Stockiest Research

Stockiest Research This group objective is to provide financial/ technical analysis on different companies listed on PS

another monthly chart view, keep your eyes on it, re-tested the strong support area. However, due to market + company ...
04/03/2026

another monthly chart view, keep your eyes on it, re-tested the strong support area. However, due to market + company itself impact, can be a catalyst to break this support. Therefore, take a calculated risk only, don't be so much greedy at this point in time.

Chart Outlook Here we can see after today's closing, price touched bottom 7.60 (lower circuit) and closed at 9.53 (alm...
04/03/2026

Chart Outlook

Here we can see after today's closing, price touched bottom 7.60 (lower circuit) and closed at 9.53 (almost near upper cap). This trading activity formed Bullish Engulfing Pattern (This could be reversal signal). However, still need a validation to continue uptrend if price close above from 9.53 atleast and even sustain the mid of the today's range (8.56).

Volumes are too high compared to previous days, means interest increased. Still tomorrow's settlement ratio is important to see, if that increased so that indicates that people who purchased the stock today, they kept their holdings.

In light of the above scenraio, we still thought that don't take much of the risk and if you are getting a good amount of profit, those who entered at bottom, should book their partial or 70% to 80% profits without any greed.

Technical Picture | 03rd March 2026Folks, be greedy for short-term gains - rebound highly expected based on format...
03/03/2026

Technical Picture | 03rd March 2026

Folks, be greedy for short-term gains - rebound highly expected based on formation while price heavily "OVERSOLD" zone.

This can be a bullish reversal signal, however that only possible if price will not break the low 8.60 or during the day close above 9.06.

Price already down ~73% from the top on 8 Aug 2025.

So continued downtrend likely to halt soon and rebound probability increases.

Still do your own research before investing into this stock.

broken the rising wedge pattern. Expected downside risk and potential support in range of 140 to 150, in case market c...
28/02/2026

broken the rising wedge pattern. Expected downside risk and potential support in range of 140 to 150, in case market continued downtrend.

Cautious stance required while investing in this stock.

24/02/2026



Business overview:

Tri-Pack Films Limited (TRIPF), a major player in Pakistan's packaging industry (part of the Packages Group).

Tri-Pack Films Limited targets the Fast-Moving Consumer Goods (FMCG) sector, supplying packaging for over 70% of Pakistan's leading consumer brands.

Core Industry Targets
Tri-Pack Films focuses on industries requiring flexible, high-quality packaging for protection and shelf-life extension.

Food and Beverage: This is a primary target, including snacks, confectionery, dairy products, beverages, and fresh-cut vegetables.
Non-Food Applications: The company serves manufacturers needing overwrapping, bag making, and lamination for household items.
To***co Industry: A specialized target for their tobacco-grade BOPP films, with established relationships in the Middle East and other parts of world.

Product-Specific Targets
The company develops high-grade films designed for specific industrial requirements.

Hygiene and Home-Care: Supplies films for everyday essentials beyond food, such as soaps and detergents.
Labeling Solutions: Targets the labeling market with in-mold labels, high-gloss label films, and low-density options.
Technical Packaging: Targets specialized needs with products like anti-fog films, heat-resistive BOPP, and ultra-high barrier metallized films.

Market and Geographic Targets
While based in Pakistan, Tri-Pack Films actively pursues international expansion.

Domestic Market: As the market leader in Pakistan for both BOPP and CPP films, they target large-scale local FMCG manufacturers.
International Exports: The company currently exports to 19 countries, including targets in the Middle East, Bangladesh, Kenya, and South Africa.
Growth Segments: Recent efforts target the European market, as seen through participation in trade fairs like Fruit Logistica in Berlin and Packaging Innovations in the UK.

Sales and Profit Forecast:
Revenue Outlook: Analysts and market reports suggest continued revenue growth in 2025, supported by new export destinations and sustained local demand. Projections indicate a potential revenue growth of 12% to 18.40% in upcoming periods.

Turnaround Factors: A "Strong Buy" signal from technical analysts (as of Feb 2026) suggests investor confidence in the company's long-term strategy. The company’s focus on reducing debt through better cash flow and potential monetary easing could alleviate finance costs and support profitability, analysts noted.

Turnaround Strategy & Outlook:
Operational Expansion: The investment in a new, high-efficiency BOPP line 5 is expected to drive efficiency.
Export Growth: Management is focused on expanding into new, untapped export markets to diversify income.
Cost Management: The company is managing high raw material costs through price adjustments, though this has previously pressured margins.

Note : For informational purposes

Most Precious Kachra Stock :Monthly Chart Outlook looks very bearish at this moment until stock remains in this format...
22/02/2026

Most Precious Kachra Stock :

Monthly Chart Outlook looks very bearish at this moment until stock remains in this formation.

