Strength-8 - FoxLogica

📉 ESBL: SELL Signal (8/10) – Financial Results for Quarter Ended Sep 30, 2025

⚡ Flash Summary

Escorts Investment Bank Limited (ESBL) reported a net loss of PKR 26.97 million for the quarter ended September 30, 2025, compared to a net loss of PKR 9.37 million for the same period last year. This represents a significant deterioration in profitability. The loss is primarily attributed to a decrease in income from financing and investments, coupled with increased administrative expenses. The company’s total assets decreased slightly from PKR 660.80 million to PKR 637.44 million.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net loss significantly widened to PKR 26.97 million from PKR 9.37 million YoY.
💰 Total income decreased substantially from PKR 30.77 million to PKR 16.38 million YoY.
📊 Loss per share increased to PKR (0.20) from PKR (0.17) YoY.
🏢 Administrative expenses increased from PKR 37.45 million to PKR 39.69 million YoY.
💸 Finance costs decreased from PKR 1.56 million to PKR 0.91 million YoY.
Investments performed poorly with short term finances decreasing from PKR 100.06 million to PKR 59.21 million.
📉 Operating loss before provisions and taxation deepened to PKR (24.22) million from PKR (8.24) million YoY.
Balance sheet shows decreased Cash and bank balances from PKR 314.95 million to PKR 306.95 million.
📉 Total assets declined slightly from PKR 660.80 million to PKR 637.44 million.
Liabilities decreased from PKR 130.99 million to PKR 136.85 million.
Equity dropped from PKR 502.58 million to PKR 475.61 million.
⚠️ Revenue reserve further dipped to negative PKR 1,054.32 million from negative PKR 1,027.55 million.
👎 Revaluation surplus on property and equipment decreased marginally to PKR 15.89 million from PKR 16.09 million

🎯 Investment Thesis

SELL. ESBL’s financial performance is deteriorating, with widening losses and declining revenue. The company faces significant financial and operational risks. The current market conditions make it difficult for ESBL to improve its profitability in the near term. The price target is set at PKR 8.00, reflecting a discount to book value, over a time horizon of 6-12 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements CLOV Signal: BUY

📈 CLOV: BUY Signal (8/10) – AGM Voting Execution Report

⚡ Flash Summary

Clover Pakistan Limited’s AGM held on October 28, 2025, involved voting on a special business resolution regarding the acquisition of Company Owned Company Operated (COCO) Filling/Service Stations from its parent company, Fossil Energy (Private) Limited. The voting was conducted through in-person and e-voting, with the total number of shares/votes held being 12,412,630. The resolution passed with overwhelming support, as 12,404,147 votes were cast in favor, representing 99.9317% of the total votes cast. This indicates strong shareholder approval for the proposed acquisition.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ The AGM took place on October 28, 2025.
🗳️ Voting methods included both in-person and e-voting.
🤝 The primary resolution involved the acquisition of COCO filling stations from Fossil Energy (Private) Limited.
🏢 Total shares/votes held amounted to 12,412,630.
👍 A total of 12,404,147 votes were cast in favor of the resolution.
👎 Only 8,483 votes were cast against the resolution.
💯 The resolution passed with 99.9317% of votes in favor.
💼 The board is authorized to negotiate and finalize the acquisition terms.
📜 The acquisition will be undertaken on an arm’s length basis, adhering to industry practices.
✍️ Directors and officers are authorized to execute necessary documents for the acquisition.
🏢 Acquisition involves all Company Owned Company Operated (COCO) Filling / Service Stations

🎯 Investment Thesis

Based on the high approval rate and the potential for increased market presence through acquisition, a BUY rating is suggested. A price target cannot be accurately determined without detailed financial information on the deal. The time horizon is medium-term (12-18 months), allowing time for the acquisition to integrate and show results.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements ILP Signal: BUY

