Strength-6 - FoxLogica

⏸️ MLCF: HOLD Signal (6/10) – MLCF-Financial Results for the Quarter Ended 30.09.2025

⚡ Flash Summary

Maple Leaf Cement Factory Limited’s (MLCF) financial results for the quarter ended September 30, 2025, show a mixed performance. Revenue increased modestly, but profitability metrics displayed significant improvement compared to the same period last year. The company did not declare any cash dividend, bonus shares, or right shares. Earnings per share (EPS) saw a substantial increase, which could positively influence investor sentiment. MLCF’s strategic cost management and operational efficiencies seem to have contributed to the improved bottom line, despite a challenging economic environment.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Revenue increased to PKR 16,483.36 million in Q3 2025 from PKR 15,719.84 million in Q3 2024, a growth of approximately 4.86%.
💰 Gross profit surged to PKR 5,591.61 million compared to PKR 4,962.68 million in the prior year, reflecting a 12.67% increase.
📉 Selling and distribution expenses decreased significantly to PKR 774.27 million from PKR 1,347.20 million, showcasing improved cost control.
💼 Administrative expenses remained relatively stable at PKR 586.88 million (PKR 586.17 million in 2024).
🚫 No cash dividend, bonus shares, or right shares were declared for the quarter.
💸 Finance costs decreased from PKR 674.51 million to PKR 396.71 million, a substantial reduction of 41.19%.
📊 Profit before income tax almost doubled, reaching PKR 4,050.78 million from PKR 2,099.32 million.
✅ Profit after tax stood at PKR 2,728.24 million, a significant increase from PKR 1,342.41 million in the same quarter last year (+103.24%).
⭐ Earnings per share (EPS) increased significantly to PKR 2.60 from PKR 1.28, indicating a substantial profitability improvement (+103.13%).
🏦 Cash generated from operations improved significantly to PKR 3,063.99 million, a substantial increase compared to PKR 183.87 million.
⬇️ Net cash used in investing activities decreased significantly, reflecting changes in investment strategy.
🏛️ Total Equity increased from PKR 70,959.29 million to PKR 75,144.60 million.
⚠️ No material regulatory risks were explicitly mentioned in the announcement.
🌱 The company focuses on sustainable practices, which enhances its long-term viability and attractiveness to investors.

🎯 Investment Thesis

HOLD. MLCF has shown improved profitability and operational efficiency. The increase in EPS is a positive sign; however, further analysis is needed to determine if this performance is sustainable. The company needs to reduce its debt load and improve its long-term financial resilience. Price Target: PKR 65.00, Time Horizon: 12 months. Further monitoring is advised.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025

announcements Signal: HOLD UBL

⏸️ UBL: HOLD Signal (6/10) – Advertisement regarding Book Closure for Third Interim Cash Dividend (D-63) of UBL (Prior to Publication)

⚡ Flash Summary

UBL’s board has announced a third interim cash dividend of Rs. 8 per share, which is 160% for the year 2025. The purpose of this announcement is to inform shareholders about the book closure period from October 27, 2025, to October 29, 2025, to determine the eligibility for the dividend. Shareholders are requested to update their addresses and provide CNIC/NTN copies to the registrar, THK Associates, and ensure their bank account details are provided to receive the dividend electronically, in compliance with regulatory requirements.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 UBL announces a Third Interim Cash Dividend of Rs. 8 per share (160%) for the year 2025.
🗓️ Book closure for dividend entitlement is from October 27, 2025, to October 29, 2025.
🏦 Shareholders must provide bank account details to receive dividends electronically as per regulatory requirements.
📍 Address and CNIC/NTN updates should be submitted to THK Associates.
✉️ Transfers received by THK Associates by October 24, 2025, will be considered for dividend entitlement.
📜 Shareholders are encouraged to convert physical shares to book entry form as per the Companies Act 2017.
🔗 Unclaimed dividends and share certificate details can be found on UBL’s website.
⚠️ Dividends may be withheld if bank account information is not provided.
🌐 Quarterly accounts for the nine-month period ending September 30, 2025, will be available on UBL’s website.
📞 Contact THK Associates at 021-35310191-93 or sfc@thk.com.pk for further information.
📄 Printed copies of the accounts can be requested from the Share Registrar or UBL’s Registered Office.
📰 UBL has been publishing notices and sending reminders to shareholders to submit their claims for unclaimed dividends and shares.
💼 Compliance with regulatory instructions is emphasized in the absence of claims.
🔒 The security contact point for updates and queries is sfc@thk.com.pk

