Strength-8 - FoxLogica

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

⚡ Flash Summary

JS Global Capital Limited’s report for the nine months ended September 30, 2025, reveals a strong performance. The company’s profit after tax surged to PKR 429.95 million, a notable increase from PKR 227.22 million in the same period last year, with earnings per share rising from Rs. 8.27 to Rs. 15.65. This growth was supported by a significant increase in operating revenue, which grew by 68.1% to PKR 1,365 million, driven primarily by equity brokerage. The KSE-100 Index closed at a record high of over 165,000 points in September 2025 with the Company focused on optimizing revenue generation and rationalizing costs.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚀 **Record High Index**: KSE-100 Index soared to over 165,000 points in September 2025.
📈 **Revenue Surge**: Operating revenue jumped by 68.1% to PKR 1,365 million.
💰 **Profit Growth**: Profit after tax skyrocketed to PKR 429.95 million from PKR 227.22 million YoY.
⭐ **EPS Increase**: Earnings per share rose to Rs. 15.65 from Rs. 8.27 YoY.
🏦 **Brokerage Boost**: Equity brokerage remained the major contributor to operating revenue.
🌍 **Global Recognition**: KSE-100 emerged as Asia’s top-performing equity market in September 2025.
📊 **Turnover Increase**: Average daily turnover in 3QCY25 increased 93% YoY in volume.
💹 **Cost Management**: JS Global aims to balance revenue growth with cost rationalization.
🇵🇰 **Forex Reserves**: Pakistan’s foreign exchange reserves increased to USD 14.83 billion.
🥇 **Digital Enhancement**: Planned improvements for digital trading platforms using AI and automation.
🤝 **Strong Relationships**: Improved geopolitical ties between Pakistan, the US, and Saudi Arabia.
🌱 **Product Diversification**: Focus on expanding into fixed income, structured products, and sustainable investments.
🌐 **Strategic Growth**: Commitment to client-centric solutions for market share and expansion.
✔️ **Stable Liquidity**: SBP maintained policy rate at 11%, ensuring stable money market conditions.
🌾 **Commodities Volatility**: Global commodity markets experienced heightened volatility.

🎯 Investment Thesis

BUY. JS Global Capital Limited is a compelling investment opportunity due to its strong financial performance, increasing market share, and strategic initiatives. The company’s focus on digital transformation and product diversification positions it well for future growth. The price target is set at PKR 65.00, based on a forward P/E multiple of 15x, applied to the forecasted EPS of PKR 4.33 over the next 12 months. The time horizon is medium-term, anticipating continued growth and market leadership.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: BUY

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

⚡ Flash Summary

Nimir Industrial Chemicals Limited reported a strong first quarter for 2025, with a significant improvement in its bottom line. Profit after tax (PAT) increased by 68% compared to the same period last year, driven by enhanced operational efficiencies and reduced financial costs. The company’s top line also grew by 13%, indicating a robust market presence. The Board has recommended an interim cash dividend of Re. 1 per share (10%) for the quarter.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Profit After Tax (PAT) surged by 68% compared to the same quarter last year.
💰 Earnings Per Share (EPS) increased from Rs. 2.72 to Rs. 4.55.
🚀 Revenue grew by 13% during the quarter.
✅ The Board recommended an interim cash dividend of Re. 1 per share (10%).
⚙️ Enhanced operational efficiencies contributed to the improved bottom line.
📉 Reduction in financial costs further boosted profitability.
🌐 Company’s top line reflects a strong market presence.
💪 Improvement in macroeconomic indicators is expected to drive demand.
📉 Anticipated decline in inflation and interest rates is expected to reduce financing costs.
🌱 Commitment to operational excellence and sustainable growth.
🏦 Gross Sales increased from Rs 12,981 million to Rs 14,667 million.
👍 Operating profit amounted to Rs 1,246 million compared to Rs 1,256 million last year.
✅ The company holds authorized share capital of Rs 1,450 million.
✔️ Current liabilities decreased by more than 1 million.
💹 Trade and other payables increased from Rs 2,995 million to Rs 4,931 million.

