Strength-6 - FoxLogica

⏸️ DADX: HOLD Signal (6/10) – Transmission of Annual Report for the Year ended June 30, 2025.

⚡ Flash Summary

Dadex Eternit Limited’s 2025 annual report reveals a challenging year marked by global economic uncertainties and domestic headwinds. While the company faced a contraction in the construction sector and operational disruptions, it strategically focused on optimizing assets and enhancing efficiencies. The company obtained shareholder approval for property disposals to strengthen liquidity and re-invest in core businesses. Despite a net loss of Rs. 407.047 million, Dadex remains committed to sustainable growth and delivering shareholder value through innovation and disciplined financial management.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Global economic uncertainty and domestic slowdown impacted Dadex’s performance.
🏗️ Construction sector in Pakistan contracted by 2.8% in 2025.
🏭 Operational capacity was affected at manufacturing locations.
🤝 Shareholders approved disposal of property(ies) for asset optimization.
💰 Rs. 27.051 million invested in Hyderabad factory for CC Sheet quality.
🏢 Karachi Factory was closed; focus shifts to Hyderabad and Sundar.
✅ Compliance maintained with Corporate Governance principles.
⚠️ Commercial, financial, and compliance risks identified and mitigated.
❌ No final cash dividend declared for the year.
🔻 Accumulated loss reached Rs. 1,495.799 million.
🧐 Financial statements prepared on a going concern basis.
🌱 Sustainability embedded in operations with global ESG principles.
🌐 Active in sustainable environment and energy consumption.

🎯 Investment Thesis

Given the ongoing challenges, including declining revenue and accumulated losses, a HOLD recommendation is appropriate. The strategic initiatives aimed at strengthening liquidity are positive, but their impact remains uncertain. I am skeptical that this is going to pay off, but I cannot reasonably produce that it won’t. A short-term HOLD target is difficult to provide given the current volatility.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 9, 2025

announcements Signal: HOLD TELE

⏸️ TELE: HOLD Signal (6/10) – Financial Results for the Year Ended 30 June 2025

⚡ Flash Summary

Telecard Limited’s financial results for the year ended June 30, 2025, reveal mixed performance. Consolidated revenue increased slightly, but profit after taxation surged significantly from 34.644 million to 348.924 million Rupees. Despite the improved profitability, the company did not declare any cash or bonus dividends for the year. The Annual General Meeting is scheduled for October 28, 2025, to further discuss these results and future strategies.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Consolidated revenue increased from 10,796.970 million to 11,189.353 million Rupees.
💰 Gross profit rose from 2,142.572 million to 2,517.407 million Rupees.
Operating profit soared from 636.245 million to 932.134 million Rupees. 🚀
Profit before taxation increased substantially from 400.527 million to 657.641 million Rupees. 🎉
Net profit after taxation saw a significant jump from 34.644 million to 348.924 million Rupees. 🌟
Earnings per share (basic & diluted) increased from 0.03 to 0.43 Rupees. 🚀
🚫 No cash dividend was declared for the year ended June 30, 2025. 😥
🚫 No bonus shares were announced for the year ended June 30, 2025. 😔
Total assets increased from 8,389.650 million to 9,122.997 million Rupees. 🏢
Total equity increased from 4,520.973 million to 4,878.685 million Rupees. 🌱
Long term financing decreased from 455.140 million to 307.902 million Rupees. 📉
📅 Annual General Meeting will be held on October 28, 2025. 🗓️

🎯 Investment Thesis

HOLD. Telecard has shown significant improvement in profitability. The surge in EPS is a positive signal, but the lack of dividends and need for sector benchmarking temper an immediate BUY recommendation. A HOLD strategy allows for monitoring future performance and strategic initiatives. Price target will be reassessed pending further financial data and market conditions.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 8, 2025

announcements Signal: BUY TRSM

📈 TRSM: BUY 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

On October 8th, 2025, Trust Modaraba disclosed a transaction where Mr. Sohail Asim purchased 58,000 shares of the company on September 25th, 2025. The shares were bought at a rate of PKR 43.26 per share in the ready market via CDC. Following this transaction, Mr. Asim’s cumulative shareholding in Trust Modaraba increased to 4,711,535 shares, representing 15.81% of the total shareholding. This indicates an increased stake by a key individual, which may reflect confidence in the company’s prospects.