🎯 Investment Thesis

Given the announcement’s focus on dividend distribution and regulatory compliance, a ‘HOLD’ recommendation is appropriate. Without a comprehensive financial analysis, it’s difficult to assess the long-term investment potential of UBL. However, the dividend payout indicates a level of financial stability. A more informed decision would require a thorough review of the bank’s financial statements and industry analysis. BUY/SELL/HOLD: HOLD Price Target: N/A (Requires financial analysis) Time Horizon: MEDIUM_TERM

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025

announcements JSGBETF Signal: HOLD

⏸️ JSGBETF: HOLD Signal (6/10) – Financial Results for the nine months ended September 30, 2025

⚡ Flash Summary

JS Global Banking Sector Exchange Traded Fund (JSGBETF) reported its unaudited financial results for the nine months ended September 30, 2025. The fund’s net profit after taxation increased significantly to PKR 112.46 million compared to PKR 45.69 million in the same period last year. This surge in profitability was primarily driven by substantial gains on investments, including both realized and unrealized gains. Despite the positive performance, the fund did not declare any cash dividend, bonus shares, or right shares for the period.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚀 Net profit after tax soared to PKR 112.46 million, up from PKR 45.69 million year-over-year.
📈 Total assets increased to PKR 217.13 million from PKR 170.01 million at the end of 2024.
💰 Investments surged to PKR 209.33 million, compared to PKR 159.07 million at the end of the previous year.
📊 Net unrealized gain on re-measurement of investments was PKR 64.72 million, against PKR 14.69 million in 2024.
🎉 Total comprehensive income for the period stood at PKR 112.46 million, a notable jump from PKR 45.69 million.
🚫 No cash dividend, bonus shares, or right shares were declared.
💸 Earnings per unit (EPU) is available for the period but not directly mentioned in the announcement. It is needed to make a full assessment.
📉 Number of units in issue decreased from 7,420,000 to 5,360,000.
⭐ Net assets value per unit increased significantly from PKR 22.55 to PKR 39.69.
💸 Total expenses increased to PKR 2.11 million compared to PKR 1.90 million in the same period last year.
🏦 Profit on bank deposits decreased from PKR 1.25 million to PKR 0.51 million.
💼 Gain on sale of investments increased significantly from PKR 14.63 million to PKR 27.90 million.
💸 Payable to JS Global Capital Limited decreased from PKR 1.43 million to PKR 0.92 million

🎯 Investment Thesis

Given the strong growth in profitability and net asset value, the recommendation is HOLD. The fund has demonstrated a solid ability to generate returns from its investments. However, the lack of dividend payout and a decrease in number of units issue needs further analysis to fully understand capital allocation decisions. Price target cannot be determined without an analysis with a full earnings projection and sector comparisons.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025

announcements FAYSAL-FUNDS Signal: HOLD

⏸️ FAYSAL-FUNDS: HOLD Signal (6/10) – Financial Results for the quarter ended September 30, 2025

⚡ Flash Summary

Faysal Funds has released the financial results for the quarter ended September 30, 2025, covering multiple Islamic funds. The provided documents include condensed interim statements of assets, liabilities, income, and cash flows for various funds, such as Faysal Halal Amdani Fund and Faysal Islamic Asset Allocation Fund. Each fund’s performance and financial position are detailed in their respective annexures. The reports indicate varying levels of profitability and asset management across the different Islamic investment strategies.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 Faysal Halal Amdani Fund’s net assets stand at Rupees 43,454,027,425.
📈 Faysal Halal Amdani Fund’s NAV per unit is Rupees 104.3373.
🏦 Faysal Halal Amdani Fund generated total income of Rupees 1,182,047,440 for the quarter.
📉 Faysal Halal Amdani Fund experienced net cash outflow in operating activities of Rupees (9,210,911,750).
🏦 Faysal Halal Amdani Fund – II’s net assets are Rupees 32,985,495,012.
📈 Faysal Halal Amdani Fund – II’s NAV per unit is Rupees 102.0473.
🏦 Faysal Halal Amdani Fund – II generated total income of Rupees 338,086,110 for the quarter.
💸 Faysal Halal Amdani Fund – II generated net cash of Rupees 32,655,433,501 from financing activities.
📊 Faysal Islamic Asset Allocation Fund’s net assets are Rupees 631,022,088.
📈 Faysal Islamic Asset Allocation Fund’s NAV per unit is Rupees 92.4791.
🏦 Faysal Islamic Asset Allocation Fund generated total income of Rupees 20,199,240 for the quarter.
📉 Faysal Islamic Asset Allocation Fund used net cash of Rupees (66,305,827) in operating activities.
💰 Faysal Islamic Asset Allocation Fund-II’s net assets are Rupees 2,168,091,579.
💸 Faysal Islamic Asset Allocation Fund-II’s cash outflow was Rupees (133,459,983).

