Strength-8 - FoxLogica

📉 CASH: SELL Signal (8/10) – Financial Results for the Quarter ended September 30, 2025

⚡ Flash Summary

Calcorp Limited reported its financial results for the first quarter ended September 30, 2025. The company experienced a loss before and after taxation of PKR 1,052,316 compared to a profit of PKR 6,159,815 in the same quarter last year. Consequently, the company reported a loss per share of PKR 0.10, a stark contrast to the earnings per share of PKR 0.38 in the corresponding period of 2024. The financial statements indicate a downturn in profitability, driven by a decrease in operating performance.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Calcorp reported a loss before taxation of PKR 1,052,316 for Q1 2025, compared to a profit of PKR 6,159,815 in Q1 2024.
📉 The company’s loss per share is PKR 0.10 for Q1 2025 versus earnings per share of PKR 0.38 for Q1 2024.
💰 Cash and bank balances decreased from PKR 312,570,726 as of June 30, 2025, to PKR 312,093,750 as of September 30, 2025.
🚫 The company did not declare any cash dividend, bonus shares, or right shares for the quarter.
📉 Total comprehensive loss for the period is PKR 1,052,316 compared to a total comprehensive income of PKR 4,049,755 in the same quarter last year.
⚠️ Operating expenses remained significant at PKR 1,052,316.
📉 Cash flow from operations resulted in an outflow of PKR 476,861 compared to an inflow of PKR 14,550,678 in the prior year.
📉 Net decrease in cash and cash equivalents amounted to PKR 476,976.

🎯 Investment Thesis

SELL. The company’s financial performance has declined significantly, as indicated by its swing to a loss and negative cash flows. The absence of dividends and operational inefficiencies increase the risks associated with investing in Calcorp. Based on current trends, a price target reflecting the negative performance is warranted with a short-term horizon.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: BUY

📈 NETSOL: BUY Signal (8/10) – Material Infromation

⚡ Flash Summary

NETSOL Technologies has secured a landmark agreement with the Government of Khyber Pakhtunkhwa, Pakistan, valued at over PKR 500,000,000. This project, funded by the World Bank, marks the commencement of the next phase of the province’s Paperless Government Project, building on the successes of Phase I. The initiative aims to scale automation and secure inter-agency integrations, promising faster decisions and enhanced audibility across government operations. This development signifies a step forward in digital governance, promoting transparency and efficiency through fewer manual processes and auditable decision trails.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🤝 NETSOL Technologies signs agreement with Khyber Pakhtunkhwa government.
💰 Project is valued at over PKR 500,000,000.
🏦 Funding provided by the World Bank.
🚀 Phase II of the Paperless Government Project begins.
✅ Builds on the success of Phase I’s digitization efforts.
🤖 Aims to scale automation across government agencies.
🔒 Focus on secure inter-agency integrations.
⚡️ Promises faster decision-making processes.
🔍 Enhances audibility of government operations.
✨ Reduces manual touchpoints in governance.
🎯 Emphasizes transparent and accountable government processes.
🌍 Contributes to digital governance advancement.
🌱 Expected to improve service delivery.

🎯 Investment Thesis

BUY. NETSOL’s successful acquisition of this major government project indicates strong capabilities and potential for future growth. The project’s focus on digital transformation aligns with broader market trends, making NETSOL an attractive investment. Price Target: PKR 300 (based on estimated revenue impact and sector multiples), Time Horizon: Medium Term (12-18 months). The successful execution of this project should drive revenue growth and enhance NETSOL’s market position.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements MUBT Signal: SELL

📉 MUBT: SELL Signal (8/10) – Financial Results for the Quarter Ended 30.09.2025

⚡ Flash Summary

MUBT has reported a loss for the quarter ended September 30, 2025, contrasting with a smaller loss in the same period last year. The company’s operating loss is primarily driven by administrative and general expenses. Despite a slight increase in other income, the company’s overall profitability has declined, leading to a negative EPS. The balance sheet shows a marginal decrease in shareholders’ equity compared to the previous quarter, while cash and bank balances have significantly decreased.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