Signal: BUY 📈

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📢 Mr. Sohail Asim acquired 58,000 shares of Trust Modaraba.
🗓️ The transaction occurred on September 25th, 2025.
💰 The purchase price was PKR 43.26 per share.
🏦 The transaction was executed through the Central Depository Company (CDC).
📈 The market for the transaction was ‘Ready’.
📊 Mr. Asim’s cumulative shareholding now stands at 4,711,535 shares.
💼 His total stake represents 15.81% of Trust Modaraba.
🔒 The disclosure was made on October 8th, 2025.
👤 Mr. Asim’s CNIC is # 35201-3166267-9.
📜 The disclosure adheres to PSX Regulations u/c 5.6.1.(d).

🎯 Investment Thesis

BUY. The increased stake by Mr. Sohail Asim indicates a strong belief in the company’s future. The market might react positively to this increased confidence. Price target should be revisited after further analysis and sector comparison. Time horizon: MEDIUM_TERM, expecting the market to recognize the positive signal over the next 6-12 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 8, 2025

announcements PASM Signal: HOLD

⏸️ PASM: HOLD Signal (6/10) – Transmission of Annual Report fot the year Ended 30.06.2025

⚡ Flash Summary

Paramount Spinning Mills Limited’s financial statements for the year ended June 30, 2025, reveal a notable profit after taxation of PKR 39.137 million, a significant increase from PKR 14.086 million in the previous year. The company has implemented a Scheme of Arrangement, selling off assets and realigning operations towards commercial trading and other services. Earnings per share have improved substantially to PKR 2.26, compared to PKR 0.81 in 2024. However, the board does not recommend a dividend for the year.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Profit after taxation soars to PKR 39.137 million, a substantial increase from PKR 14.086 million in 2024.
📈 Earnings per share (EPS) jumps to PKR 2.26, a significant improvement from PKR 0.81 the previous year.
💼 Scheme of Arrangement successfully implemented, realigning operations.
❌ No dividend recommended for the year ended June 30, 2025.
🏢 Total Assets decreased from PKR 40.77 million to PKR 26.009 million.
📉 Total Equity improves slightly from negative PKR 588.893 million to negative PKR 576.243 million.
🏦 Deferred liability for gratuity stands at PKR 2.241 million.
⚠️ Auditor’s observations highlight pending litigation with banks.
🔍 Qualified audit opinion due to unavailable information on fixed assets, bank balances, and payables.
🤝 Company sold its entire holding of 202,777 ordinary shares in Gulistan Spinning Mills Limited for PKR 2.844 million.
✔️ The company has been complying with the rules & regulations of Securities and Exchange Commission of Pakistan
✔️ There were four (4) meetings of the Board of Directors were held and attendance thereof by each director.
⚠️ The financial statements are presented in breakup value and the going concern basis is no longer appropriate
✔️ M/s Malik Haroon Ahmad & Co., Chartered Accountants have been recommended for reappointment.

🎯 Investment Thesis

HOLD. The company shows signs of recovery with increased profitability and EPS. However, lingering concerns include negative equity, lack of dividend, and pending litigation. A stronger BUY signal would require sustained profitability, positive equity, and resolution of outstanding legal issues.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 8, 2025

