PakStox Outlook

AGTL | Al-Ghazi Tractors Limited launches a new 85 HP Tractor. link PSO imported 105 LNG vessels, totalling 6,369 thousand tons, a 6.9% increase from the previous year, See Annual Report 2024.  "PSO is joining forces with Frontier Works Organization (FWO) and Inter State Gas Systems (ISGS) to launch the White Oil Pipeline initiative." established establishment. FEROZ | Ferozsons Laboratories Limited has partnered with Gilead Sciences to manufacture and sell generic lenacapavir in developing countries. This will help increase access to this HIV medication in regions with limited resources. Link TPL | TPL Corp Limited announced a loss of Rs 1.39 billion (loss per share of Rs 5.23, last year Rs -3.23) for the year ending June 2024. Operating income was just Rs 144 million and financial charges were over Rs 1.48 billion. See P&L. TRG has issued its annual report. This is what Directors' Report states about the loss. " The most significant item on our balance sheet...

Everything about TRG is convoluted and roundabout, making it surprising how the company remains listed and actively traded. The Pakistan Stock Exchange (PSX) lists TRG under the 'Technology and Communication' sector. Initially, TRG had obtained a venture capital license from the SECP under NBFC rules. After holding this license for ten years, the company forfeited it. Currently, TRG states that its primary activity, through its associate The Resource Group International Limited (TRGIL), is to invest in a portfolio focused on the technology and IT-enabled services sectors. TRG’s entire asset base consists of just one company, The Resource Group International Limited (TRGIL), registered in Bermuda. TRG owns 68.8% of TRGIL and holds a 100% beneficial interest in it. However, due to existing agreements, TRG cannot appoint the majority of TRGIL’s board members or control more than 50% of its voting power. While TRG has frequently issued rights, it has only paid a meaningful cash div...