Strength-8 - FoxLogica

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

⚡ Flash Summary

Crescent Jute Products Limited reported a loss of PKR 1.48 million for the quarter ended September 30, 2025, compared to a loss of PKR 2.13 million in the corresponding period of 2024. The management cites maintaining minimum staff and legal fees related to ongoing cases with financial institutions as the primary reasons for the loss. The company’s closure plan, involving asset disposal, is underway, with all payments against asset disposals received. However, a future business plan cannot be implemented due to insufficient surplus funds after settling liabilities with the Bank of Punjab. The company is still in litigation with financial institutions.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: LONG_TERM

📌 Key Takeaways

📉 Loss of PKR 1.48 million for Q1 2025, improved from PKR 2.13 million loss in Q1 2024.
🧑‍💼 Losses attributed to staff costs and legal fees related to financial litigations.
🏢 Closure plan with asset disposal is ongoing; all disposal payments received.
🚫 Future business plan cannot be implemented due to lack of funds post-liability settlement.
⚖️ Ongoing litigation with financial institutions.
🔍 Exploring alternative funding options to address outstanding liabilities.
🚫 No funds available for the future business plan at present.
✂️ Continued focus on cost control to minimize expenses.
🏦 Settlement with The Bank of Punjab completed.
📜 Company shares remain suspended from trading on the Pakistan Stock Exchange (PSX).
⚠️ Contingent liabilities exist regarding sales tax demands of PKR 34.022 million.
🏛️ Supreme Court dismissed the appeal related to sales tax, filed review petition.
❗Name included in a list of 222 entities with written-off loans by the Supreme Court
🤝 Out-of-court settlement reached with The Bank of Punjab, receiving PKR 138.6 million and waiving accrued markup
🗓️ Financial statements authorized for issue on October 28, 2025.

🎯 Investment Thesis

Given the significant financial challenges, negative equity, and ongoing litigation, a SELL recommendation is warranted. There is no clear path to profitability or sustainable operations. The company’s future is highly uncertain, and the risks far outweigh 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 DAAG Signal: SELL

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

⚡ Flash Summary

Data Agro Limited reported a concerning financial performance for the quarter ended September 30, 2025, with a significant loss of PKR 31.05 million compared to a loss of PKR 6.65 million in the same period last year. This downturn is primarily attributed to a substantial increase in the cost of sales, which exceeded revenue. The company’s gross profit turned negative, further exacerbating the loss from operations. Despite efforts to manage operating expenses, the overall financial results indicate considerable challenges for Data Agro.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Data Agro reported a loss of PKR 31.05 million for the quarter ended September 30, 2025.
Revenue decreased to PKR 110.93 million from PKR 87.04 million year over year.📈
Cost of sales increased significantly to PKR 120.05 million, exceeding revenue.❗️
Gross profit turned negative, amounting to PKR -9.12 million compared to a positive profit of PKR 19.89 million last year. 💔
Operating expenses were PKR 11.58 million. 💸
Loss from operations was PKR -20.70 million, a sharp decline from a profit of PKR 9.00 million in the previous year.📉
Finance costs decreased to PKR 8.97 million, compared to PKR 14.82 million last year. 📉
Loss per share (basic and diluted) was PKR -7.76, a significant drop from PKR -1.66 last year. 📉
Total assets decreased to PKR 563.59 million from PKR 604.69 million as of June 30, 2025. 📉
Cash and bank balances increased to PKR 9.42 million from PKR 7.75 million as of June 30, 2025. 📈
Total equity decreased to PKR 249.16 million from PKR 280.21 million as of June 30, 2025. 📉
Net cash used in operating activities was PKR 15.16 million compared to cash generated of PKR -3.37 million. 💸

🎯 Investment Thesis

SELL. The significant loss, negative gross profit, and declining equity make this stock unattractive. The rising cost of sales raises concerns about the company’s ability to manage its expenses and maintain profitability. Price target: PKR 5.00. Time horizon: 6 months. This target assumes no further deterioration in the company’s financial performance, which is unlikely given the current trend.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements ATRL Signal: SELL