announcements Signal: HOLD SPEL

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

⚡ Flash Summary

SPEL Limited has announced the credit of its final cash dividend of Rs. 0.40 per share, which represents 8% for the year ended June 30, 2025. The dividend has been electronically credited to the designated bank accounts of the company’s shareholders. This announcement indicates a positive return to shareholders and could be perceived favorably by the market. It suggests the company’s ability to generate profits and distribute them to its investors.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 SPEL Limited announced a final cash dividend.
💵 The dividend is Rs. 0.40 per share.
📊 This represents an 8% dividend for the year.
📅 The dividend is for the year ended June 30, 2025.
🏦 Dividends were credited electronically into shareholders’ bank accounts.
✅ This action indicates the company’s financial health.
👍 Shows commitment to returning value to shareholders.
🕒 Announcement made on October 8, 2025.
🇵🇰 SPEL Limited is based in Lahore, Pakistan.
🏢 Company’s office is located at 127-S,Q.I.E, Kotlakhpat.
🌐 Company can be found on www.spelgroup.com.
✉️ Contact via synthetic@spelgroup.com.

🎯 Investment Thesis

Given the limited information, a HOLD recommendation is appropriate. The dividend announcement is positive, but further financial analysis is needed to determine long-term sustainability. A buy recommendation could be considered if the company demonstrates consistent profitability and a reasonable debt level. A sell recommendation would be appropriate if the dividend payout is unsustainable and the company faces financial distress.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 8, 2025

announcements Signal: HOLD

⏸️ RPL: HOLD Signal (6/10) – RPL | Roshan Packages Limited Transmission of Annual Report for the year Ended 30-06-2025

⚡ Flash Summary

Roshan Packages Limited’s 2025 Annual Report reveals a challenging year marked by macroeconomic headwinds, including high inflation and currency volatility, leading to a 6.5% decline in net revenue to Rs. 9,661 million. Despite these challenges, the company maintained profitability through strategic resilience and cost discipline. Financial performance was impacted by higher raw material and energy costs, although finance costs decreased due to effective capital management. The company remains focused on sustainable growth and shareholder value, continuing investments in renewable energy and innovative packaging solutions.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net revenue declined by 6.5% YoY to Rs. 9,661 million, reflecting weaker demand.
✅ Gross profit decreased by 12.6% YoY to Rs. 774.4 million.
✅ Finance costs improved year-over-year to Rs. 190 million due to better capital management.
📉 Profit before tax (PBT) significantly dropped to Rs. 240 million, compared to the previous Rs. 416 million, indicating lower profitability.
📉 Profit after tax (PAT) decreased to Rs. 141 million, a considerable decrease over previous Rs. 211 million.
📉 Earnings per share (EPS) decreased to Rs. 0.99, significantly less than the prior Rs. 1.49.
Total assets increased slightly to Rs. 12,161 million showing the increased operational ability.
✨ Successful transition of over 52% of total operations to renewable solar energy for cost and carbon efficiency.
🏆 Awarded ‘Brand of the Year 2024’ for Corrugated and Flexible Packaging Solutions.
✅ Company is diversifying into circular economy.
All 7 Directors attended at least 5 of the 6 board meetings, indicating good governance.
The company did not recommend dividend payout.
Roshan Sun Tao Paper Mills, a wholly owned subsidiary, is in pre-operational phase, supported by continuous investment.
👍 Signed Memorandum of Understanding (MoU) with universities to promote industry-academia collaboration.
✨ Implemented an online and paperless performance management system.

🎯 Investment Thesis

Roshan Packages faces headwinds and there might be downside potential, so hold.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements Signal: HOLD STYLERS

