TSMF

⚡ Flash Summary

TSMF announced: Board Meeting. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• TSMF made announcement: Board Meeting
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for TSMF. Manual verification required.

⚡ Flash Summary

Tri-Star Mutual Fund Ltd. held its Annual General Meeting on October 28, 2025, where the audited accounts for the year ended June 30, 2025, along with the Directors’ and Auditors’ Report, were approved. Additionally, M/s. Feroze Sharif Tariq & Co., Chartered Accountants, Karachi, were appointed as the Statutory Auditors of the company. Their remuneration was set at Rs. 225,000/-. The announcement was made to the Pakistan Stock Exchange Ltd. pursuant to clause 5.6.9(b) of the PSX Regulations.

📌 Key Takeaways

• ✅ AGM held on October 28, 2025.
• 💰 Audited Accounts for the year ended June 30, 2025 approved.
• 📜 Directors’ and Auditors’ Report approved.
• 👨‍💼 M/s. Feroze Sharif Tariq & Co. appointed as Statutory Auditors.
• 🏢 Auditors are based in Karachi.
• 💸 Auditors’ remuneration fixed at Rs. 225,000/-.
• 🇵🇰 Announcement made to Pakistan Stock Exchange Ltd.
• 📑 Compliance with PSX Regulation 5.6.9(b).
• 📅 Fiscal year end confirmation: June 30, 2025.
• 🤝 Continued association with current auditors.

🎯 Investment Thesis

Given the nature of the announcement, a HOLD recommendation is appropriate. The information pertains to standard corporate governance procedures and doesn’t provide a strong case for either buying or selling. Investors should monitor future announcements for more financially relevant information. The absence of significant changes warrants maintaining the current position.

⚡ Flash Summary

Tri-Star Mutual Fund Ltd. is scheduled to host a Corporate Briefing Session (CBS) on Wednesday, November 12, 2025, from 3:00 pm to 3:30 pm PST. The purpose of the CBS is to provide shareholders, investors, and analysts with highlights of the company’s financial performance. Interested parties can virtually attend by clicking on the provided Microsoft Teams link, using the Meeting ID 472 834 313 133 8 and Passcode 8Uu7AU9U.

📌 Key Takeaways

• 🗓️ Tri-Star Mutual Fund Ltd. will hold a Corporate Briefing Session (CBS).
• 🤝 The CBS is intended for shareholders, investors, and analysts.
• 🎯 The session aims to highlight the company’s financial performance.
• 📅 Date: Wednesday, November 12, 2025.
• 🕒 Time: 3:00 pm – 3:30 pm PST.
• 💻 The CBS will be held virtually.
• 🔗 Interested attendees should use the provided Microsoft Teams link.
• 🔑 Meeting ID: 472 834 313 133 8.
• 🔐 Passcode: 8Uu7AU9U.
• 📢 The company appreciates assistance in communicating this information.

🎯 Investment Thesis

Given the lack of financial data, a neutral HOLD recommendation is appropriate. Further information from the briefing session is needed to make a more informed investment decision.

⚡ Flash Summary

TSMF announced: ransmission of Annual Financial Statements for the Year Ended 2025-06-30. Basic analysis suggests neutral sentiment. Professional review recommended.

📌 Key Takeaways

• TSMF made announcement: ransmission of Annual Financial Statements for the Year Ended 2025-06-30
• Automated analysis: HOLD signal detected
• Signal strength: 5/10
• This is basic analysis – manual review recommended
• Professional CFA analysis unavailable

🎯 Investment Thesis

Basic HOLD indication for TSMF. Manual verification required.

⚡ Flash Summary

Tri-Star Mutual Fund Ltd. has announced its Thirty Third Annual General Meeting to be held on October 28, 2025, in Karachi. The primary agenda includes the recitation from the Holy Quran, the adoption of audited accounts for the period ended June 30, 2025, along with the Directors’ and Auditors’ reports, and the appointment of company auditors. Share transfer books will be closed from October 23, 2025, to October 30, 2025. Shareholders can participate via video conference, subject to prior registration, and are required to provide necessary identification documents.

📌 Key Takeaways

• 🗓️ AGM scheduled for October 28, 2025.
• 📍 Location: F/538, S.I.T.E., Karachi.
• 📖 Recitation from the Holy Quran as the first agenda item.
• ✅ Adoption of audited accounts for the period ended June 30, 2025.
• 🧑‍⚖️ Appointment of Company Auditors.
• 🔒 Share transfer books closed from October 23-30, 2025.
• 💻 AGM participation via video conference available.
• 📧 Shareholders must register via email: mutualfund@tristar.com.pk.
• 🆔 Required details for registration: Name, Folio Number, CNIC Number, Shares held.
• ✉️ Email subject: “Registration for Tri-Star Mutual Fund Limited AGM”.
• ⏰ Registration emails must be received 48 hours before the AGM.
• ❓ Shareholders can submit questions before the AGM via email.
• 📜 Proxy forms must be received at the registered office 48 hours before the meeting.
• 🛂 CDC shareholders must bring original CNIC or Passport.
• 🌐 Audited financial statements available on the Company’s website.

🎯 Investment Thesis

Based on the AGM notice alone, a HOLD recommendation is appropriate. Further analysis requires a review of the audited financial statements. Without financial data, it is premature to issue a BUY or SELL recommendation. A price target and time horizon cannot be determined without further financial information.

⚡ Flash Summary

Tri-Star Mutual Fund Limited reported its financial results for the year ended June 30, 2025. The fund’s total assets increased from PKR 93.08 million in 2024 to PKR 113.73 million in 2025. However, the profit after taxation decreased from PKR 24.17 million to PKR 21.57 million year-over-year. The net assets value per certificate increased from PKR 14.37 to PKR 17.27.

📌 Key Takeaways

• 📈 Total Assets increased by 22.18% from PKR 93.08 million to PKR 113.73 million.
• 📉 Profit after taxation decreased by 10.78% from PKR 24.17 million to PKR 21.57 million.
• 💼 Investments increased by 21.91% from PKR 92.38 million to PKR 112.61 million.
• ⚠️ Unrealized loss due to change in fair value of investment increased from PKR (2.08) million to PKR (4.17) million.
• 💰 Unappropriated profit increased by 69.21% from PKR 23.94 million to PKR 40.51 million.
• NAV per certificate increased by 20.18% from PKR 14.37 to PKR 17.27.
• 💸 Profit from operation decreased by 6.93% from PKR 26.95 million to PKR 25.08 million.
• 🏢 Operating expenses increased by 31.25% from PKR 2.36 million to PKR 3.10 million.
• ⚠️ Other comprehensive loss increased to PKR (2.09) million from a gain of PKR 6.17 million.
• 💸 Total comprehensive income decreased by 35.75% from PKR 30.34 million to PKR 19.48 million.
• Earnings per certificate decreased from PKR 6.07 to PKR 3.90.
• Dividends of PKR 5 million were paid.
• Cash and cash equivalents increased from PKR 50,243 to PKR 460,241

🎯 Investment Thesis

HOLD. The fund shows a mixed performance with asset growth offset by declining profitability and increasing unrealized losses. While the NAV per certificate has increased, the decrease in earnings per certificate raises concerns. Without a more detailed analysis of the portfolio composition and sector performance, it is difficult to recommend a buy or sell. A hold recommendation is appropriate until further information clarifies the fund’s future prospects. Price target: PKR 17.00, Time Horizon: 12 months.