Strength-8 - FoxLogica

📈 FCSC: BUY Signal (8/10) – CORPORATE BRIEFING SESSION 2025

⚡ Flash Summary

First Capital Securities Corporation Ltd (FCSC) reported a significant turnaround for the year ended June 30, 2025. The company generated a profit after taxation of Rs. 1,187.9 million compared to a loss of Rs. (159.3) million in the previous year. This dramatic improvement was primarily driven by unrealized gains on investments and fair value gains on investment properties. FCSC’s focus on long and short term investments continues to shape its performance.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ FCSC achieved a profit after tax of Rs. 1,187.9 million in 2025, a substantial improvement from the Rs. (159.3) million loss in 2024.
📈 Unrealized gains on investments contributed significantly, totaling Rs. 730.0 million.
🏢 Fair value gains on investment properties amounted to Rs. 787.0 million, boosting overall profitability.
📉 Finance costs decreased from Rs. 440.424 million to Rs. 319.375 million, positively impacting the bottom line.
📊 Investment properties increased in value from Rs. 3,364 million to Rs. 4,352 million due to fair valuation.
💼 Long-term investments rose from Rs. 1,539 million to Rs. 2,245 million, reflecting increased investment activity.
⬆️ Net equity increased to Rs. 3,161 million from Rs. 1,813 million, demonstrating improved financial health.
💰 Operating revenue increased significantly from Rs. 294.8 million to Rs. 1,521.8 million year-over-year.
✔️ Basic and diluted earnings per share (EPS) turned positive at Rs. 3.75 compared to a loss of Rs. (0.50) in the previous year.
🌎 FCSC has investments in Pakistan and Sri Lanka, indicating some geographical diversification.
⚠️ Key business risks include market conditions, law and order situation, natural disasters, currency risk, and political instability.
🏦 FCSC is involved in making long and short-term investments, driving its revenue streams.
dividend income, capital gains, and rental income from properties.
📜 Actual company results may vary from those forecasted or estimated, as is standard in financial disclosures.
shares is 2.4236 vs (0.1339).

🎯 Investment Thesis

Based on the strong financial performance in 2025, a BUY rating is warranted. The positive EPS, increased revenue, and improved balance sheet suggest a positive outlook for FCSC. Price target of Rs 4.50 with a medium-term horizon, expecting continued profitability and growth driven by its investment strategies.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 26, 2025

announcements DADX Signal: SELL

📉 DADX: SELL Signal (8/10) – Corporate Briefing Session – 2025 Presentation

⚡ Flash Summary

Dadex Eternit Limited’s Corporate Briefing Session for 2025 reveals a challenging financial year. The company experienced a significant decrease in sales revenue, dropping from Rs 1,348.496 million in 2024 to Rs 936.616 million in 2025. This decline contributed to a substantial net loss after tax of Rs 407.047 million, a deterioration from the loss of Rs 350.403 million in the previous year. The company’s strategic focus is on cost reduction and revenue enhancement plans, addressing raw material volatility and operational efficiency.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales revenue decreased from Rs 1,348.496 million in 2024 to Rs 936.616 million in 2025.
😔 Net loss after tax widened to Rs 407.047 million in 2025 from Rs 350.403 million in 2024.
📉 EPS declined to (Rs 37.82) in 2025 compared to (Rs 32.55) in 2024.
💰 Equity decreased from Rs 511.890 million in 2024 to Rs 434.804 million in 2025.
📉 Operating profit/loss showed a loss of Rs 259.677 million in 2025 compared to a loss of Rs 145.402 million in 2024.
📉 Gross Profit Margin Ratio decreased to (5.85%) in 2025 from 5.06% in 2024.
📉 Operating Profit Margins (EBIT) % decreased to (33.25%) in 2025 from (12.99%) in 2024.
📉 Return on Equity (Gross) % decreased to (93.62%) in 2025 from (68.45%) in 2024.
⚡ Electricity & Gas Tariff Pressures identified as a key challenge.
🚧 Construction Sector Slowdown impacting demand and inventory turnover.
📈 Continuous upward revisions in industrial tariffs affecting per-unit production cost.
💲 Efforts to renegotiate raw material and logistics contracts to reduce input costs.
🌱 Plans to expand market share through targeted sales in construction and infrastructure projects.
✨ Focus on diversifying into higher-margin segments such as industrial pressure pipes and telecom ducting.