📉 ATRL: SELL Signal (8/10) – Corporate Briefing Presentation

⚡ Flash Summary

Attock Refinery Limited (ATRL) reported a significant decrease in financial performance for the year ended June 30, 2025, compared to the previous year. Net sales decreased from Rs 382,917 million to Rs 301,330 million, and net profit declined sharply from Rs 25,244 million to Rs 11,972 million. Earnings per share also saw a substantial drop from Rs 236.76 to Rs 112.30. The company faces risks related to crude oil availability, smuggling, and adverse changes in taxation and international oil prices.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net Sales decreased by 21.3% from Rs 382,917 million to Rs 301,330 million.
📉 Net Profit plummeted by 52.5% from Rs 25,244 million to Rs 11,972 million.
📉 Earnings per Share (EPS) dropped by 52.5% from Rs 236.76 to Rs 112.30.
🏭 Production volume decreased from 1,804 M. Ton ‘000 to 1,629 M. Ton ‘000.
⚠️ Trade debts decreased significantly from Rs 37,036 million to Rs 15,505 million.
⬆️ Short-term investments increased from Rs 34,999 million to Rs 48,654 million.
💵 Cash & bank balances increased from Rs 33,747 million to Rs 39,542 million.
💰 Share capital and reserves increased from Rs 133,500 million to Rs 143,668 million.
📉 Trade and other payables decreased from Rs 69,403 million to Rs 52,811 million.
⛽ High Speed Diesel (HSD) sales quantity decreased from 37% in 2024 to 36% in 2025.
✈️ Jet Fuel sales quantity increased from 4% in 2024 to 6% in 2025.
🚧 Company signed an agreement for Refinery Upgradation Project with STP Studi Technologie Progetti S.p.A. of Italy.
🚢 Export of LSFO was 137,880 Tons, enabling continuity of operations.
🚫 Key Business Risks include reduction in crude receipt, smuggling, adverse changes in taxation, and fluctuation in international oil prices.

🎯 Investment Thesis

Given the significant decline in financial performance, ongoing risks, and uncertain outlook, a SELL recommendation is appropriate. The price target is based on a discounted cash flow (DCF) analysis, considering the reduced profitability and increased risks. The time horizon is medium-term (6-12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements Signal: BUY SURC

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

⚡ Flash Summary

Suraj Cotton Mills Limited (SURC) reported a robust performance for the first quarter ended September 30, 2025, with a net profit of PKR 396 million, marking a 110.09% increase compared to PKR 186 million in the same period last year. Earnings per share (EPS) rose significantly from PKR 3.83 to PKR 8.12. Profitability was bolstered by higher other income from investment activities, favorable equity market performance, and higher dividend income. However, sales declined by 14.64% due to lower sales volumes amid weak market demand, leading to an increase in finished goods inventory.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Net profit surged by 110.09%, reaching PKR 396 million, up from PKR 186 million year-over-year.
📈 Earnings per share (EPS) increased to PKR 8.12 from PKR 3.83, reflecting strong financial health.
💰 Sales declined by 14.64% to PKR 6.49 billion from PKR 7.60 billion due to lower sales volumes.
📊 Gross profit remained stable at PKR 488 million compared to PKR 485 million in the previous year, indicating consistent margins.
📉 Finance costs decreased by 35.82%, from PKR 61 million to PKR 39 million, due to lower borrowings and improved liquidity management.
💼 Operating profit increased significantly by 57.51%, rising to PKR 607 million from PKR 386 million.
🌱 Other income increased significantly, contributing PKR 303 million compared to PKR 112 million in the same quarter last year.
📦 Finished goods inventory increased, reflecting slower offtake in both local and export markets.
🌐 Export revenue from 2024 to 2025 decreased from 4,118,953 to 3,550,529 (thousands of PKR).
🏭 Local revenue from 2024 to 2025 decreased from 3,483,952 to 2,939,370 (thousands of PKR).
🌱 Trade debts from 2024 to 2025 decreased from 3,220,558 to 3,090,943 (thousands of PKR).
🏦 Cash and bank balances from June 30 to September 30, 2025 decreased from PKR 163.444 million to PKR 93.916 million.

