Duyuru • Jan 24
AEL Textiles to Delist from PSX A gong ceremony was held at Pakistan Stock Exchange (PSX) at its Lahore office to mark the merger/amalgamation of AEL Textiles Limited (AEL) with and into Stylers International Limited (SIL). This was an important event for the capital market whereby AEL, a listed company which was formerly an energy company, and SIL will combine the businesses and assets of both the companies as well as share capital of their members into one company for value addition for both the companies' members. Subsequent to the completion of the merger/amalgamation process and issuance of shares of SIL to the registered members of AEL, the latter company will be dissolved and will be delisted from PSX whereas SIL will instead stand listed thereupon. Speaking about the merger/amalgamation of AEL with and into SIL, Farrukh H. Khan, MD and CEO PSX, stated, 'I am very happy to welcome Stylers International Limited, part of the US Group, to PSX. Listing and becoming part of the public markets is a significant event in the life cycle of a company, enabling the company to be on a path of sustainable and exponential growth. I congratulate Stylers International for this progressive development and for their listing on Pakistan Stock Exchange, wish them continuing success and look forward to welcoming their other group companies to PSX as well.' The CEO Stylers International, Hafiz Mustanser Ahmed, extended gratitude to the regulatory authorities, the PSX team, and all stakeholders who have played a pivotal role in the successful listing process. In shedding light on Stylers International's diversification and expansion strategies, Hafiz Mustanser provided detailed insights into the company's impressive denim apparel production annual capacity of 9 million pieces per annum, positioning it as a significant player in the textile industry. He also introduced Project Sunshine that is a facility, located at Raiwind Chunian Road, Lahore. It has received the LEED Platinum certification, spanning an expansive 0.5 million square feet of civil construction area and 35 acres of land, the facility represents a substantial investment, totaling $30 million. Project Sunshine is slated to become fully operational by the second half of 2024, marking a significant milestone in Stylers International of US Group's expansion timeline. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to PK₨33.68, the stock trades at a trailing P/E ratio of 55.6x. Average trailing P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 193% over the past three years. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to PK₨26.50, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 160% over the past three years. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to PK₨22.14, the stock trades at a trailing P/E ratio of 72.6x. Average trailing P/E is 13x in the Electric Utilities industry in Asia. Total returns to shareholders of 51% over the past three years. Board Change • Jun 19
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Zeeshan Ahmad was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 10
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Zeeshan Ahmad was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Jan 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Zeeshan Ahmad was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Zeeshan Ahmad was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Zeeshan Ahmad was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Zeeshan Ahmad was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Zeeshan Ahmad was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 23
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Zeeshan Ahmad was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Zeeshan Ahmad was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Director Zeeshan Ahmed was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 05
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Director Waseem Ashfaq was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 31
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Waseem Ashfaq was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jul 30
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Director Waseem Ashfaq was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Apr 20
Company Secretary has left the company On the 14th of April, Javed Naqvi's tenure in the role of Company Secretary ended. We don't have any record of a personal shareholding under Javed's name. A total of 2 executives have left over the last 12 months. Is New 90 Day High Low • Feb 21
New 90-day high: PK₨12.78 The company is up 5.0% from its price of PK₨12.15 on 23 November 2020. The Pakistani market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 14% over the same period. Is New 90 Day High Low • Oct 08
New 90-day high: PK₨14.33 The company is up 120% from its price of PK₨6.50 on 10 July 2020. The Pakistani market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 20% over the same period. Is New 90 Day High Low • Sep 18
New 90-day high: PK₨8.70 The company is up 119% from its price of PK₨3.98 on 19 June 2020. The Pakistani market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 43% over the same period.