🎯 Investment Thesis

Given the mixed performance across the funds, a ‘HOLD’ recommendation seems prudent at this time. The funds show varying levels of profitability and asset management efficiency. Before considering a ‘BUY’ or ‘SELL’ recommendation, further analysis is needed, including a detailed assessment of portfolio composition, expense ratios, risk-adjusted returns, and comparison against benchmark Islamic indices. A price target cannot be determined without additional valuation analysis. Time horizon: Medium Term, pending further data.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025

announcements NATF Signal: HOLD

⏸️ NATF: HOLD Signal (6/10) – Corporate Briefing Session of National Foods Limited

⚡ Flash Summary

National Foods Limited held a corporate briefing session where they shared their FY25 performance and future outlook. The company emphasized its position as Pakistan’s #1 food solutions company, focusing on scaling global growth with resilience. Key highlights included a 5-year topline CAGR of 26%, a market capitalization of PKR 85 billion with YoY increase of +100%, and over 50% of revenue generated from international markets. The company detailed its strategy around local business premiumization, international penetration, and operational efficiencies.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🥇 National Foods is Pakistan’s #1 food solutions company.
🌍 Operates across 5 continents and 44 countries.
🏢 Has 5 offices/entities globally.
🤝 Employs a network of 391 distributors.
📈 Achieved a 5-year topline CAGR of 26%.
💰 Market capitalization of PKR 85 Billion, a YoY increase of +100%.
🌎 50%+ revenue generated from international markets.
🏭 Operates 3 manufacturing sites, including a state-of-the-art plant in Faisalabad commissioned in 2024.
🚀 Group revenue increased by 18% YoY to Rs 125 Billion in FY25.
📊 Group operating profit increased by 36% YoY to Rs 8.488 Billion.
⭐ Group profit after tax increased 58% YoY to Rs 4.419 Billion.
💸 Group cash from operating activities increased 20% YoY to Rs 8.177 Billion.
🌐 International Business revenue increased by 26% to $234 Million.
📈 A-1 Cash & Carry demonstrated 30% CAGR in revenue.

🎯 Investment Thesis

I recommend a HOLD rating on National Foods Limited. The company has demonstrated consistent growth and profitability, but its valuation appears fairly priced. The strategic focus on international markets and operational efficiencies is promising, but investors should closely monitor potential risks such as supply chain disruptions and changing consumer preferences. Further upside may be realized through strategic divestments and continued expansion in key markets.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 17, 2025

announcements ILP Signal: HOLD

⏸️ ILP: HOLD Signal (6/10) – Credit of Final Cash Dividend for the Year Ended June 30, 2025 and Notice for Publication in the Newspapers

⚡ Flash Summary

Interloop Limited has announced a final cash dividend of Rs. 1 per share, equivalent to 10% for the fiscal year ended June 30, 2025. The dividend, approved by the Board of Directors on September 10, 2025, and ratified by shareholders on October 10, 2025, was electronically credited to shareholders’ bank accounts on October 16, 2025. The company is also set to publish notices regarding this dividend in the Business Recorder (English) and Nawa-e-Waqt (Urdu) newspapers on October 17, 2025. Shareholders who haven’t provided valid IBANs will have their dividends withheld as per regulatory compliance.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Interloop Limited announced a final cash dividend of Rs. 1 per share for FY2025.
💰 The dividend payout represents 10% of the share’s face value.
🗓️ Dividend was approved by the Board on September 10, 2025.
🤝 Shareholders approved the dividend on October 10, 2025 at the AGM.
🏦 Dividend was credited to shareholders’ accounts electronically on October 16, 2025.
📰 Public notices about the dividend will be published on October 17, 2025.
🚫 Dividends are withheld for shareholders without valid IBAN details.
📜 Withholding complies with Companies (Distribution of Dividends) Regulations, 2017.
ℹ️ Shareholders can register with CDC’s Centralized Cash Dividend Register (CCDR).
🌐 CCDR can be accessed via https://csp.cdcaccess.com.pk.
📧 Dividend and tax deduction reports are available via registered email addresses.