🎯 Investment Thesis

Based on the strong quarterly performance, I recommend a BUY rating for Nimir Industrial Chemicals Limited. The company’s improved profitability, revenue growth, and dividend payout make it an attractive investment. The positive outlook for macroeconomic conditions and reduced financing costs further support this recommendation. Buy because of an impressive growth in profitability and Earnings per share. Additionally, the board recommended dividend for shareholders.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: SELL

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

⚡ Flash Summary

TPL Trakker’s financial results for the quarter ended September 30, 2025, reveal a challenging period. The company experienced a significant decrease in revenue, dropping from PKR 557.36 million to PKR 280.37 million year-over-year. This decline in revenue has led to a substantial loss after taxation of PKR 76.21 million, a stark contrast to the profit of PKR 23.65 million in the same period last year. The company did not declare any cash dividend, bonus shares, or right shares.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Revenue plummeted by approximately 49.7% year-over-year, from PKR 557.36 million to PKR 280.37 million.
❌ Gross profit decreased significantly from PKR 244.16 million to PKR 73.28 million.
❗ Operating profit turned negative, reporting PKR 1.06 million compared to PKR 122.97 million last year.
💸 Finance costs decreased from PKR 108.41 million to PKR 70.47 million.
💔 Loss before taxation was PKR 64.52 million, a considerable shift from a profit of PKR 42.11 million in the prior year.
⛔ Loss after taxation totaled PKR 76.21 million, contrasting with a profit of PKR 23.65 million in the same quarter last year.
📉 Loss per share was PKR 0.41, compared to earnings per share of PKR 0.13 in the previous year.
💵 Cash and bank balances decreased from PKR 125.83 million to PKR 116.24 million.
🚫 No cash dividend, bonus shares, or right shares were declared.
🔻 Total assets decreased slightly from PKR 6,014.12 million to PKR 5,979.32 million.
📉 Total equity decreased from PKR 2,412.35 million to PKR 2,336.14 million.
💸 Cash flows from operating activities turned negative, going from 54.82 million to -36.31 million
💸 Cash flows from investing activities turned negative, going from -7.63 million to -6.55 million
❗ Revenue reserve decreased from PKR 67.03 million to negative PKR 9.18 million

🎯 Investment Thesis

Given the significant decline in financial performance, the ‘SELL’ recommendation is appropriate. The company’s revenue has plummeted, leading to a considerable loss after taxation. Until TPL Trakker demonstrates a clear strategy for revenue recovery and improved profitability, investors should avoid holding the stock. The price target should be revised downwards to reflect the increased risk and uncertainty.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: BUY TRG

📈 TRG: BUY Signal (8/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

TRG Pakistan Limited reported its financial results for the quarter ended September 30, 2025. The company reported a profit after taxation of PKR 6,867.756 million, a significant increase from PKR 2,407.454 million in the same quarter last year. Earnings per share (basic and diluted) stood at PKR 12.59, compared to PKR 4.41 in the corresponding period of 2024. The company did not declare any cash dividend, bonus shares, or right shares for the quarter.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Profit after taxation soared to PKR 6,867.756 million, a substantial increase from PKR 2,407.454 million year-over-year.
💰 Earnings per share (EPS) reached PKR 12.59, significantly higher than PKR 4.41 in the same quarter last year.
🚫 No cash dividend was declared for the quarter ended September 30, 2025.
❌ No bonus shares were announced.
❌ No right shares were proposed.
📊 Operating loss was PKR (191,032) thousand, compared to PKR (135,224) thousand in the prior year.
💼 Share of profit in equity accounted investee increased to PKR 8,304.456 million from PKR 2,992.742 million.
💸 Total comprehensive income was PKR 6,511.648 million compared to PKR 2,308.179 million in the corresponding quarter of 2024.
🏦 Cash and bank balances increased to PKR 34,954 thousand from PKR 27,164 thousand as of June 30, 2025.
📉 Foreign currency translation reserve decreased to PKR 28,494.777 million from PKR 28,850.885 million as of June 30, 2025.
📊 Unappropriated profit increased significantly to PKR 10,496.666 million from PKR 3,628.910 million as of June 30, 2025.
📉 Effect of translation of net investment in foreign associate net of tax reported a loss of PKR (356,108) thousand versus PKR (99,275) thousand last year.

