas.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

1. 🏢 Waves Corporation operates with the brand name ‘WAVES – نام ہی کافی ہے’.
2. 🗓️ The Corporate Briefing Session was held on November 4, 2025.
3. 📊 Gross Sales for 9M 2025 reached PKR 4,894 million.
4. 💰 Sales – net for 9M 2025 were PKR 3,544 million.
5. 📈 Gross Profit for 9M 2025 amounted to PKR 1,055 million.
6. 💸 Profit from operations for 9M 2025 was PKR 1,152 million.
7. 🧾 Profit before levies and income tax for 9M 2025 was PKR 720 million.
8. ⭐ Profit for the period for 9M 2025 stood at PKR 648 million.
9. ✏️ Earnings per share for 9M 2025 were PKR 2.30.
10. 🏘️ Waves owns prime land in Lahore, strategically connected to major areas.
11. 🛒 Waves Marketplace Limited manages 100+ ‘Waves Plus’ retail outlets.
12. 🤝 Waves Home Appliances Limited has a legacy of 50 years.
13. 💯 Waves owns 100% of retail business (Waves Market Place Limited).
14. 🏘️ Waves owns 100% of Real Estate Development (Waves Builders & Developers Private Limited).

🎯 Investment Thesis

Given the mixed financial performance with some positive trends in profitability but an overall decrease in revenues compared to the previous fiscal year, a HOLD recommendation is appropriate. While the company shows potential, more comprehensive financial analysis and market data are needed before considering a BUY rating. A price target cannot be accurately determined without further information.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements Signal: SELL

📉 NETSOL: SELL Signal (6/10) – Disclosure of Interest by a Director CEO, or Executive of a listed company and their Spouses and the Substantial Shareholders u/c 5.6.1.(d) of PSX Regulations

⚡ Flash Summary

Salim Ullah Ghauri, an Executive Director at NETSOL Technologies Ltd., sold 149,700 shares on November 3, 2025. The transaction was executed in the ready market via CDC at an average rate of 133.11. Following this sale, Ghauri’s cumulative shareholding stands at 816,295 shares, representing 0.91% of the company. This disclosure is in accordance with PSX Regulation 5.6.4 regarding the interest of relevant persons holding company shares.

Signal: SELL 📉

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

👨‍💼 Salim Ullah Ghauri, an Executive Director at NETSOL, executed the transaction.
🗓️ The transaction occurred on November 3, 2025.
📉 Ghauri sold 149,700 shares of NETSOL.
💸 The sale was executed at an average rate of 133.11 per share.
🏦 The transaction took place in the ready market via CDC.
📉 Post-transaction, Ghauri holds 816,295 shares.
📊 This represents 0.91% of the total shareholding.
📜 The disclosure is in compliance with PSX Regulation 5.6.4.
🏢 NETSOL Technologies Ltd. is the company in focus.
📍 The company’s headquarters are located in Lahore, Pakistan.
✉️ The announcement was addressed to the General Manager of the Pakistan Stock Exchange in Karachi.

🎯 Investment Thesis

HOLD. While the insider selling activity might raise concerns, it’s only one data point. Further investigation into NETSOL’s financials, strategic direction, and industry dynamics is required to form a comprehensive investment thesis. Price target: to be determined based on full financial analysis. Time horizon: Medium Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements GATI Signal: HOLD

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

⚡ Flash Summary

Gatron (Industries) Limited reported a net sales of Rs. 7,242 million for the quarter ended September 30, 2025, a 23% increase compared to the previous corresponding period, driven by increased sales of Polymer Chips/Resin. However, the company incurred a loss after income tax of Rs. 395 million, although this is an improvement from the loss of Rs. 765 million in the same period last year. The company continues to face challenges related to the dumping of imported yarn, but is focused on effective enforcement and collection of anti-dumping duties. Cost-saving initiatives and increasing operating capacity are aimed at improving the bottom line, although increased energy costs are impacting polymer costing.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Net sales increased by 23% to Rs. 7,242 million compared to Rs. 5,905 million in the previous corresponding period.
📉 Loss before levies and income tax amounted to Rs. 304 million, a significant improvement from a loss of Rs. 765 million in the same period last year.
🚫 Loss after income tax was Rs. 395 million.
🏭 Operating profit was Rs. 44 million for the reporting quarter.
⛔ Challenges persist due to the dumping of imported yarn at exceptionally low prices.
✅ National Tariff Commission (NTC) imposed final Anti-Dumping Duties (ADD) on Polyester Filament Yarn (PFY) from major Chinese exporters.
🛡️ Focus is now on effective enforcement and collection of duties or bank guarantees in case of stay orders.
🚧 Over Rs 10 billion in anti-dumping duties still remain evaded/not paid in the case of PFY for the period 2017 to 2023.
📉 Persistent dumping and evasion of dumping duty have compelled the Company to operate at substantially diminished capacity utilization.
⚙️ Aim is to increase operating rates without increasing inventory and carrying costs.
⚡ Increased energy costs are affecting the polymer costing heavily.
📉 Distribution and selling expenses decreased by 32%.
📉 Administrative expenses decreased by 28%.
📉 Finance costs also decreased by Rs. 157 million.
📉 Loss per share is Rs. 3.63.