❌ MUBT reported a net loss after taxation of PKR (985.434) million for the quarter ended September 30, 2025, compared to a loss of PKR (390.534) million in the same quarter last year.
📉 Loss per share (LPS) has worsened to PKR (0.18) compared to PKR (0.07) in the corresponding quarter of the previous year.
⚠️ Operating loss stood at PKR (3.231) million for the quarter ended September 30, 2025, unchanged from PKR (2.669) million in the same quarter last year.
⬆️ Other income increased slightly from PKR 2.532 million to PKR 2.496 million.
💸 Administrative and general expenses remained constant at PKR 3.231 million.
🏦 Cash and bank balances decreased significantly to PKR 350.875 million from PKR 1.198 million in June 2025.
📉 Total assets decreased marginally from PKR 275.153 million to PKR 274.447 million.
📉 Shareholder’s equity decreased from PKR 219.557 million to PKR 218.571 million.
⚠️ The company faces a substantial unappropriated loss of PKR (87.928) million.
✅ Surplus on revaluation of property is PKR 252.499 million.
👍 Long-term deposits remain stable at PKR 2.508 million.
📊 No sales/processing receipts reported for the quarter.
➖ No cost of goods sold reported for the quarter.

🎯 Investment Thesis

SELL. The company’s continued losses, decreasing cash reserves, and lack of revenue generation make it a risky investment. The absence of positive earnings and negative EPS do not provide a basis for a BUY or HOLD recommendation. Price target: Significantly lower than current levels, given the lack of profitability. Time horizon: Short to medium term, as the company needs to demonstrate significant improvements to justify a change in recommendation.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GSPM Signal: SELL

📉 GSPM: SELL Signal (8/10) – Transmission of Quarterely Accounts for the Period Ended 30.09.2025

⚡ Flash Summary

Gulshan Spinning Mills Limited reported a net loss of PKR 3.441 million for the quarter ended September 30, 2025, a significant increase from the loss of PKR 97,296 in the same quarter last year. The company’s financials indicate ongoing challenges as it navigates a Scheme of Arrangement to settle financial liabilities. With no sales reported for the period, the company’s ability to generate revenue remains a critical concern. The focus is now on implementing the Scheme of Arrangement and resolving pending litigation to restructure its operations and improve its financial position.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

⚠️ Net loss significantly increased to PKR 3.441 million compared to PKR 97,296 last year.
📉 No sales reported for the quarter ended September 30, 2025.
💼 Operating loss stood at PKR 3.440 million, indicating operational inefficiencies.
🏛️ Company is operating under a Scheme of Arrangement sanctioned by the Sindh High Court.
🏦 The Scheme aims to settle financial liabilities through the sale of charged assets.
⚖️ Pending litigation with financial institutions is expected to be withdrawn under the Scheme.
📉 Value of assets has depreciated considerably due to cessation of operations.
💰 Cash flow from operations is negative, at PKR (3.811) million.
💸 Negative earnings per share (EPS) of PKR (0.15).
🧾 Administrative expenses were PKR 3.445 million.
💸 Cash and bank balances decreased slightly from PKR 16.275 million to PKR 16.145 million.
liabilities of PKR 2.85 billion payable to banking companies under scheme of arrangement.

🎯 Investment Thesis

Given the current financial state and operational challenges, a SELL recommendation is warranted. The company’s lack of revenue, increasing losses, and dependence on a Scheme of Arrangement make it a high-risk investment with limited potential for near-term recovery. The focus on asset disposal rather than operational turnaround further reduces the attractiveness of the stock. There is no calculation as to price target.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GAMON Signal: SELL

📉 GAMON: SELL Signal (8/10) – Transmission of Quarterly Report (Q1 – 2026) for the Period Ended September 30, 2025