🎯 Investment Thesis

Based on the improved profitability and significant EPS growth, a BUY recommendation is warranted. The company’s strategic investments appear to be paying off, as indicated by the increased share of profit in equity accounted investees. A price target of PKR 150 is set, with a time horizon of 12 months, based on continued earnings growth and potential for further investment gains.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements DCR Signal: BUY

📈 DCR: BUY Signal (8/10) – FINANCIAL RESULTS OF DOLMEN CITY REIT FOR THE QUARTER ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

Dolmen City REIT (DCR) reported strong financial results for the quarter ended September 30, 2025, with distributable profit increasing to PKR 1.385 billion from PKR 1.113 billion in the same period last year. The REIT maintained a high occupancy rate of 98% across its Dolmen Mall Clifton and Harbour Front properties. Earnings per unit (basic and diluted) increased to PKR 0.6229 from PKR 0.5005 year over year. DCR’s Net Asset Value (NAV) stands at PKR 34.40 per unit, with the unit trading at a 6.72% discount.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🎉 Distributable profit increased significantly to PKR 1.385 billion, a notable rise from PKR 1.113 billion in Q1 2024.
🏢 Maintained a high occupancy rate of 98% across Dolmen Mall Clifton and Harbour Front.
📈 Earnings per unit (basic and diluted) surged to PKR 0.6229, compared to PKR 0.5005 in the prior year.
💰 Declared an interim cash dividend of PKR 0.63 per unit for the quarter ending September 30, 2025.
📊 Net Asset Value (NAV) stands at PKR 34.40 per unit.
🛒 Dolmen Mall Clifton’s leasable area is 542,847 sq.ft., with a 97.7% occupancy rate.
🏢 The Harbour Front maintains 100% occupancy across its 257,162 sq.ft. leasable area.
⭐ Total return on investment increased by 3.06x, from 6.91% in Q1 FY2025 to 21.19% in Q1 FY2026.
🛍️ Rental income increased to PKR 1.533 billion from PKR 1.286 billion year-over-year.
📉 Administrative and impairment expenses decreased from PKR 304.922 million to PKR 172.281 million.
Footfall at Dolmen City remained high, averaging between 25,000 to 29,000 customers per day.
✅ Shariah compliance has been confirmed by the Shariah advisor.
⚖️ DCR unit trades at a 6.72% discount to its NAV.
✔️ Weighted Average Lease Expiry (WALE) for Dolmen City Mall is approximately 2.40 years.
🏢 Weighted Average Lease Expiry (WALE) for Harbour Front is approximately 4.13 years.

🎯 Investment Thesis

BUY. Dolmen City REIT presents a compelling investment opportunity due to its strong financial performance, high occupancy rates, and a discounted valuation relative to its NAV. The increase in distributable profit and dividend payout reflects the REIT’s improved operational efficiency and profitability. The robust footfall and strategic location of Dolmen Mall Clifton and Harbour Front position DCR favorably in the competitive real estate market. It is expected that the growth trend to continue as Pakistan’s economy expands.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements LEUL Signal: BUY

📈 LEUL: BUY Signal (8/10) – Transmission of Quarterly Report for the Period Ended 30-09-2025

⚡ Flash Summary

Leather Up Ltd. reports a strong turnaround for the first quarter ended September 30, 2025. The company’s net revenue surged to Rs 25.5 million, a significant increase from Rs 4 million in the same period last year. Net profit after taxation reached Rs 828,168, a stark contrast to the net loss of Rs 127,583 in the prior year. This positive momentum is attributed to enhanced operational efficiencies and strategic market exploration. The management remains committed to maximizing shareholder value amidst global uncertainties.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚀 Revenue increased significantly to Rs 25.5 million from Rs 4 million YoY.
✅ Net profit reached Rs 828,168 compared to a loss of Rs 127,583 YoY.
📈 Basic and diluted profit per share is Rs 0.14 compared to (0.02) YoY.
💰 Cash and bank balances decreased to Rs 1.396 million from Rs 1.921 million from previous quarter.
📊 Stock-in-trade reduced slightly to Rs 10.242 million from Rs 10.342 million from previous quarter.
🧾 Trade and other payables increased drastically to Rs 24.548 million from Rs 3.704 million from previous quarter.
💼 Khalid H. Shah is the Chief Executive Officer, overseeing the company’s operations.
🌍 The company is exploring new markets to support sustainable export growth.
🤝 Worker-management relations are excellent, contributing to improved performance.
👍 Management thanks shareholders for their unwavering trust and support.
🏭 The company’s registered office and factory are located in Karachi.
📅 These financial statements are authorized for issue on October 29, 2025.