🎯 Investment Thesis

Given Gatron’s ongoing losses, the challenges posed by dumping, and increased energy costs, a HOLD recommendation is appropriate. While the company is making strides in increasing sales and reducing expenses, it needs to demonstrate sustained profitability and overcome the challenges posed by imported competition. The implied valuation impact appears negative, and a neutral position reflects these concerns.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements PIOC Signal: HOLD

⏸️ PIOC: HOLD Signal (6/10) – Credit of Final Cash Dividend

⚡ Flash Summary

Pioneer Cement Limited has announced a final cash dividend of Rs. 5 per share, equivalent to 50%, for the year ended June 30, 2025. The dividend has been electronically credited to the designated bank accounts of the company’s members on November 04, 2025. This announcement indicates a positive return for shareholders and reflects the company’s financial performance during the period. The dividend payout could influence investor sentiment and potentially impact the stock’s valuation in the short term.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 Pioneer Cement announces a final cash dividend.
📅 The dividend is for the year ended June 30, 2025.
💲 The dividend amount is Rs. 5 per share.
📊 This is equivalent to 50% of the share value (based on par value assumptions).
🏦 Dividends credited electronically on November 04, 2025.
📢 The dividend has been credited to designated bank accounts.
🤝 Members of the company are the recipients.
🚦 Notification to TRE Certificate Holders of the Exchange.
✅ Announcement is made by the Company Secretary, Talha Saif.
cement announces credit of cash dividend
cement announces credit of cash dividend

🎯 Investment Thesis

HOLD. The announcement of a final cash dividend is a positive sign, but more comprehensive financial information is needed to form a strong investment thesis. Pioneer Cement’s dividend yield should be compared against its peers. Currently we do not have enough financial information. A neutral HOLD recommendation is appropriate, with a price target pending further financial review and industry outlook. Time horizon: Medium Term

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements GCIL Signal: HOLD

⏸️ GCIL: HOLD Signal (6/10) – DECISIONS OF THE BOARD OF DIRECTORS MEETING – GHANI CHEMICAL INDUSTRIES LIMITED

⚡ Flash Summary

Ghani Chemical Industries Limited (GCIL) held its first board of directors meeting after the election of directors on November 4, 2025. The board re-appointed Mr. Masroor Ahmad Khan as Chairman and Mr. Hafiz Farooq Ahmad as CEO. Notably, the remuneration of the CEO and Executive Director (Mr. Atique Ahmad Khan) was increased from Rs. 1,450,625 to Rs. 2,000,000 per month, marking the first increase since the company’s listing on the PSX in November 2022. The board also constituted committees for Nomination, Audit & Risk Management, and HR&R and Compensation.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Mr. Masroor Ahmad Khan re-appointed as Chairman
✅ Mr. Hafiz Farooq Ahmad re-appointed as CEO
💰 CEO and Executive Director’s monthly remuneration increased to Rs. 2,000,000 from Rs. 1,450,625
🚀 First remuneration increase since PSX listing in November 2022
🏢 Board committees constituted: Nomination, Audit & Risk Management, HR&R and Compensation
👨‍💼 Mr. Muhammad Zubair Siddiqui appointed as President
🌍 Mr. Siddiqui brings 25+ years of international leadership experience
⭐ Mr. Siddiqui previously worked at Linde plc
📈 Directors anticipate further growth under Mr. Siddiqui’s leadership
📜 TRE Certificate Holders to be informed of the decisions
📅 Meeting held on November 4, 2025, at 11:00 AM
🏢 First board meeting post-election of directors
🇵🇰 Company listed on the Pakistan Stock Exchange (PSX)
🏢 GCIL aims for continued growth and leadership in the chemical industry

🎯 Investment Thesis

Given the limited financial data in the announcement, a HOLD recommendation is appropriate. The leadership changes and increased remuneration are positive signals, but a clearer understanding of the company’s financial performance and strategic direction is needed before making a BUY or SELL decision. Further analysis of GCIL’s financial statements and sector dynamics is required.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements GCIL Signal: HOLD