📈 ILP: BUY Signal (8/10) – Presentation of Corporate Briefing Session (CBS) 2025

⚡ Flash Summary

Interloop Limited’s Corporate Briefing Session 2025 highlights a company with a strong emphasis on sustainable and ethical practices. The company has a diverse product mix, including hosiery, denim, apparel, and activewear. The company has shown sales growth with a CAGR of 33% in PKR and 16% in USD since 2021. ILP’s Sales have grown at a 4-year CAGR of 33%, and in FY’25, their multi-category strategy led them to achieve a staggering 11% YoY surge.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🌎 Interloop is committed to being an agent of positive change with ethical and sustainable business practices.
🏭 The company has a large production capacity, including 753 million pairs of socks, 9.5 million denim garments, 34 million apparel garments, and 7.6 million activewear garments.
🇵🇰 Interloop is Pakistan’s largest listed apparel company on the PSX.
📈 The company’s sales have grown with a CAGR of 33% in PKR term and 16% in USD term since 2021.
🏆 Interloop received the Environmental Excellence Award by Adidas.
🏆 Interloop’s Sock lab awarded at ISPO Tex Trends FW 2026/27, Munich.
💻 Enhanced ERP & MES systems, embedded Al & digital tools, strengthened IT governance.
🌱 Interloop is focused on responsible manufacturing, meeting high standards of environmental and social performance.
⚡ Installed solar capacity 17.3 MW, with the goal to reach 25 MW by 2025-26.
🤝 Honored to be part of Nike’s 15-member Supplier Sustainability Council (SSC).
🚀 Apparel expansion: Plants operating with an annual capacity of ~34 million pieces.

🎯 Investment Thesis

Interloop Limited presents a compelling investment opportunity due to its strong sales growth, capacity expansion, and commitment to sustainability. While recent profitability has declined, the company’s strategic initiatives and multi-category approach position it for future success. BUY. The company is dedicated to increasing capacity.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements CLOV Signal: BUY

📈 CLOV: BUY Signal (8/10) – Minutes of Annual General Meeting

⚡ Flash Summary

The minutes from Clover Pakistan Limited’s 39th Annual General Meeting, held on October 28, 2025, cover several key resolutions. These include the adoption of the prior meeting’s minutes, approval of the audited financial statements for the year ended June 30, 2025, and the reappointment of Messrs. Reanda Haroon Zakaria Aamir Salman Rizwan & Company as auditors for the financial year ending June 30, 2026. Most significantly, the shareholders approved the acquisition of all Company-Owned, Company-Operated (COCO) filling/service stations from Fossil Energy (Private) Limited, the parent company. This acquisition is expected to enhance Clover Pakistan’s strategic control and operational efficiency in the energy retail sector.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Adoption of minutes from the 38th AGM held on September 30, 2024.
✅ Approved audited financial statements for the year ended June 30, 2025.
✅ Re-appointment of Messrs. Reanda Haroon Zakaria Aamir Salman Rizwan & Company as auditors for the financial year ending June 30, 2026.
🤝 CEO authorized to fix auditor remuneration.
🏢 Approved acquisition of all Company Owned Company Operated (COCO) Filling / Service Stations from Fossil Energy (Private) Limited (FEPL).
⛽ Acquisition includes stations under construction.
💼 Acquisition to be conducted at arm’s length and in accordance with industry practices.
📝 Board authorized to negotiate, finalize, and execute acquisition terms.
🌱 Acquisition supports operational expansion and vertical integration goals.
🚀 Management delegated authority to acquire future COCO sites from FEPL as they become available.
🗓️ Adoption of minutes from the Extra Ordinary General Meeting (EOGM) held on April 21, 2025.
🤝 Directors and officers authorized to take necessary actions for resolutions.
📜 All resolutions carried unanimously.

🎯 Investment Thesis

Based on the information, a cautiously optimistic BUY recommendation is warranted, predicated on the successful integration of the FEPL COCO sites and the achievement of projected synergies. The strategic acquisition signals a move towards greater operational control and potential revenue growth. However, a comprehensive financial analysis and due diligence are necessary to confirm the investment thesis fully. A price target cannot be accurately set without financial projections, but assuming successful integration and synergy realization, a 15-20% upside is plausible over a medium-term horizon.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements DADX Signal: SELL

📉 DADX: SELL Signal (8/10) – Financial Results for the 1st Quarter Ended September 30, 2025