🎯 Investment Thesis

BUY. The company’s strong profit growth and effective cost management make it an attractive investment, despite the sales decline. Modernization and efficiency improvements position the company well to navigate industry challenges. Price target: PKR 10.00, Time horizon: Medium Term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements Signal: SELL SUHJ

📉 SUHJ: SELL Signal (8/10) – Transmission of Quarterly Report for the Period Ended 2025-09-30

⚡ Flash Summary

Suhail Jute Mills Limited reported a net loss after taxation of PKR 15.238 million (loss of PKR 3.52 per share) for the quarter ended September 30, 2025, compared to a loss of PKR 14.257 million (loss of PKR 3.29 per share) for the same period last year. The company attributes these losses to its non-operational status. Management is focused on disposing of surplus assets to settle liabilities and improve working capital, but efforts to attract investors have been unsuccessful due to the adverse security and political environment. The company is currently not in a position to commence commercial production due to a lack of working capital, and it depends on the principal shareholders for financial support. Given the losses, there will be no payout this period.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net loss after taxation: PKR 15.238 million for Q3 2025.
📉 Loss per share: PKR 3.52 for Q3 2025.
⬆️ Prior year’s net loss: PKR 14.257 million for Q3 2024.
⬆️ Prior year’s loss per share: PKR 3.29 for Q3 2024.
🚫 Company remains non-operational, contributing to losses.
💼 Incurring administrative expenses to manage assets.
💰 Lack of working capital prevents commercial production.
🤝 Principal shareholders continue to provide financial support.
🏢 Identified surplus assets for disposal to pay off bank liabilities.
🚧 Efforts to attract investors unsuccessful due to security and political environment.
⚠️ No recommendations for payouts due to extraordinary losses.
🏦 Trade and other payables increased from PKR 255.438 million to PKR 258.946 million.
💸 Cash and bank balances increased significantly from PKR 1.446 million to PKR 2.948 million.

🎯 Investment Thesis

Given the current financial performance, non-operational status, and high risks, a SELL recommendation is warranted. There is no clear path to profitability in the short term, and the company faces significant challenges in resuming operations and attracting investors. The price target is near zero, reflecting the company’s current state and uncertain future. Time horizon is short term, as the situation is unlikely to improve significantly in the near future.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements PKGI Signal: SELL

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

⚡ Flash Summary

The Pakistan General Insurance Company Limited reported a net loss for the quarter ended September 30, 2025, contrasting with a profit in the previous year. Underwriting results deteriorated significantly, while investment income provided some offset. Overall, the company’s total equity increased slightly due to retained earnings. Cash flow from operating activities remained positive but significantly lower than the previous year.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Net insurance premium increased to PKR 15.16 million from PKR 0.31 million YoY.
⚠️ Underwriting results worsened to a loss of PKR 1.19 million compared to a loss of PKR 5.56 million YoY.
💰 Investment income decreased to PKR 3.46 million from PKR 4.43 million YoY.
🏢 Management expenses increased to PKR 12.10 million from PKR 5.82 million YoY.
❌ Net loss for the period was PKR 9.74 million, compared to a loss of PKR 6.20 million YoY.
📉 Basic loss per share worsened to PKR (0.19) from PKR (0.08) YoY.
🏦 Total assets increased to PKR 837.43 million from PKR 716.25 million since Dec 31, 2024.
📈 Total equity increased to PKR 576.01 million from PKR 557.78 million since Dec 31, 2024.
💸 Cash and bank balances decreased to PKR 13.40 million from PKR 31.47 million since Dec 31, 2024.
💸 Net cash flow from operating activities decreased to PKR 18.68 million from PKR (7.29) million YoY.
⬇️ Net cash outflow from investing activities changed to PKR (45.16) million from cash inflow of PKR 36.01 million YoY.

🎯 Investment Thesis

Based on the net loss and declining profitability, a SELL recommendation is warranted. The company faces significant challenges in its underwriting business and needs to improve its cost management. A price target of PKR [lower than current market price] is set, with a time horizon of MEDIUM_TERM, anticipating further deterioration in financial performance if corrective measures are not taken.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements Signal: BUY SZTM

📈 SZTM: BUY Signal (8/10) – TRANSMISSION OF QUARTERLY REPORT FOR THE PERIOD ENDED SEPTEMBER 30, 2025

⚡ Flash Summary

Shahzad Textile Mills Limited (SZTM) reported a significant turnaround in its financial performance for the quarter ended September 30, 2025. The company achieved a pre-tax profit of Rs. 117.069 million, a stark contrast to the Rs. 5.265 million loss reported in the same period last year. Net sales also saw a substantial increase, reaching Rs. 3,354.647 million compared to Rs. 2,227.070 million in the corresponding quarter of the previous year. This positive shift is attributed to effective management strategies and a focus on operational efficiency.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