🎯 Investment Thesis

Given the significant financial challenges and negative trends, a SELL recommendation is warranted. The company’s declining revenues, widening losses, and operational inefficiencies raise concerns about its ability to generate returns. Until Dadex demonstrates a clear turnaround strategy with tangible results, investment should be avoided. I believe that the firm’s cost and revenue enhancement plans may have a small impact, so I am only setting a 6 month time horizon.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 26, 2025

announcements FRCL Signal: BUY

📈 FRCL: BUY Signal (8/10) – Presentation For Corporate Briefing Session for the Year Ended June 30, 2025

⚡ Flash Summary

Frontier Ceramics Limited (FRCL) reported a significant turnaround for the year ended June 30, 2025, swinging from a loss to a profit. Revenue increased substantially by 28.40% compared to the previous year, driven by more efficient utilization of production capacity. The company recorded a profit before tax of Rs. 286.56 million, a considerable improvement from the loss before tax of Rs. 98.93 million in the prior year. Earnings per share (EPS) also turned positive, reaching Rs 3.89 compared to a loss per share of Rs (2.90) in the previous year.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

✅ Revenue increased by 28.40%, from Rs 3,419.35 million to Rs 4,390.41 million.
✅ Profit before tax turned positive at Rs 286.56 million, compared to a loss of Rs 98.93 million in the previous year.
✅ Earnings per share (EPS) improved to Rs 3.89 from a loss per share of Rs (2.90).
📈 Gross profit increased significantly to Rs 400.89 million from Rs 72.61 million.
Operating profit rose dramatically to Rs 309.80 million from Rs 6.19 million.
⚠️ Finance costs decreased substantially from Rs 143.18 million to Rs 29.10 million.
📊 Gross Profit ratio increased from 2.12% to 9.13%.
📊 Operating profit ratio increased from 0.18% to 7.06%.
📊 Net Profit ratio changed from -3.21% to 3.36%.
🏭 Units Sold (SQM) increased from 4,740,907 to 5,956,814.
📉 Number of Employees decreased from 787 to 745.
Balance sheet shows Long Term Financing decreased from Rs 533.26 million to Rs 118.74 million
💰 Current assets increased from Rs 1,124.27 million to Rs 1,300.69 million.
Liabilities reduced slightly as well

🎯 Investment Thesis

Based on the impressive turnaround and improved financial performance, a BUY recommendation is warranted. The company has demonstrated its ability to increase revenue and profitability. The price target will require further analysis, but given the improved EPS, a target of Rs 4.50 seems reasonable, to be achieved in the next 12-18 months, as long as sales stay at or above current levels.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 26, 2025

announcements CLVL Signal: BUY

📈 CLVL: BUY Signal (8/10) – Presentation of CBS

⚡ Flash Summary

Cordoba Logistics & Ventures Limited (CLVL) reported its Corporate Briefing Session for the year ended June 30, 2025. The company’s consolidated financial performance shows significant improvement, with a substantial 53% increase in group revenue, reaching PKR 680.81 million. Profit after tax increased to PKR 174.29 million, reflecting healthy profitability compared to PKR 115.40 million in the prior period. Earnings per share (EPS) also rose by 38% year-over-year, reaching PKR 2.20, indicating enhanced shareholder value.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚀 Consolidated revenue increased by 53% year-over-year, reaching PKR 680.81 million.
💰 Profit after tax grew to PKR 174.29 million, up from PKR 115.40 million in the previous year.
📈 Earnings per share (EPS) increased by 38% year-over-year, reaching PKR 2.20.
💪 Total assets increased by PKR 1.014 billion, rising by 70% to PKR 2.443 billion.
💹 Assets Under Management (AUM) increased notably, boosting fee income.
🛡️ Disciplined risk management preserved stability.
⚙️ Operational improvements strengthened efficiencies.
💻 Digital transformation initiatives are progressing to modernize systems.
✅ Aligned with SECP framework requirements, ensuring regulatory compliance.
🤝 Cordoba Financial Services Limited (CFSL) AUM reached PKR 3 Bn+.
🗓️ Cordoba PE Management Limited (CPML) was incorporated on March 12, 2025.
💼 CFSL specializes in Leasing and Investment Financial Services.
🏦 The Board includes seasoned professionals like Mr. Danish Elahi, Mr. Tariq Husain, and Mr. Adeeb Ahmad.
🌍 The company envisions remaining positive going into FY2026.