⚡ Flash Summary

Dadex Eternit Limited reported a loss for the first quarter ended September 30, 2025. Sales decreased compared to the same period last year, and the company experienced a gross loss. This resulted in a net loss, and a negative earnings per share. The company faces challenges in profitability amid declining revenues, requiring strategic adjustments.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales decreased to PKR 205.7 million, a 7.7% decrease from PKR 222.9 million in Q1 2024.
💔 Gross profit turned into a loss of PKR 14.8 million, compared to a profit of PKR 0.9 million in Q1 2024.
😫 Operating loss increased to PKR 47.6 million from PKR 53.1 million year-over-year.
💸 Finance costs decreased to PKR 22.5 million from PKR 36.9 million year-over-year.
⛔ Net loss widened to PKR 75.6 million from PKR 95.5 million year-over-year.
📉 Earnings per share (EPS) stood at negative PKR 7.03, compared to negative PKR 8.88 in Q1 2024.
💰 Cash generated from operations was PKR 29.0 million vs (PKR 14.2 million) in Q1 2024.
💸 Net cash from operating activities decreased to PKR 8.3 million from PKR 12.6 million year-over-year.
🚧 Capital expenditure amounted to PKR 4.6 million.
🏦 Cash and cash equivalents decreased to negative PKR 624.7 million.
⚠️ Trade debts increased to PKR 15.5 million vs PKR 10.4 million as of June 30, 2025.
库存 Stock in trade decreased to PKR 139.1 million from PKR 175.4 million as of June 30, 2025.
Liabilities against assets subject to finance lease stayed consistent at PKR 1.5 million.
🚫 No cash dividend, bonus shares, or right shares were recommended.

🎯 Investment Thesis

SELL. The company’s declining revenue, gross losses, and continued net losses make it an unattractive investment at this time. A price target cannot be reasonably established due to the current negative financial performance. Time horizon: Near term (3-6 months) until significant restructuring or turnaround.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements ELCM Signal: SELL

📉 ELCM: SELL Signal (8/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Elahi Cotton Mills Limited reports a challenging first quarter for 2025, with a turnover of Rs. 253.126 million, a decrease of 5.20% compared to Rs. 266.300 million in the same period last year. The company experienced a loss after tax of Rs. 3.564 million, a significant downturn from a profit of Rs. 10.050 million in 2024. This loss is attributed to decreased rates of finished goods, and management anticipates unfavorable conditions in the next quarter due to reduced demand. The loss per share stands at Rs. 2.74, and the directors do not recommend any dividend or bonus shares.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

📉 Revenue decreased by 5.20%, from Rs. 266.300 million to Rs. 253.126 million.
⬆️ Cost of sales increased slightly by 0.70%, from Rs. 247.018 million to Rs. 248.750 million.
⚠️ The company incurred a loss before taxation of Rs. 0.400 million, compared to a profit of Rs. 14.521 million in the same quarter last year.
💸 Loss after tax amounted to Rs. 3.564 million, a stark contrast to the profit of Rs. 10.050 million in the previous year.
📉 Loss per share is Rs. 2.74, a significant drop from an EPS of Rs. 7.73 last year.
🚫 No cash dividend or bonus shares are recommended by the directors.
🏭 The company’s primary business is manufacturing and selling pure polyester yarn.
📉 Management expects continued unfavorable conditions due to reduced demand from the value-added textile industry.
📊 Total Assets increased from Rs. 276,533,287 to Rs. 288,791,417.
📉 Accumulated loss increased from (Rs. 58,732,763) to (Rs. 61,688,907).
💰 Cash and cash balances decreased slightly from Rs. 10,159,419 to Rs. 9,949,003.
📉 Operating (Loss)/profit shows a significant decrease, from profit of Rs. 14,506,555 to a loss of (Rs. 385,959).
🚫 Company authorized for issue on 28.10.2025 by the Board of Directors.
💼 Staff retirement benefits (gratuity) increased from Rs. 38,635,595 to Rs. 41,351,105.