⏸️ GCIL: HOLD Signal (6/10) – GCIL | Ghani Chemical Industries Limited DECISIONS OF THE BOARD OF DIRECTORS MEETING – GHANI CHEMICAL INDUSTRIES LIMITED

⚡ Flash Summary

Ghani Chemical Industries Limited (GCIL) announced the decisions made during their board of directors meeting on November 4, 2025. Key decisions included the re-appointment of Mr. Masroor Ahmad Khan as Chairman and Hafiz Farooq Ahmad as CEO. The board approved an increase in remuneration for the CEO and Executive Director, Mr. Atique Ahmad Khan, from Rs. 1,450,625/month to Rs. 2,000,000/month. Additionally, Mr. Zubair Siddiqui was appointed as President of the Company.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Mr. Masroor Ahmad Khan re-appointed as Chairman.
✅ Hafiz Farooq Ahmad re-appointed as CEO.
💰 CEO/Executive Director remuneration increased from Rs. 1,450,625 to Rs. 2,000,000/month.
🗓️ First remuneration increase since PSX listing in November 2022.
🏢 Board committees constituted: Nomination, Audit & Risk Management, HR&R and Compensation.
💼 Mr. Zubair Siddiqui appointed as President.
🌍 Mr. Siddiqui brings 25+ years of international experience.
🤝 GCIL’s directors expect further growth under Mr. Siddiqui’s leadership.
📑 TRE Certificate Holders to be informed accordingly.
🗓️ Board meeting held on November 4, 2025, at 11:00 AM.
🏢 Meeting was the first after the election of directors.
🧪 GCIL operates in the medical/industrial gases & chemicals sector.
🇵🇰 GCIL is listed on the Pakistan Stock Exchange (PSX).

🎯 Investment Thesis

Given the limited financial information in the announcement, a HOLD recommendation is appropriate. The management changes and compensation increases could be positive signals, but further financial data is needed to justify a BUY rating. A SELL rating is not warranted at this time. Need to evaluate the company performance post these changes to give a clearer investment thesis.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements GCIL Signal: HOLD

⏸️ GCIL: HOLD Signal (6/10) – DECISIONS OF THE BOARD OF DIRECTORS MEETING – GHANI CHEMICAL INDUSTRIES LIMITED REVOKED

⚡ Flash Summary

Ghani Chemical Industries Limited (GCIL) held its first board of directors meeting on November 4, 2025. The board re-appointed Mr. Masroor Ahmad Khan as Chairman and Mr. Hafiz Farooq Ahmad as CEO. Notably, the remuneration for the CEO and Executive Director, Mr. Atique Ahmad Khan, was increased from Rs. 1,450,625 to Rs. 2,000,000 per month. The board also constituted committees for Nomination, Audit & Risk Management, and HR&R Compensation.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 Meeting Date: Board meeting held on November 4, 2025, at 11:00 AM.
👔 Chairman Re-appointment: Mr. Masroor Ahmad Khan re-appointed as Chairman.
💼 CEO Re-appointment: Mr. Hafiz Farooq Ahmad re-appointed as CEO.
💰 Remuneration Increase: CEO & Executive Director’s salary increased to Rs. 2,000,000/month from Rs. 1,450,625/month.
📈 First Increase Since Listing: This is the first remuneration increase since the company’s PSX listing in November 2022.
🗳️ Board Committees: Committees constituted for Nomination, Audit & Risk Management, and HR&R Compensation.
🧑‍💼 President Appointment: Mr. Muhammad Zubair Siddiqui appointed as President.
🌍 International Experience: Mr. Siddiqui brings over 25 years of international experience.
🏢 Previous Company: Mr. Siddiqui previously worked at Linde plc.
✨ Future Growth: The directors believe the company will grow under Mr. Siddiqui’s leadership.

🎯 Investment Thesis

HOLD. While the re-appointments provide stability and the new President brings valuable experience, the significant increase in executive compensation without corresponding financial performance data warrants a cautious approach. The company will need to demonstrate improved financial performance to justify the increased expense.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

AGTL announcements Signal: HOLD

⏸️ AGTL: HOLD Signal (6/10) – Filing of Certified True Copy of the Resolutions passed by the Members at the Extraordinary General Meeting