🎯 Investment Thesis

Based on the announcement of a 10% dividend, the stock is a HOLD. The dividend provides some income for shareholders but does not indicate significant growth or undervaluation. The administrative challenges of withholding dividends from non-compliant shareholders and the lack of detailed financial information for a comprehensive analysis limit the attractiveness of the stock. Without additional financial data, a target price is not possible.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 16, 2025

announcements Signal: HOLD

⏸️ LPL: HOLD Signal (6/10) – Announcement of Board Meeting

⚡ Flash Summary

Lalpir Power Limited’s board has recommended a buy-back of up to 100 million ordinary shares, representing 26.33% of the total outstanding shares. This buy-back, to be executed through the Pakistan Stock Exchange, aims to provide an exit opportunity for members and improve the company’s book value. The purchase period is slated from November 27, 2025, to May 15, 2026, or until the purchase is complete. An Extraordinary General Meeting will be held on November 20, 2025, to seek member approval for the buy-back.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Board recommends buy-back of up to 100 million shares.
💰 Buy-back represents 26.33% of total outstanding shares.
🗓️ Purchase period: November 27, 2025 to May 15, 2026.
🏢 Buy-back to be executed through Pakistan Stock Exchange.
👍 Aims to provide exit opportunity to members.
📈 Expected to improve book value post buy-back.
🤝 Member approval to be sought at EOGM on November 20, 2025.
📍 EOGM at Emporium Mall, Lahore.
📰 Notice of meeting to be transmitted through PUCARS.
🔒 Share transfer books closed from 13-11-2025 to 20-11-2025.
📑 Physical transfers/CDS Transactions IDs received up to 1:00 p.m. on 12-11-2025 considered for EOGM.
ℹ️ Face value of each share is Rs. 10.
📜 Buy-back in accordance with Companies Act, 2017 and Buy-Back Regulations, 2019.
💲 Purchase price will be the spot/current share price during the purchase period.

🎯 Investment Thesis

HOLD. The proposed buy-back indicates management’s confidence in the company. While the buy-back can support the share price and improve book value, detailed financial information is needed to determine fundamental value. Further analysis is recommended after the buy-back is complete and its financial impact can be assessed. Price target is to be determined after reviewing Q4 2025 financials and assessing the effect of the buyback. Time horizon is MEDIUM_TERM (6-12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 16, 2025

announcements FDPL Signal: HOLD

⏸️ FDPL: HOLD Signal (6/10) – Corporate Briefing Session (CBS)

⚡ Flash Summary

First Dawood Properties Limited (FDPL) will host a Corporate Briefing Session (CBS) on October 24, 2025, to discuss the company’s financial performance for the year ended June 30, 2025, and its future outlook. The company reported a decrease in after-tax profit from Rs. 6.701M to Rs. 6.372M, but its net worth increased from Rs. 656.474M to Rs. 668.161M due to the settlement of loan liability with the Bank of Khyber. Management expresses confidence in improved profitability due to recoveries from its existing portfolio and write-back provisions. The company has also restructured to reduce payroll costs and overhead expenses and changed its name to reflect its focus on real estate opportunities.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 CBS Date: October 24, 2025, to discuss FY2025 results.
🏢 Venue: 19th Floor, Tower-B, Saima Trade Towers, Karachi.
📉 After-Tax Profit: Decreased to Rs. 6.372M.
💰 Net Worth: Increased to Rs. 668.161M.
🏦 Loan Settlement: Liability with Bank of Khyber settled.
📈 Lease Income & Return on Deposit & Investment Income: Rs. 51.744M in 2025
📊 Total Income: Rs. 52.271M in 2025.
🏘️ Shareholders Equity: Increased to Rs. 668.161M.
🏢 Total Assets: Increased to Rs. 895.125M.
💹 Book Value per Share: Increased to Rs. 4.50.
🏢 Commercial Building: Basement + Ground + 4 floors completed.
💼 Business Focus: Shift to real estate opportunities.
⚙️ Cost Reduction: Restructuring to reduce payroll and overhead costs.
🏦 Recoveries: Expected from existing portfolio to improve cash flows.
📜 Licenses: Obtained for Leasing Business and Investment and Finance Services.