⚡ Flash Summary

GAMMON Pakistan Limited reported a challenging first quarter for 2026, with no contract revenue recorded. The company experienced a net contract loss of PKR 218,070, worsening from PKR 196,996 in the same period last year. The loss before taxation was PKR 5,549,083, compared to a profit of PKR 1,607,133 last year. Despite a reduction in taxation expenses, the company posted a loss after tax of PKR 5,649,083, a significant downturn from the profit of PKR 1,333,920 in the corresponding period of 2024.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

⛔️ No contract revenue was recorded during Q1 2026.
📉 Net contract loss increased to PKR 218,070 from PKR 196,996 YoY.
⚠️ Loss before taxation amounted to PKR 5,549,083, compared to a profit of PKR 1,607,133 last year.
💸 Taxation expenses decreased to PKR 100,000 from PKR 273,213 YoY.
❗️ Loss after tax was PKR 5,649,083, a sharp decline from the profit of PKR 1,333,920 last year.
🇵🇰 Economic environment in Pakistan remains difficult for the construction sector due to inflation and limited government spending.
🚧 Political and business climate uncertainty has slowed down private and public investment.
🔍 Management is actively pursuing available opportunities and focusing on improving operational efficiency.
💰 Partial recovery of outstanding receivables from the Maritime Technologies Complex (MTC) project achieved.
📑 Efforts continue for the settlement of remaining dues and final billing for the Old Bannu Road (OBR) project.
💼 The company is hopeful for a gradual revival of business activity with government concern over economic slowdown.
🎯 Focus remains on identifying and securing viable projects despite financial constraints.
🤝 The Board acknowledges the efforts of management, engineers, and employees, extending gratitude to bankers, clients, and suppliers.

🎯 Investment Thesis

Given the significant losses, lack of revenue, and challenging economic conditions, a SELL recommendation is warranted. The company’s turnaround is highly uncertain, and the current financial metrics do not support a positive investment outlook. Management’s efforts to improve operational efficiency and recover receivables are not yet translating into improved financial performance, making it a high-risk investment with limited potential for near-term gains. Price movement is estimated to decline.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements PASM Signal: SELL

📉 PASM: SELL Signal (8/10) – Financial Results for the Quarter Ended 30.09.2025

⚡ Flash Summary

Paramount Spinning Mills Limited reported a challenging first quarter ended September 30, 2025, with a significant loss. The company’s sales were nil, resulting in a gross loss. Administrative expenses and finance costs further contributed to a substantial loss from operations and after taxation. There were no dividends, bonus shares, or right shares recommended by the board.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales were NIL for the quarter ended September 30, 2025, compared to an unquantified amount in 2024.
⚠️ The company reported a gross loss, indicating production costs exceeded sales.
🏢 Administrative expenses were (PKR 1,842,650), a significant increase from (PKR 295,361) in 2024.
💰 Other income was PKR 10,189, substantially lower than PKR 510,243 in 2024.
💔 The loss from operations was (PKR 1,832,461), compared to a profit of PKR 214,882 in 2024.
💸 Finance costs decreased slightly to (PKR 1,021) from (PKR 1,972) in 2024.
⛔️ The loss before taxation was (PKR 1,833,482), compared to a profit of PKR 212,910 in 2024.
📉 Loss after taxation was (PKR 1,833,482), compared to a profit of PKR 212,910 in the same quarter last year.
📉 Earnings per share (basic and diluted) were (PKR 0.11), a decrease from PKR 0.01 in 2024.
🚫 No cash dividend, bonus shares, or right shares were recommended.
🏦 Cash and bank balances decreased to PKR 4,508,360 from PKR 8,381,717 since June 30, 2025.
负 Accumulated losses increased to (PKR 1,375,512,682) from (PKR 1,373,679,200) since June 30, 2025.
⚠️ Total assets decreased to PKR 23,097,706 from PKR 26,009,026 since June 30, 2025.