⚡ Flash Summary

Al-Ghazi Tractors Limited (AGTL) held an Extraordinary General Meeting on November 4, 2025, where members approved resolutions, most notably the change of the company’s registered office from the Province of Sindh to the Province of Punjab. This move involves amending the Memorandum of Association and complying with relevant sections of the Companies Act, 2017. The resolutions were overwhelmingly approved, with over 99.99% of votes cast in favor. The Company Secretary is authorized to execute all necessary steps to implement these changes as directed by regulatory bodies.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🗓️AGTL held an Extraordinary General Meeting on November 4, 2025.
🏢The primary resolution was to change the registered office location.
📍The office is moving from Sindh Province to Punjab Province.
📜This change necessitates amendments to the Memorandum of Association.
✅The resolution complies with Section 21 and Section 32 of the Companies Act, 2017.
🏢Specifically, the registered office changes from ‘Tractor House, Karachi’ to ‘Al-Ghazi Tractors Limited, Lahore’.
✍️Clause II of the Memorandum is being substituted to reflect the new location.
🔑The Company Secretary is authorized to execute all necessary actions.
💯A near-unanimous vote (99.9946%) approved the special resolution.
🗳️54,069,568 total votes were cast.
👍54,066,653 votes were in favor of the resolution.
👎2,915 votes were against the resolution.
🤝Ordinary business included confirming the minutes of the prior AGM on April 24, 2025.
🏢The meeting took place at Pearl Continental Hotel, Karachi

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The change in registered office is an operational decision that doesn’t provide enough information to adjust financial forecasts or valuation models significantly. Further financial data and operational updates would be needed to reassess the investment thesis. There is no price target as this is an administrative action.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements GAL Signal: HOLD

⏸️ GAL: HOLD Signal (6/10) – Credit of Final Cash Dividend (D-7)

⚡ Flash Summary

Ghandhara Automobiles Limited (GAL) announced a final cash dividend of Rs. 10 per share, which is equivalent to 100% of the share value, for the year ended June 30, 2025. The dividend has been electronically credited to the bank accounts of eligible shareholders who provided valid IBAN details on November 4, 2025. The company withheld dividend payments from shareholders who did not provide their IBAN and/or a valid copy of their CNIC, in compliance with the Companies Act, 2017. Notices regarding the dividend credit were published in national newspapers on November 5, 2025.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Ghandhara Automobiles declared a final cash dividend of Rs. 10 per share.
💰 The dividend represents 100% of the share value.
📅 The dividend is for the year ended June 30, 2025.
🏦 Dividends were electronically credited to shareholders’ bank accounts on November 4, 2025.
🆔 Shareholders must have provided valid IBAN details to receive the dividend.
🚫 Dividend payments were withheld from shareholders who did not submit their IBAN and/or CNIC.
📜 This action complies with the Companies Act, 2017.
📰 Notices regarding the dividend credit were published on November 5, 2025.
🌐 Shareholders can update their information via the company’s website.
✉️ Updated information can be sent to the company’s Share Registrar.
🇵🇰 The announcement was made in Karachi, Pakistan.

🎯 Investment Thesis

HOLD. The substantial dividend payout is positive, but a comprehensive understanding of the company’s financials and growth prospects is necessary before changing the recommendation. A Rs. 10 dividend per share for FY25 makes the stock interesting and could justify a neutral recommendation. Price target should be based on earnings growth, sector comparison, and any significant events. The time horizon would be MEDIUM_TERM, pending further financial data and industry updates.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements DCR Signal: HOLD

⏸️ DCR: HOLD Signal (6/10) – Credit of Interim Cash Dividend

⚡ Flash Summary

Arif Habib Dolmen REIT Management Limited announced an interim cash dividend of Re. 0.83 per unit, representing 6.3% of Dolmen City REIT’s (the Scheme) earnings for the quarter ended September 30, 2025. The dividend has been credited electronically to the designated bank accounts of unit-holders on November 04, 2025. Note that dividend payments to unit-holders who haven’t provided their valid IBAN or CNICs have been withheld pursuant to Regulation 6 of the Companies (Distribution of Dividends) Regulations, 2017. These dividends shall be dealt with in accordance with the applicable laws and regulations and directives of SECP.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 Interim cash dividend declared: Re. 0.83 per unit.
📅 Dividend relates to: Quarter ended September 30, 2025.
💸 Dividend represents: 6.3% of Dolmen City REIT’s earnings.
🏦 Dividend credited: Electronically to unit-holders’ bank accounts.
🗓️ Credit date: November 04, 2025.
⚠️ Payment withheld: For unit-holders without valid IBAN or CNICs.
📜 Regulation compliance: Adherence to Regulation 6 of Companies (Distribution of Dividends) Regulations, 2017.
🏛️ Regulatory oversight: Subject to laws and directives of SECP.
🏢 Scheme name: Dolmen City REIT.
📝 Announcement date: November 05, 2025.

🎯 Investment Thesis

Based solely on this announcement, a HOLD recommendation is appropriate. The dividend distribution is a positive signal, but a complete assessment needs to analyze the overall financials, asset quality, and market position. Price target requires further analysis of NAV and market trends.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

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