🎯 Investment Thesis

Based on the strong financial performance and strategic initiatives, a BUY recommendation is justified. The company’s growth in revenue, profit, and EPS indicates strong potential for future growth and value creation. A price target reflecting the 38% increase in EPS is warranted.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 26, 2025

announcements GEMSPNL Signal: BUY

📈 GEMSPNL: BUY Signal (8/10) – Corporate Briefing Session Presentation 2025

⚡ Flash Summary

Supernet Limited’s corporate briefing session presentation for 2025 reveals a year of substantial growth. Revenue increased by 9% year-over-year to PKR 9,269 million, driven by surging broadband subscriptions and digital transformation. The company secured long-term contracts in high-demand areas like cybersecurity and IT infrastructure. Net profit also saw a significant jump of 96% to PKR 473 million, resulting in an EPS of PKR 3.79.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

🚀 Revenue grew by 9% YoY, reaching PKR 9,269 million in 2025.
💰 Gross profit surged by 31% to PKR 1,832 million, reflecting improved operational efficiency.
📈 Gross profit margin increased from 16% to 20%, indicating a healthier revenue stream.
🔒 Supernet secured a total contract value of PKR 9,957m+ across all business lines.
🌐 Connectivity portfolio witnessed a PKR 4,701 Mn boost with strategic banking network deals.
🛡️ High-margin cybersecurity projects yielded PKR 1,750 Mn through large-scale wins.
🏦 Recurring revenue is strong, with PKR 81 million in monthly billing from long-term contracts.
🤝 The company added Karakoram Cooperative Bank and other new clients to its portfolio.
💡 Operating profit rose by 68% to PKR 868 million, showcasing enhanced profitability.
💸 EBITDA increased to PKR 1,041 million, reflecting strong operational performance.
⭐ EPS soared to PKR 3.79, marking a significant increase from PKR 1.93 in the previous year.
💼 Strategic merger with Supernet Technologies Limited is underway, aiming to enhance stakeholder value.
🌍 Supernet is strategically expanding into international markets, leveraging its UAE presence.
🌱 Supernet is focused on providing IT Infrastructure, Cybersecurity & Green Energy Solutions, addressing critical market demands.
🔮 2026 Outlook foresees stable dollar, lower inflation, and increased ICT spending.

🎯 Investment Thesis

BUY. Supernet’s strong financial performance in 2025, driven by strategic growth in cybersecurity and IT infrastructure, makes it an attractive investment. The company’s focus on high-margin services, international expansion, and long-term contracts supports a positive outlook. The upcoming merger with Supernet Technologies Limited is expected to further enhance shareholder value. Given the increased EPS and positive growth trajectory, a price target of PKR 5.00 is set, with a time horizon of 12-18 months.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 26, 2025

announcements Signal: SELL YOUW

📉 YOUW: SELL Signal (8/10) – Annual Corporate Briefing Session 2025

⚡ Flash Summary

Yousaf Weaving Mills Limited (YOUW) reported a challenging fiscal year ending June 30, 2025. The company faced significant headwinds including inflation, economic instability, and high energy prices which negatively impacted its operational performance. Sales revenue decreased substantially to Rs 528 million from Rs 640 million in 2024, and the company incurred a significant loss after tax of Rs (306.714) million. Management is implementing a BMR program to modernize machinery and improve efficiency, expecting this to enhance long-term profitability.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

📉 Sales revenue decreased from Rs 640 million in 2024 to Rs 528 million in 2025.
💔 Operating profit declined from a loss of Rs (38) million in 2024 to a loss of Rs (295) million in 2025.
⚠️ Net loss after tax widened significantly from Rs (49) million in 2024 to Rs (306.714) million in 2025.
💸 Loss per share deteriorated from Rs (0.39) in 2024 to Rs (2.26) in 2025.
📉 Return on equity plummeted from (10)% in 2024 to (113)% in 2025.
🏢 Equity increased from Rs 270 million to Rs 499 million.
🏭 Weaving and spinning production volume decreased as seen in the provided graph.
🧑‍💼 Number of employees decreased from 351 to 389.
🏦 Current ratio decreased to 0.31:1 in 2025 from 0.51:1 in 2024, indicating liquidity issues.
⚙️ Management is implementing a BMR program to enhance operational efficiency.
⚡ Exorbitant energy prices and economic instability are major challenges.