🎯 Investment Thesis

Given the severe financial losses, lack of revenue, and increasing accumulated losses, a SELL recommendation is warranted. The company faces significant challenges in its operations and financial management. There is no clear indication of a turnaround strategy, and the current financial condition suggests a high probability of further deterioration. A price target cannot be reasonably established due to the lack of positive financial performance, the time horizon is short term.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements PASM Signal: SELL

📉 PASM: SELL Signal (8/10) – Transmission of Quarterly Report for the Period Ended 30.09.2025

⚡ Flash Summary

Paramount Spinning Mills Limited reported a loss of PKR 1.833 million for the quarter ended September 30, 2025, compared to a profit of PKR 212,910 in the same period last year. The company’s operations have been realigned following the implementation of a scheme of arrangement under which all assets were sold. The Board remains focused on delivering commercial trading and other services to sustain the business. There were no sales or cost of sales during the period.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Loss after taxation stood at PKR 1.833 million for Q1 2025, a stark contrast to the PKR 212,910 profit in Q1 2024.
🚫 Zero sales reported for the quarter ended September 30, 2025, indicating a significant operational change.
🏢 Administrative expenses were PKR 1.843 million, a significant increase from PKR 295,361 in the prior year.
🏦 Finance costs decreased to PKR 1,021 from PKR 1,972 year over year.
💸 Cash used in operating activities amounted to PKR 2.223 million compared to cash generated of PKR 3.687 million in Q1 2024.
💼 A scheme of arrangement has been implemented, involving the sale of company assets by an asset sale committee.
🔄 Operations have been realigned to focus on commercial trading and other services.
📉 Accumulated loss increased from PKR 1.374 billion as of June 30, 2025 to PKR 1.376 billion as of September 30, 2025.
💰 Cash and bank balances decreased from PKR 8.382 million to PKR 4.508 million.
liabilities including loans from associates and other parties have decreased to PKR 578.545 million from PKR 580.195 million QoQ.
👍 The board acknowledges the efforts and commitment of its employees during this tough time.

🎯 Investment Thesis

Given the current financial performance and ongoing realignment, a SELL recommendation is warranted. The company’s transition phase is fraught with risks, and there is no clear evidence of a successful turnaround. Investors should avoid the stock until there is greater clarity on the company’s ability to generate sustainable revenue and profit from its realigned operations.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GAMON Signal: SELL

📉 GAMON: SELL Signal (8/10) – Transmission of Quarterly Report (Q1 – 2026) for the Period Ended September 30, 2025 REVOKED

⚡ Flash Summary

Gammon Pakistan Limited reported a significant net contract loss of PKR 218,070 for the quarter ended September 30, 2025, compared to a loss of PKR 196,996 in the same period last year. No contract revenue was recorded during the quarter, reflecting the challenging economic environment in Pakistan’s construction sector. The company’s loss before taxation widened to PKR 5,549,083 from a profit of PKR 1,607,133 in the previous year. Despite these challenges, management remains focused on securing viable projects and improving operational efficiency. Recovery efforts are ongoing for outstanding receivables from the Maritime Technologies Complex (MTC) project.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

⛔️ No contract revenue recorded in Q1 2026.
📉 Net contract loss increased to PKR 218,070.
😟 Loss before taxation widened to PKR 5,549,083.
⚠️ Economic environment remains challenging for construction sector.
🏛️ Limited development spending by the Government.
❗ Political and business climate uncertainty slowing down investments.
🔍 Management focusing on available opportunities and operational efficiency.
✅ Partial recovery of outstanding receivables from Maritime Technologies Complex (MTC) project.
⏳ Pursuing recovery and final billing for the Old Bannu Road (OBR) Structure and Bridges Project.
💰 Efforts continue to improve liquidity position.
🤞 Management hopeful for gradual revival of business activity.
🎯 Company focusing on identifying and securing viable projects.