🎯 Investment Thesis

Based on the current financial performance, a SELL recommendation is warranted. The significant decrease in revenue and transition to a loss position, along with unfavorable expectations for the next quarter, indicate substantial challenges. Until a clear turnaround strategy is implemented and shows tangible results, investing in Elahi Cotton Mills Limited carries high risk. A realistic price target cannot be provided until profitability is restored, and the time horizon for potential recovery is uncertain.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements IMS Signal: BUY

📈 IMS: BUY Signal (8/10) – Financial result for the Quarter Ended 30-09-2025

⚡ Flash Summary

Intermarket Securities Ltd. reported a strong first quarter for 2025, with a significant increase in operating revenue and profit after taxation. Operating revenue increased to Rs 394.08 million from Rs 295.32 million in the same quarter last year. Profit after taxation nearly doubled, reaching Rs 209.84 million compared to Rs 103.86 million in 2024. This growth is primarily driven by higher income from investments and effective cost management.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Operating revenue surged to Rs 394.08 million, a 33.44% increase from Rs 295.32 million in Q1 2024.
💰 Income from investments significantly rose to Rs 58.68 million, compared to Rs 21.69 million year-over-year.
✅ Profit after taxation almost doubled to Rs 209.84 million, up from Rs 103.86 million.
💲 Earnings per share (EPS) increased to Rs 0.16 from Rs 0.10.
📉 Finance costs decreased from Rs 40.25 million to Rs 17.43 million, indicating better financial management.
📊 Administrative expenses increased to Rs 216.55 million from Rs 153.08 million in the comparative period.
🏦 Cash and bank balances increased substantially to Rs 995.42 million from Rs 170.32 million.
⚠️ Trade debts decreased from Rs 940.09 million to Rs 717.14 million.
💡 Receivable against margin financing significantly increased to Rs 1,133.17 million from Rs 553.73 million.
✔️ Total assets grew to Rs 4,781.06 million from Rs 3,362.26 million.
liabilities also increased to Rs 2,960.53 million from Rs 1,748.68 million.

🎯 Investment Thesis

BUY. Intermarket Securities presents a compelling investment opportunity based on its strong Q1 2025 results. The significant growth in revenue, profitability, and cash balances indicates a positive trajectory. The decreased finance costs and improved EPS further support the investment thesis. The price target is Rs 2.00, based on a projected P/E ratio of 12x and an EPS of Rs 0.16 over the next 12 months. The time horizon is medium-term, with expectations of continued growth and improved financial performance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements ESBL Signal: SELL

📉 ESBL: SELL Signal (8/10) – Transmission of Quarterly report for the period ended Sep 30, 2025

⚡ Flash Summary

Escorts Investment Bank Limited reported a challenging quarter ending September 30, 2025. The bank experienced a significant decline in total income, falling to Rs. 16.38 million from Rs. 30.77 million in the same period last year, a decrease of 46.7%. This decline is primarily attributed to lower returns on financing and investment activities. Consequently, the bank incurred a net loss after tax of Rs. 26.97 million, a substantial increase from the Rs. 9.37 million loss in the prior year.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Total income decreased significantly by 46.7%, from Rs. 30.77 million to Rs. 16.38 million.
⬆️ Operating expenses increased slightly by 4.1%, from Rs. 39.01 million to Rs. 40.60 million.
❗️ Loss before tax surged by 195%, increasing from Rs. 9.05 million to Rs. 26.79 million.
❗️ Net loss after tax rose sharply by 188%, from Rs. 9.37 million to Rs. 26.97 million.
❗️ Loss per share increased by 17.6%, from Rs. (0.17) to Rs. (0.20).
💰 Administrative expenses increased to Rs. 39.69 million, a 6% rise compared to Rs. 37.45 million in Sep 2024.
📉 Cost-to-income ratio worsened due to reduced income and sustained expenses.
🏢 Management plans to close two non-performing branches.
Staff payroll reduced to Rs. 5.8M from Rs. 7.6M, starting September 25, 2025.
💻 Emphasis on cost optimization, digital transformation, and diversification of income sources continues.
🏦 The bank is actively negotiating annual fees and subscriptions to reduce costs.
🌱 Focus remains on improving operational efficiency and exploring fee-based revenue channels.
💪 Strategic measures are being reviewed to enhance capital adequacy and shareholder value.
🏦 Acknowledgment of the Board’s appreciation to shareholders, clients, employees, and regulatory authorities.