⏸️ STYLERS: HOLD Signal (6/10) – Notice of Annual General Meeting 30-06-2025

⚡ Flash Summary

Stylers International Limited will hold its 2nd Annual General Meeting (AGM) on October 28, 2025, to approve the annual audited financial statements for the year ended June 30, 2025. Shareholders will also vote on the proposed final cash dividend of PKR 0.75 per share (7.5%), bringing the total cash distribution for the year to PKR 1.00 per share (10%), including an already paid interim dividend of PKR 0.25 per share (2.5%). Other matters include appointing auditors for the financial year 2025-26 and ratifying related-party transactions approved by the Board of Directors during the year. The company has provided options for both in-person and virtual participation in the AGM.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 AGM Date: October 28, 2025.
🏢 Location: Company’s registered office in Lahore and video conferencing.
✅ Purpose: Approve financial statements, declare dividends, appoint auditors, and ratify related party transactions.
💰 Final Dividend: PKR 0.75 per share (7.5%).
💵 Total Dividend: PKR 1.00 per share (10%) for FY2025.
Interim Dividend: Already paid PKR 0.25 per share (2.5%) for Q3 2025.
💻 Financial Statements: Available for download on the company’s website.
Auditors: M/s BDO Ebrahim & Company proposed for reappointment.
🤝 Related Party Transactions: To be ratified by shareholders.
🗳️ Voting: Allowed through postal ballot or electronic mode.
✉️ AGM Participation: Register via email at tariq.majeed@stylersintl.com for virtual attendance.
⛔ Share Transfer Books: Closed from October 21-28, 2025.
🧾 CNIC/NTN: Submission mandatory for dividend payments.
🏦 Electronic Dividend Payment: Mandatory via direct bank transfer.

🎯 Investment Thesis

Based solely on the AGM notice and dividend announcement, a HOLD recommendation is appropriate. The dividend is a positive sign, but further analysis of the company’s financial statements is crucial. A BUY/SELL recommendation will depend on a comprehensive review of STYLERS’ performance, growth prospects, and valuation relative to its peers.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements Signal: HOLD SINDM

⏸️ SINDM: HOLD Signal (6/10) – Transmission of Annual Report for the Year Ended

⚡ Flash Summary

Sindh Modaraba’s annual report for 2025 indicates a mixed financial performance. While the Islamic financing portfolio experienced substantial growth of 124.18%, the net profit after tax decreased from Rs. 201.33 million to Rs. 180.12 million, influenced by the State Bank of Pakistan’s policy rate reduction. The company saw a significant increase in Shariah-compliant disbursements, which increased four times compared to the previous year, reflecting strong demand for its products and growing customer confidence. Despite resilience in a challenging economic environment, strategic initiatives resulted in a 35.41% increase in operating expenses, highlighting the need for continued prudence and strategic foresight.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Islamic financing portfolio grew by 124.18% year-over-year.
💰 Net profit after tax decreased to Rs. 180.12 million from Rs. 201.33 million the previous year.
🏦 The State Bank of Pakistan’s policy rate reduction impacted overall profitability.
💸 Total Shariah-compliant disbursements increased four times compared to last year.
💼 Operating expenses increased by 35.41% due to strategic team strengthening.
🌱 The company maintains a long-term and short-term credit rating of A+ and A-1, respectively.
🌍 Macroeconomic uncertainties pose challenges to the external environment.
🤝 The company aims to expand geographically and focus on digital transformation.
🌱 Focus on new financing products for SMEs, renewable energy, and agri-based enterprises.
📊 Board approves a cash dividend of 13.50% (Rs. 1.35 per certificate), up from 12.50% last year.
🏦 Rs. 36.02 million appropriated to statutory reserve
🛡️ The Company demonstrates a solid balance sheet with strong equity
♻️ESG Framework to improve environmental and social impact.
🤝Waseem Mehdi Syed and Abdul Rauf Chandio continue to head Modaraba with Chairman and CEO respectively.

🎯 Investment Thesis

Recommendation is HOLD. While the company shows commitment to Islamic finance and has an increasing portfolio, revenue declined which is concerning. The increasing dividend is a positive.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements KML Signal: HOLD

⏸️ KML: HOLD Signal (6/10) – Transmission of Annual Report for the year ended June 30, 2025