🎯 Investment Thesis

BUY, based on the company’s impressive revenue and profit growth, signaling a successful turnaround. However, further investigation into the reasons for cash balance decreasing and significant increase in trade payables is needed. Price target: Rs 0.25, based on potential for sustained profitability and growth, but it is still highly speculative. Time horizon: MEDIUM_TERM, pending further evidence of continued operational improvements and financial stability.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements DCL Signal: SELL

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

⚡ Flash Summary

Dewan Cement Limited reported a challenging first quarter ending September 30, 2025, with a significant loss after taxation of PKR 396.457 million, compared to a loss of PKR 252.173 million in the same quarter last year. Sales increased to PKR 5,590.963 million from PKR 4,820.805 million year-over-year. However, the company experienced a gross loss of PKR 160.757 million, a sharp decline from a gross profit of PKR 296.848 million in the prior year. The loss per share also widened to PKR -0.82 compared to PKR -0.52 in the corresponding period.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Loss after Taxation: Increased significantly to PKR 396.457 million in Q1 2025 from PKR 252.173 million in Q1 2024.
📈 Sales Growth: Sales-Net increased to PKR 5,590.963 million from PKR 4,820.805 million, indicating a ~16% growth in revenue.
📉 Gross Profit Decline: Turned into a gross loss of PKR 160.757 million from a gross profit of PKR 296.848 million.
💸 Operating Loss: Operating loss widened to PKR 255.175 million compared to PKR 66.521 million.
➖ Loss Per Share: Loss per share worsened to PKR -0.82 from PKR -0.52.
💵 Finance Costs: Finance cost slightly decreased to PKR 2.608 million from PKR 3.272 million.
⚠️ Negative Earnings: The company’s earnings continue to be negative, raising concerns about its financial health.
💰 Cash Flow Decline: Net cash inflows from operating activities decreased to PKR 10.030 million from PKR 153.599 million.
Investments: Net cash outflows from investing activities remained significant at PKR (39.479) million.
🏦 Cash Position: Cash and cash equivalents at the end of the period decreased to PKR 124.982 million.
🛑 No Dividends: No cash dividend, bonus shares, or right shares were declared.
Assets: Total assets stood at PKR 46,985.351 million.

🎯 Investment Thesis

Given the significant losses, declining cash flows, and overall deterioration in financial performance, a SELL recommendation is warranted for Dewan Cement Limited. The company faces considerable challenges in turning around its operations and achieving profitability. Price Target: Given the current negative earnings, it is difficult to assign a price target, but further downside is expected. Time Horizon: Short-term, as the company’s challenges are likely to persist in the near future.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements DSFL Signal: SELL

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

⚡ Flash Summary

Dewan Salman Fibre Limited reported a significant loss for the quarter ended September 30, 2025, contrasting sharply with the profit reported for the same period last year. The company’s sales decreased, contributing to a gross loss and an overall net loss after taxation. This negative performance is further underscored by a basic loss per share, a stark difference from the earnings per share in the previous year. Management has not provided specific reasons for this downturn in the released announcement.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales declined from PKR 71.044 million in Sept 2024 to PKR 64.142 million in Sept 2025.
⚠️ Gross loss reported at PKR (64.142) million, a concerning shift from the previous year.
📉 Operating loss widened to PKR (78.318) million compared to PKR (86.258) million YoY.
💸 Finance costs slightly decreased to PKR 4.105 million from PKR 4.361 million.
📉 Other income decreased significantly to PKR (21.590) million from PKR (322.074) million YoY.
📉 Loss before income tax reported at PKR (60.833) million, a steep decline from a profit of PKR 231.454 million in the same quarter last year.
📉 Net loss after taxation is PKR (51.209) million, compared to a profit of PKR 242.924 million in Sept 2024.
📉 Basic loss per share is PKR (0.14), a negative swing from earnings per share of PKR 0.66 in the previous year.
⚠️ Accumulated losses increased to PKR (23,630,481) from PKR (23,602,834).
📉 Net cash used in operating activities is PKR (872) thousand, compared to cash generated of PKR 4.921 million YoY.
⚠️ Cash and cash equivalents decreased to PKR (2,951,024) thousand.
🚫 No cash dividend, bonus shares, or right shares were declared.
⚠️ Company’s financial position shows a concerning trend with increased losses and decreased revenues.