🎯 Investment Thesis

Based on the analysis, a SELL recommendation is warranted for YOUW. The company’s financial performance has deteriorated significantly, and faces numerous challenges that are unlikely to be resolved quickly. Without substantial improvements in operational efficiency and market conditions, YOUW’s stock price is likely to decline further. Therefore a SELL is appropriate until a turnaround is apparent.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 26, 2025

announcements KOSM Signal: SELL

📉 KOSM: SELL Signal (8/10) – Presentation For Annual Corporate Briefing Session for The Financial Year 2025

⚡ Flash Summary

Kohinoor Spinning Mills Limited (KSM) reported a challenging financial year ending June 30, 2025. The company experienced an operating loss of Rs 203 million, an increase from the Rs 171 million loss in the previous year. Correspondingly, the loss after tax deepened to Rs 494 million from Rs 375 million. This resulted in a loss per share of Rs 1.13, compared to Rs 0.91 in 2024, indicating a worsening financial performance.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

🚨 Increased Operating Loss: Operating loss increased from Rs 171 million in 2024 to Rs 203 million in 2025.
📉 Deeper Net Loss: Loss after tax widened from Rs 375 million to Rs 494 million.
📉 Loss Per Share (LPS): LPS deteriorated from Rs 0.91 to Rs 1.13.
📉 Equity Erosion: Equity decreased substantially from Rs 563 million to Rs 206 million.
📉 Declining Return on Equity: Return on Equity (ROE) decreased from 150% to 128%.
🏭 Operational Challenges: Pakistan’s spinning sector is facing challenges due to high energy costs and reduced consumer spending.
🌱 Diversification Efforts: The company is considering diversification to mitigate the unviable spinning sector conditions.
🧵 Yarn Trading: KSM has started purchasing and selling yarn, in line with its memorandum of association.
📜 Regulatory Compliance: Amendments to the Memorandum and Articles of Association have been approved to allow business diversification.
⚠️ Uncertain Outlook: The future for Pakistan’s spinning mills is uncertain due to declining local cotton production.
⚡️ High Energy Costs: High energy costs continue to pose a significant challenge to the company.
📊 Current Ratio: Current ratio worsened from 0.24 in 2024 to 0.16 in 2025, showing declining liquidity.

🎯 Investment Thesis

Given the sustained losses, declining equity, and challenging industry conditions, a SELL recommendation is warranted. The company faces significant operational and financial risks, with little prospect of near-term improvement. The negative outlook for the spinning sector in Pakistan, coupled with KSM’s weakened financial position, makes it an unattractive investment.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 26, 2025

announcements LPGL Signal: SELL

📉 LPGL: SELL Signal (8/10) – CORPORATE BRIEFING SESSION- 2025

⚡ Flash Summary

Leiner Pak Gelatine Limited’s corporate briefing session for 2025 reveals a significant downturn in financial performance. Sales have nearly halved from PKR 3,344.5 million in 2024 to PKR 1,628.61 million in 2025. This decline is primarily attributed to a substantial decrease in export sales. Consequently, the company’s profit after taxation has plummeted from PKR 81.519 million to PKR 15.822 million, with earnings per share (EPS) dropping from PKR 10.87 to PKR 2.11.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📉 Sales declined by 51.3% from PKR 3,344.5 million to PKR 1,628.61 million.
📉 Export sales decreased significantly from PKR 2,294.946 million to PKR 928.311 million.
📉 Local sales also saw a decrease, falling from PKR 1,049.588 million to PKR 700.301 million.
⚠️ Cost of sales decreased from PKR 2,926.641 million to PKR 1,355.295 million.
⚠️ Gross profit declined from PKR 417.893 million to PKR 273.317 million.
⚠️ Profit before taxation decreased sharply from PKR 124.723 million to PKR 37.872 million.
⚠️ Profit after taxation dropped from PKR 81.519 million to PKR 15.822 million.
⚠️ Earnings per share (EPS) decreased from PKR 10.87 to PKR 2.11.
⚠️ Finance costs decreased from PKR 90.796 million to PKR 73.428 million.
⚠️ Actual sales for 2025 fell short of projected sales of PKR 2,300 million.
⚠️ Projected sales for 2026 are estimated at PKR 2,100 million.
🏭 Company produces HALAL Gelatine and Di-calcium phosphate.
🌍 Leiner Pak Gelatine was established in 1983.
⚖️ Company is listed on the Pakistan Stock Exchange.