🎯 Investment Thesis

Based on the current financial performance and challenging outlook, a SELL recommendation is warranted. The company’s inability to generate revenue, increasing losses, and uncertain economic environment pose significant risks. While management is focused on recovery, the near-term prospects appear weak. Price target: 5.00 PKR. Time horizon: MEDIUM_TERM

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements ASC Signal: SELL

📉 ASC: SELL Signal (8/10) – Financial Results for the Quarter Ended 2025-09-30

⚡ Flash Summary

Al Shaheer Corporation Limited reported financial results for the quarter ended September 30, 2025. The company experienced a slight increase in turnover, but reported a net loss for the period. The Board of Directors did not recommend any cash dividend, bonus shares, or right shares. The negative earnings have continued to erode accumulated profits, with the company’s overall equity position weakening further this quarter.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

❌ Turnover increased slightly to PKR 91.845 million from PKR 88.197 million in the same quarter last year.
📉 Gross loss widened to PKR 100.355 million compared to PKR 72.850 million in Q3 2024.
⚠️ Operating loss worsened to PKR 123.108 million from PKR 108.809 million year-over-year.
💰 Finance costs remained significant at PKR 77.552 million.
💸 Net loss for the period was PKR 201.808 million, nearly double the PKR 109.912 million loss in the prior year.
📉 Loss per share deepened to PKR 0.54 from PKR 0.29 in the corresponding period.
🚫 No cash dividend was recommended by the Board.
🚫 No bonus shares were recommended.
🚫 No right shares were recommended.
📉 Accumulated loss increased to PKR 5,038.261 million from PKR 4,836.453 million as of June 2025.
📉 Total equity decreased to PKR 218.680 million from PKR 420.488 million as of June 2025.
💸 Net cash generated from operating activities increased to PKR 58.986 million from PKR 27.312 million year over year
💸 Net cash used in investing activities increased to PKR (10.515) million from PKR (7.354) million year over year
💸 Net cash used in financing activities increased to PKR (48.400) million from PKR (19.997) million year over year

🎯 Investment Thesis

SELL. The company’s persistent losses, increasing accumulated deficit, and eroding equity base make it a risky investment. There is no clear path to profitability, and the valuation is likely to continue to decline. The price target is substantially lower, reflecting the negative outlook. Any potential turnaround would need to be predicated on substantially improved operational efficiency and revenue generation.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements GOC Signal: BUY

📈 GOC: BUY Signal (8/10) – Transmission of Quarterly Report for the period ended 30-09-2025

⚡ Flash Summary

GOC (Pak) Limited’s unaudited financial results for the quarter ended September 30, 2025, showcase a significant surge in sales and profitability. The company reported a remarkable 117.93% increase in sales, reaching PKR 151.217 million, compared to PKR 69.388 million in the corresponding period. This growth is attributed to the successful shipment of consignments delayed from the previous year. Consequently, the company’s gross profit soared to PKR 51.166 million, up from PKR 21.203 million, and earnings per share reached PKR 2.73, a substantial increase from PKR 0.51.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚀 Sales increased by 117.93% to PKR 151.217 million compared to PKR 69.388 million in the prior year.
💰 Gross profit surged to PKR 51.166 million from PKR 21.203 million, showcasing improved operational efficiency.
📈 Earnings per share (EPS) significantly increased to PKR 2.73 from PKR 0.51.
📦 Sales growth primarily driven by delayed shipments from the previous year.
🤝 Share of profit from associated company Grays Leasing decreased to PKR 0.607 million from PKR 1.066 million.
✅ Directors express satisfaction with the company’s current performance and future prospects.
🤝 Board acknowledges shareholders, customers, and employees for their contributions.
📊 Total Assets increased to PKR 757.270 million from PKR 769.861 million as of June 30, 2025.
🧾 Non-Current Assets decreased to PKR 182.087 million from PKR 182.432 million.
💸 Current Assets decreased to PKR 575.182 million from PKR 587.428 million.
liabilities decreased to PKR 59.476 million from PKR 92.591 million.
Equity increased to PKR 697.793 million from PKR 677.269 million.
Other investment Fair value increased to PKR 1.046 million from PKR 572 million.

🎯 Investment Thesis

BUY: GOC presents a compelling investment opportunity due to its strong sales growth, improved profitability, and efficient management. With a price target of PKR 3.50 (based on a conservative 20x multiple on the current EPS), the investment horizon is medium-term, expecting the company to sustain its growth trajectory.

View Original PDF

Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

+ More