🎯 Investment Thesis

Based on the reported results, a SELL recommendation is warranted. The significant decline in income, increased losses, and operational challenges indicate a deteriorating financial position. While management is taking steps to address these issues, the near-term outlook remains uncertain. A turnaround will take time and is dependent on successful implementation of strategic measures.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements BELA Signal: SELL

📉 BELA: SELL Signal (8/10) – BELA | Bela Automotives Limited Transmission of Quarterly Report for the Period Ended 30-09-2025

⚡ Flash Summary

BELA Automotives Limited reported its unaudited financial results for the first quarter ended September 30, 2025. The company experienced no sales during the period due to the Income Tax Authorities freezing their accounts, which disrupted operations and customer relationships. The Board assessed overall performance as satisfactory despite hurdles from a pending court case and unavailability of funds. The company is facing litigation and adverse CIB reporting, hindering its ability to secure working capital.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

❌ Zero sales reported for the period ended September 30, 2025.
⚠️ Income Tax Authorities froze company’s accounts, impacting operations.
⚖️ Pending litigation in Sindh High Court affects company’s performance.
🏦 Adverse CIB reporting limits access to working capital.
📉 Accumulated loss of (108,990,989) Rupees as of September 30, 2025.
📉 Loss after taxation stood at (4,079,565) Rupees for the quarter.
💸 Finance costs amounted to (2,000,029) Rupees.
📉 Loss per share is (0.70) Rupees.
📉 Net cash used in operating activities is (634,878) Rupees.
👍 Public announcement of intention to acquire 50.02% shares is underway.
✔️ Settlement of long outstanding dispute with Habib Bank Limited (HBL).

🎯 Investment Thesis

SELL. Given the zero revenue, persistent losses, pending litigation, and operational disruptions, an investment in BELA Automotives Limited is highly speculative and carries significant risk. While the potential acquisition of shares might introduce some value, the current financial situation doesn’t warrant a positive outlook. There is no justification for a price target until operations stabilize and revenue is generated. A long-term turnaround strategy would be needed for a neutral investment outlook.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements SHDT Signal: BUY

📈 SHDT: BUY Signal (8/10) – Transmission of Quarterly Report for the Period Ended September 30, 2025

⚡ Flash Summary

Shadab Textile Mills Limited announced its unaudited financial results for the first quarter ended September 30, 2025. The company reported a significant turnaround in profitability, with a profit after tax of Rs. 88.805 million compared to Rs. 35.377 million in the same period last year. Total net sales increased by 12.65% to Rs. 2,154.417 million. The company’s earnings per share (EPS) also improved substantially, reaching Rs. 5.35 compared to Rs. 2.13 in the prior year’s quarter. This improved performance was driven by various factors, including a stable exchange rate and effective management of short-term borrowings.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Profit after tax surged to Rs. 88.805 million, a significant increase from Rs. 35.377 million last year.
📈 Net sales grew by 12.65%, reaching Rs. 2,154.417 million compared to Rs. 1,912.508 million.
💰 Earnings per share (EPS) jumped to Rs. 5.35 from Rs. 2.13 in the same period last year.
💹 Positive performance attributed to stable exchange rates and effective management of short-term borrowings.
⚡ Company completed a 2.875 MW solar system to mitigate energy cost pressures and reduce production costs.
🏭 Plans to enhance solar capacity and undertake BMR of existing facilities at Unit 1 to improve operational efficiency.
🌱 Expansion at Unit 2 planned to increase production capacity and market share.
⚠️ Recent floods in Pakistan may adversely affect the cotton crop and the spinning sector.
🤝 Company hopes for government support through reduced utility tariffs and financing for renewable energy initiatives.
🏦 Counter guarantees of Rs. 99.996 million issued to Sui Northern Gas Pipelines Limited and Lahore Electric Supply Company.
🏗️ Non-capital expenditure commitments amount to Rs. 287.293 million.
👨‍💼 Remuneration/meeting fee paid to major shareholders and directors amounts to Rs. 1.725 million.
🤝 Sponsor loan balance is Rs. 390.673 million.
💵 Salaries and benefits for key management personnel (other than directors) are Rs. 9.717 million.

🎯 Investment Thesis

Shadab Textile Mills is a BUY due to its significant turnaround in profitability, strong sales growth, and improved EPS. The company’s proactive measures to mitigate energy costs through solar investments and planned BMR activities should further enhance operational efficiency. However, keep an eye on cotton crop and regulatory changes. Price Target: Rs. 75. Time Horizon: Medium Term

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

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