🎯 Investment Thesis

Based on the significant decline in sales, profitability, and EPS, a SELL recommendation is warranted. The company faces substantial challenges in regaining its market position and restoring financial health. A price target should be set significantly lower to reflect the company’s poor performance and uncertain outlook. The time horizon for this recommendation is short to medium term, given the rapid deterioration in financial metrics.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 25, 2025

announcements BUXL Signal: SELL

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

⚡ Flash Summary

Buxly Paints, a Pakistani company established in 1933, presented its corporate briefing on November 26, 2025. The company’s financial results for 2025 show a decrease in net sales by 6% compared to 2024. This decrease in revenue has negatively impacted profitability, with the company reporting a net loss after taxation, and a substantial decrease in EPS. Management cites slow GDP growth, slow construction activity, and intense competition as key challenges.

Signal: SELL 📉

Strength: 8/10

Sentiment: NEGATIVE

Time Horizon: SHORT_TERM

📌 Key Takeaways

Established in 1933 in Hyderabad Daccan, Pakistan. 🇵🇰
Started Karachi & Chittagong Factories in 1948. 🏭
First Paint Factory of Pakistan. 🥇
Became a Public Limited Company in 1985. 🏢
One of only Two Listed Companies in the Paints Industry in Pakistan. 📊
Net Sales decreased by 6% from 622,985 to 587,141 (Rupees in ‘000s). 📉
Gross Profit increased by 4% from 107,323 to 111,884 (Rupees in ‘000s). 📈
Gross Profit Margin improved from 17.23% to 19.06%. ✅
Profit Before Tax decreased significantly by 78% from 14,790 to 3,280 (Rupees in ‘000s). ⚠️
Profit After Taxation turned negative, decreasing by 158% from 7,003 profit to (4,059) loss (Rupees in ‘000s). 🔴
EPS decreased dramatically by 158% from 4.86 to (2.82) (Rs.). 📉
Major shareholders include Slotrapid Limited (37.64%) and Berger Paints Limited (19.00%). 🤝
Key Business Segments: Decorative, Projects, Government & Marine, General Industries Finishes, Protective Coating, Automotive Business. 🎨
Challenges include slow GDP growth, slow construction activity, and intense competition. 🚧

🎯 Investment Thesis

Based on the financial performance presented, a SELL recommendation is warranted. The declining revenue, net loss, and decreased EPS indicate significant challenges for Buxly Paints. The company faces headwinds from slow economic growth and intense competition. A price target is difficult to determine given the negative earnings. Time horizon is short-term, as the issues need immediate attention and resolution to avoid further value erosion.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 25, 2025

AKDSL announcements Signal: BUY

📈 AKDSL: BUY Signal (8/10) – Presentation – Corporate Briefing Session 2025

⚡ Flash Summary

AKD Securities Limited (AKDSL) has demonstrated exceptional financial performance, reporting a YoY increase of 54% in operating revenue, driven primarily by equity brokerage. The company’s profit after tax surged by 151% YoY, supported by substantial investment gains and efficient cost management, as evidenced by the improved cost-to-income ratio. With a focus on digital trading and a growing investor base, AKDSL exhibits strong growth potential. Current Account Deficit is set to remain in control at 0.4% of GDP in FY25 with slight depreciation in currency.

Signal: BUY 📈

Strength: 8/10

Sentiment: POSITIVE

Time Horizon: MEDIUM_TERM

📌 Key Takeaways

📈 Operating revenue increased by 54% YoY, reaching PKR 1,953.7 million.
💰 Equity brokerage remains a primary revenue driver, with a 65% increase.
✨ Digital trading activity and HNWIs participation contributed to revenue growth.
💸 Non-equity brokerage increased by 27% YoY.
📉 Investment gains surged by 479% YoY to PKR 2,494.8 million.
✅ Operating expenses increased by 47% YoY due to inflationary pressures and investments.
💡 Cost-to-income ratio improved by 29% YoY, indicating cost management.
📉 Financial charges decreased by 40% YoY due to debt repayment.
📊 Profit before tax increased by 148% YoY, totaling PKR 4,136.3 million.
🧾 Profit after tax increased by 151% YoY, reaching PKR 3,156.3 million.
✔️ Earning per share (EPS) increased by 150% YoY to PKR 5.66.
🏦 Break-up value per share increased by 28% to PKR 21.50.
💸 Dividend payout at 20%.
🌱 Return on equity (ROE) increased by 97% to 26%.
✔️ PSX average volumes per day increased by 35%.

🎯 Investment Thesis

AKDSL exhibits a strong BUY signal due to its impressive revenue and profit growth, efficient cost management, and robust digital trading platform. The company’s strategic focus on equity brokerage and high-net-worth individuals positions it well for future growth. The current price is expected to increase with a price target based on the current EPS and a conservative PE ratio in line with peers.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 25, 2025

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