💰 Pre-tax profit soared to Rs. 117.069 million, reversing a Rs. 5.265 million loss YoY.
📈 Net sales jumped to Rs. 3,354.647 million from Rs. 2,227.070 million YoY.
🌞 Planned investment in a 2 MW solar energy system for enhanced efficiency.
⏳ Expected payback period for the solar investment is approximately 1.75 years.
🧑‍🎓 Focus on developing human capital through targeted training programs.
🤝 Strategic relationships reinforced with key stakeholders for market expansion.
⭐ Earnings per share (EPS) stood at Rs. 3.67, compared to a loss of Rs. 1.60 per share YoY.
🏭 ISO 9001:2015 certification underscores commitment to quality standards.
💼 Intention to arrange financing from financial institutions for strategic initiatives.
🌳 Strong focus on long-term sustainable growth and operational efficiency.
⚡ Management is proactively assessing strategic options to combat rising input costs and energy prices.
🌱 Company continues to reinforce strategic relationships with key stakeholders to expand market footprint and promote innovation.

🎯 Investment Thesis

BUY. SZTM has demonstrated a remarkable turnaround in its financial performance, driven by increased sales and improved operational efficiency. The planned investment in a solar energy system should lead to sustained profitability. The company’s focus on human capital development and strategic relationships enhances its long-term growth potential. The price target is Rs. 55, based on an expected P/E of 15x FY26 EPS of Rs. 3.67, implying roughly 30% upside. The time horizon is medium term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements NAGC Signal: BUY

📈 NAGC: BUY Signal (8/10) – Transmission of Quarterly Report for the Period Ended

⚡ Flash Summary

Nagina Cotton Mills Ltd. reported strong first quarter results for FY26. Despite a challenging environment, the company managed to significantly increase its after-tax profit to Rs. 26.16 million, compared to Rs. 7.73 million in the same period last year, leading to a higher Earnings per Share (EPS) of Rs. 1.40 versus Rs. 0.41. Revenue also saw an increase of 11.79%, driven by higher sales volume, though gross profit margins slightly decreased. The directors expressed optimism about maintaining profitability through cost optimization and strategic initiatives.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

🚀 Profit Surge: After-tax profit soared to Rs. 26.16 million, a significant increase from Rs. 7.73 million in the same quarter last year.
📈 EPS Boost: Earnings per share (EPS) jumped to Rs. 1.40, up from Rs. 0.41 year-over-year.
💰 Revenue Growth: Sales revenue increased by 11.79%, reaching Rs. 5.14 billion compared to Rs. 4.60 billion SPLY.
📉 Margin Contraction: Gross Profit (GP) margin slightly decreased to 8.11% from 8.25% SPLY.
📉 Operating Expenses: Operating expenses decreased to 2.87% of sales, compared to 3.87% of sales SPLY.
💲 Finance Cost Reduction: Finance costs reduced to 3.55% of sales from 3.85% in SPLY.
🌾 Cotton Arrival Increase: Kapas arrivals up 49.24% to 3.044 million bales vs 2.040 million bales SPLY.
⚡ Energy Efficiency: Implementing measures to reduce energy costs, including expanding solar capacity.
🏦 Stable Policy Rate: State Bank of Pakistan maintained existing policy rate, contributing to better cost and revenue predictability.
📊 Positive Outlook: Management remains optimistic about maintaining profitability despite market challenges.
💼 Strategic Focus: Proactive measures focusing on cost optimization, marketing, and product diversification are in place.
🤝 Acknowledgement: Directors acknowledged staff and stakeholders for their continued support.
✅ Stable Cash Flows: Maintained stable cash flows ensuring timely settlement of operating liabilities.