⚡ Flash Summary

Kohinoor Mills Limited (KML) released its annual report for the year ended June 30, 2025. The company reported a decrease in revenue but managed to turn around its bottom line from a net loss last year to a net profit this year. Key challenges included elevated input and energy costs, along with lingering supply constraints and global economic uncertainties, impacting margins. Despite these headwinds, KML is focusing on value-added segments and operational efficiencies.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Revenue decreased by 9.1% to PKR 27.14 billion from PKR 29.85 billion YoY.
✅ Turned profitable, reporting a net profit of PKR 233.51 million compared to a net loss of PKR 19.6 million last year.
💲 Basic and diluted EPS stood at PKR 0.46, a significant improvement from the LPS of Re. 0.04 last year.
🚧 Gross profit margin declined to 13.32% due to rising input and utility costs.
💰 Finance cost declined significantly to PKR 1.18 billion from PKR 1.72 billion driven by policy rate cuts.
🌱 Pakistan’s textile exports experienced 6.16% growth in FY25, demonstrating modest recovery.
🏭 Weaving division demonstrated improved operational efficiency with gross profit of PKR 1.71 billion.
🔥 Dyeing division impacted by elevated operational costs, supply chain issues, and e-commerce rivalry.
⚡ Genertek division commissioned a 4.5 MW solar plant, aiming to meet over 20% of the company’s operational electricity needs.
🤝 Company is focused on strengthening traceability, compliance and eco-friendly manufacturing practices.
👗 Establishing apparel unit with initial capacity of 5 million garments, starting production Q2 FY26.
🧪 Strong focus on traceability and chemical management practices for sustainable production.
⚖ Proposed a policy framework for determining remuneration of directors and senior management.

🎯 Investment Thesis

HOLD: Improved profitability is a positive, BUT the lower revenue and market conditions raise concerns. Wait for further improvement in sales and macro conditions before considering a BUY rating. PT: Dependent on future performance; re-evaluate in 6 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

announcements BECO Signal: HOLD

⏸️ BECO: HOLD Signal (6/10) – Notice of Annual General Meeting 2025

⚡ Flash Summary

Beco Steel Limited will hold its Annual General Meeting on October 28, 2025, to conduct routine business including approving the financial statements for the year ended June 30, 2025, and appointing external auditors for the financial year ending June 30, 2026. A key item on the agenda is a special resolution to subdivide the company’s share capital, decreasing the face value of each share from Rs. 10 to Rs. 1. Additionally, the authorized share capital will be increased from Rs. 1,500,000,000 to Rs. 3,000,000,000. Shareholders are also asked to ratify related party transactions and authorize the board to approve such transactions for the upcoming fiscal year.

Signal: HOLD ⏸️

Strength: 6/10

Sentiment: NEUTRAL

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📅 Annual General Meeting (AGM) scheduled for October 28, 2025.
📍 AGM to be held at Executive Board Room, Royal Palm Golf and Country Club, Lahore.
✅ Agenda includes confirming minutes of the previous AGM held on November 27, 2024.
🧾 Approval of Annual Audited Accounts for the year ended June 30, 2025, is on the agenda.
👨‍💼 M/s Malik Haroon Ahmad & Co. recommended as external auditors for the financial year 2025-26.
➗ Share subdivision proposed: Face value decreasing from Rs. 10 to Rs. 1 per share.
⬆️ Authorized Share Capital to increase from Rs. 1,500,000,000 to Rs. 3,000,000,000.
🤝 Related party transactions for the year ended June 30, 2025, to be ratified and approved.
🏦 Board authorized to approve related party transactions for the year ending June 30, 2026.
📵 Share Transfer Books to be closed from October 21, 2025, to October 28, 2025.
💻 E-voting facility available; details to be shared via email by October 22, 2025.
✉️ Postal ballot option available; ballot to reach Chairman by October 27, 2025.
🌐 AGM notice and annual report available on www.becosteel.com.
🏦 Shareholders requested to provide IBAN details for unclaimed e-dividends.

🎯 Investment Thesis

Based on the announcement, a HOLD recommendation is appropriate. While the share split may improve liquidity and accessibility, it does not alter the fundamental value. Further financial analysis and earnings reports are required to make a more informed decision. Price target will depend on future earnings and growth prospects.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: October 7, 2025

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