🎯 Investment Thesis

HOLD. While FDPL has shown resilience in managing its financial position and settling liabilities, the decrease in profitability and reliance on recoveries present concerns. The shift to real estate opportunities is a potentially positive catalyst, but its success is uncertain. A ‘Hold’ recommendation is appropriate until the company demonstrates sustained improvement in profitability and successful execution of its new strategic direction. We will set a price target when there is more clarity around the execution of their new strategy.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 16, 2025

announcements JSMFETF Signal: HOLD

⏸️ JSMFETF: HOLD Signal (6/10) – Credit of Interim Cash Dividend (Pre-Publication)

⚡ Flash Summary

JS Investments Limited (JSIL) announced an interim cash dividend of Rs. 1 per share for the JS Momentum Factor ETF (JSMFETF), which equates to a 10% dividend for the year ending June 30, 2026. The dividend, approved on September 23, 2025, will be electronically credited to the designated bank accounts of eligible unitholders who have provided valid CNIC and IBAN details. The announcement also mentions the Central Depository Company of Pakistan Limited’s (CDC) Centralized Cash Dividend Register (CCDR) to facilitate access to dividend information. Unitholders are advised to ensure their CNIC and bank account details are updated to avoid dividend withholding.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 Interim cash dividend of Rs. 1 per share announced for JSMFETF.
📈 Dividend represents 10% for the year ending June 30, 2026.
🗓️ Approved on September 23, 2025.
🏦 Payment will be made electronically to designated bank accounts.
🆔 Unitholders must have valid CNIC and IBAN details.
🌐 CDC’s CCDR facilitates access to dividend information.
⚠️ Dividends may be withheld for incomplete or inaccurate information.
📄 Unitholders can update details via Participant/Broker/CDC Investor Account Services.
🔗 E-Dividend Mandate Form available at [https://jsil.com/all-downloads/amc-corporate-governance-document/](https://jsil.com/all-downloads/amc-corporate-governance-document/).
📰 Announcement to be published in ‘The News’ and ‘Daily Jang’ on October 17, 2025.
🏢 JSMFETF is managed by JS Investments Limited (JSIL).
🇵🇰 JSIL is based in Karachi, Pakistan.
📞 Contact information: Toll-free 0800-00887, Email ir@jsil.com, Website www.jsil.com.
💼 Muhammad Khawar Iqbal is the COO & Company Secretary.

🎯 Investment Thesis

Based solely on this dividend announcement, a HOLD recommendation is appropriate for existing investors in JSMFETF. The dividend is a positive sign but more analysis is needed. The price target would remain unchanged until a full fundamental analysis can be performed. Time horizon is medium term (6-12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 16, 2025

ACPL announcements Signal: HOLD

⏸️ ACPL: HOLD Signal (6/10) – Withdrawal of intention to acquire 84.06% voting shares

⚡ Flash Summary

Attock Cement Pakistan Limited (ACPL) has announced the withdrawal of the public announcement of intention by Alpha Cement Company Limited to acquire 84.06% of ACPL’s voting shares. The initial announcement of intention was made on June 3, 2025. Arif Habib Limited, acting as the manager to the offer on behalf of Alpha Cement, issued the withdrawal notice. This decision reverses the potential acquisition, leaving Attock Cement’s ownership structure unchanged.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

❌ Alpha Cement withdraws intention to acquire 84.06% of Attock Cement’s voting shares.
📅 Original announcement of intention was made on June 3, 2025.
💼 Arif Habib Limited acted as the manager to the offer for Alpha Cement.
📄 Withdrawal notice issued on October 9th, 2025.
📰 Withdrawal notice published in Business Recorder and Nawa-i-Waqt.
🚫 Potential acquisition of 84.06% stake will not proceed.
🏢 Attock Cement’s ownership structure remains as is.
cement industry sector affected by this cancellation
cement production expected to remain stable
📈 Stock Exchange requested to disseminate information to shareholders.

🎯 Investment Thesis

HOLD. Given the withdrawal of the acquisition, the stock’s outlook reverts to Attock Cement’s standalone performance. Without specific financial data, it is difficult to provide a precise price target, but the investment thesis is to HOLD until further information on company performance is available.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 15, 2025

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