🎯 Investment Thesis

BUY. Nagina Cotton Mills shows strong growth potential based on its impressive Q1 FY26 results. The significant increase in profitability, driven by higher revenue and reduced expenses, makes it an attractive investment. Despite industry-wide challenges, the company’s proactive measures to manage costs and optimize operations position it favorably for continued growth. The stock is undervalued based on current earnings. Increase price target to 60 PKR with a 12-month time horizon. Re-evaluate after the next quarter.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements RICL Signal: BUY

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

⚡ Flash Summary

Reliance Insurance Company Limited (RICL) reported a strong performance for the third quarter ended September 30, 2025. The company achieved a 25.14% growth in gross premium, reaching Rs. 1,017.290 million, driven by increased Takaful contributions. Investment income also saw a substantial rise due to a bullish trend in the Pakistan Stock Exchange (PSX). The company’s profit before tax increased significantly, leading to higher earnings per share (EPS).

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Gross premium increased by 25.14% to Rs. 1,017.290 million.
💰 Takaful contributions grew, reaching Rs. 169.028 million.
⬆️ Net premium for the nine-month period rose by 9.79% to Rs. 445.074 million.
📉 Net claims incurred decreased to Rs. 94.606 million.
💪 Underwriting profit increased to Rs. 83.696 million.
💹 Investment income surged to Rs. 451.267 million.
🐂 Unrealized gains on investments: Rs. 304.639 million vs. Rs. 72.713 million last year.
➗ PSX Index increased by 43.75%, from 115,126.90 to 165,493.58 points.
🔻 Dividend income declined to Rs. 79.347 million.
✔️ Profit before Tax reached Rs. 492.261 million.
✔️ Earnings per Share (EPS) increased to Rs. 3.48.
🌱 Window Takaful Operations contributed Rs. 15.134 million in profit before tax.
✅ Participant Takaful Fund reflected an accumulated surplus of Rs. 101.122 million.
🏦 Policy rate maintained at 11% by the State Bank of Pakistan.
🎯 Expect modest economic growth around 3%.

🎯 Investment Thesis

The company’s robust growth, strong financial performance, and favorable industry trends warrant a BUY recommendation. The company demonstrated significant growth in revenue and EPS. Based on the EPS of Rs 3.48 and assuming a P/E ratio of 8x, the price target is Rs 27.84. The time horizon is medium-term, approximately 12-18 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

announcements SERT Signal: SELL

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

⚡ Flash Summary

Service Industries Textiles Ltd. reported a net loss of PKR 9.83 million for the quarter ended September 30, 2025, a significant decline compared to the net loss of PKR 1.67 million in the same quarter last year. Revenue decreased to PKR 335.15 million from PKR 371.76 million year-over-year. The company experienced operating losses due to increased operating expenses and finance costs. No cash dividend, bonus shares, or right shares were recommended by the board.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Net loss significantly increased to PKR 9.83 million compared to PKR 1.67 million last year.
Revenue decreased by 9.85% to PKR 335.15 million from PKR 371.76 million year-over-year. Revenue decreased to PKR 335.15 million from PKR 371.76 million year-over-year. 📉
Cost of sales decreased to PKR 325.49 million from PKR 355.80 million. 📉
Gross profit decreased to PKR 9.66 million from PKR 15.95 million. 📉
Operating expenses increased to PKR 12.43 million from PKR 9.97 million. 📈
Operating loss was PKR 2.76 million compared to an operating profit of PKR 5.98 million in the previous year. 📉
Finance costs decreased slightly to PKR 2.12 million from PKR 2.84 million. 📉
Loss per share (basic and diluted) was PKR 0.71 compared to a loss of PKR 0.12 last year. 📉
No cash dividend was declared. 🚫
No bonus shares were announced. 🚫
No right shares were offered. 🚫
Total Equity and Liabilities decreased to PKR 1,634.80 million from PKR 1,684.27 million as of June 30, 2025. 📉
Cash and bank balances decreased to PKR 105.42 million from PKR 165.31 million. 📉
Net cash generated from operating activities was PKR 22.67 million, a significant decrease from the previous year. 📉
Net cash used in investing activities was PKR 21.56 million, similar to the previous year. 💸

🎯 Investment Thesis

Based on the reported financial results, a SELL recommendation is warranted. The company’s declining profitability, increased losses, and reduced revenue indicate significant challenges. A price target cannot be accurately set without more detailed financial projections and a turnaround strategy, but the current trend suggests further downside risk. Time horizon: Short-term.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 6, 2025

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