🎯 Investment Thesis

SELL. The company’s financials demonstrate a severe deterioration in performance. The shift to significant losses, negative cash flow, and increasing accumulated losses indicates a high level of financial distress. There is no clear turnaround strategy evident in the announcement. Given these factors, an investment in Dewan Salman Fibre Limited carries an unacceptably high level of risk. The announcement indicates that management expects to transmit PUCARS data separately and within a specified time. We would expect more insights when these are available, but the data provided in this release justifies a sell recommendation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements Signal: SELL SNAI

📉 SNAI: SELL Signal (8/10) – Financial Results for the quarter ended 30-09-2025

⚡ Flash Summary

Sana Industries Limited reported a challenging quarter ended September 30, 2025. The company experienced a significant drop in consolidated revenues, leading to a substantial loss after taxation. This decline in profitability is primarily attributable to reduced revenues and increased finance costs. Management will need to address operational inefficiencies and explore avenues to improve financial performance.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Consolidated revenue decreased by approximately 56% YoY, from PKR 1,295.85 million in Sep 2024 to PKR 570.50 million in Sep 2025.
❌ Loss after taxation was PKR 45.23 million in Sep 2025 compared to a loss of PKR 36.78 million in Sep 2024.
⚠️ Earnings per share (EPS) deteriorated from PKR -1.71 in Sep 2024 to PKR -2.11 in Sep 2025.
💰 Finance costs decreased from PKR 58.10 million to PKR 33.53 million
🚧 Administrative expenses decreased from PKR 37.18 million to PKR 33.37 million
💸 Cash and cash equivalents increased significantly from PKR 14.99 million to PKR 80.00 million.
📉 Unsecured trade debts increased from PKR 630.54 million to PKR 647.02 million
📊 Total equity decreased from PKR 874.58 million in Jun 2025 to PKR 829.35 million in Sep 2025.
liabilities increased from 2,010,760,923 to 2,103,517,939
Inventory increased from 218,327,400 to 153,703,937
Other receivables increased from 465,404,591 to 497,786,294

🎯 Investment Thesis

Given the sharp decline in revenue, continued losses, and increased financial strain, a SELL recommendation is warranted for Sana Industries. The company needs to undertake significant restructuring. Without substantial improvements, the downside risk outweighs any potential upside.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

announcements EWIC Signal: BUY

📈 EWIC: BUY Signal (8/10) – Financial Results for the Quarter ended September 30,2025

⚡ Flash Summary

East West Insurance Co. Ltd. reported a strong financial performance for the quarter ended September 30, 2025. The company’s profit after taxation increased significantly to PKR 1,079.12 million, compared to PKR 560.14 million in the same period last year. Earnings per share (EPS) also saw a substantial rise, reaching PKR 4.22 versus PKR 2.19 in 2024. This growth was primarily driven by increased net insurance premium and effective underwriting results. The Board of Directors also approved an increase in authorized share capital from PKR 3.00 billion to PKR 4.00 billion.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Profit after tax soared to PKR 1,079.12 million, a significant jump from PKR 560.14 million in 2024.
💰 Earnings per share (EPS) doubled, reaching PKR 4.22 compared to PKR 2.19 in the previous year.
💼 Net insurance premium increased substantially to PKR 4,936.18 million from PKR 3,151.94 million year-over-year.
✅ Underwriting results improved to PKR 770.88 million, up from PKR 476.82 million in 2024.
💸 Investment income grew to PKR 659.08 million from PKR 377.44 million.
🏦 Total Assets increased to PKR 14,657.03 million as of September 30, 2025, compared to PKR 9,807.15 million at the end of 2024.
⬆️ Authorized Capital of the Company increased from Rs.3,000,000,000 to Rs.4,000,000,000
🧾 Total Equity stands at PKR 5,719.63 million, compared to PKR 4,671.26 million at the end of 2024.
Liabilities increased to PKR 8,764.54 million, compared to PKR 5,005.35 million at the end of 2024
❌ No cash dividend, bonus shares, or right shares were recommended by the Board of Directors.

🎯 Investment Thesis

Based on the strong financial performance and positive outlook, a BUY recommendation is warranted for East West Insurance. The company has demonstrated significant growth in revenue, profitability, and EPS. The increase in authorized share capital should enable further expansion. Price Target: PKR 6.50. Time Horizon: 12 months.

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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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