Horizontal Support resides near 50 (important level for make or break)

conitnuous downtrend push the price towards the Fib extension levels mentinoed below 33.45 followed by 16.35.

16.35 is far away from current level and considering market recovery we can expect pull-back.

Important point is be careful while investing into this stock.

Performance on Chart- Testing key support (horizontal)- Continuous downtrend (making lower highs)- RSI also indicating...
22/02/2026

Performance on Chart

- Testing key support (horizontal)
- Continuous downtrend (making lower highs)
- RSI also indicating a strong downward pressure
- In case of support breaks below then further downside expected.

19/02/2026



*Tri Pack Films -TRIPF: Financial projection for Q4 2025*

Financial Turnaround to unlock its true valuation potential.

Sales PKR 9,470 million (8% increase from Q3 sales)
GP @ 15% PKR 1,421 million
Operating expenses PKR 600 million
Other income PKR 100 million
Finance cost PKR 650 million
Taxation PKR 41 million
Projected profit after tax : PKR 230 million for Q4 2025
Projected EPS for Q4 2025: 5.92 per share

Projection theme:

-TRIPF is ready to ripe off benefit of capacity expansion and commissioning of its BOPP CPP digital product lines which has already enhanced capacity.

-Focus on reduction of energy cost remains key focus for the company. Active coordination with REON Energies to meet energy requirements triggers reduction in cost of production and improved bottom line.

-Operating at idle capacity of approx. 61% and company being the market leader in digital films and packaging segments where it holds 45% of the market with leading clients as customer base. Every 5% utilization of capacity to generate estimated annual profit of PKR 240 million.

-Fixed cost normalizing triggering increase in GP%.

-Strategic focus on export market with higher contribution margins. Driving topline and GP% significantly .

-Sales to grow with utilization of idle capacity as demand upticks both in local and export markets. Expected all time high annualised sales for 2025 is PKR 33 billion.

-Debts for expansion is controlled and principal is getting reduced by effecting repayments from cash generations.

-one time grid levy of PKR 241 million was charged as an expense impacting annual EPS of 6.22 per share. These have been accounted for in 2025 and are not recurring.

-projected annual eps for 2026 (conservative basis) is PKR 5 per quarter x 4 = 20 per share with probable resumption of annual dividends.

-Enterprise value or replacement value of TRIPF is well above PKR 440 per share.

-backed by Packages Limited, owns majority shares of TRIPF. Packages is IGI group one of the largest conglomerates of country.

-as per free float statement on website of company total free float is 6 million shares only as of 31 December 2025.

Note:projections are made on themes mentioned above and these are for informational purposes only.

18/02/2026



*Tri-Pack Films Limited - TRIPF*
Subsidiary of Packages Limited

Strong Q4 2025 profits to drive the show. Gearing up for new horizons !

Total free float : 7.76 million shares. 0.8 million shares with Funds, Banks etc. 6.96 million shares with Individuals ( HNW 4.46 million shares and General public 2.5 million shares only).

Current Market Capitalization PKR 7.1 billion @ 183.82 vs enterprise value of 446 per share. Upside potential of 154%.

TRIPF registered its highest levels in 2017 PKR 327 per share. TRIPF generally trades in range of 220-320 bandwidth historically.

TRIPF sales growth on YoY basis 19 percent resulting into staggering sales per share PKR 800 per share showing tremendous growth momentum. Share trades at price to sales ratio of 0.2x. Sales growth on QoQ for 2025 basis is 31%.

Market leader products : BOPP 35-40% market and CPP 27-30%.

TRIPF has been quite active in its developments, particularly concerning its manufacturing capabilities. Here's a summary of their latest key developments:

‎ * Significant Expansion: A major development is the successful completion and commissioning of a new Biaxially Oriented Polypropylene (BOPP) film line. This project was approved in late 2020 with an estimated investment of Rs. 9 billion

‎ * Increased Capacity: This new line significantly enhances Tri-Pack's production capacity for BOPP films. BOPP films are a core product for the company, used extensively in food and non-food packaging due to their excellent barrier properties, transparency, and printability.

‎ * Meeting Market Demand: The expansion aims to cater to the increasing demand for BOPP films in Pakistan and potentially for export markets.

‎ * Timeline: The project was targeted for commercial production in 2023, and it was successfully commissioned in July 2024. This means it's a very recent and impactful development for the company.

‎ * Revenue Growth: Tri-Pack Films has shown a consistent increase in its topline (revenue). For the nine month period ended 30 September 2025, sales volume has increased for products in local markets.

‎ * Profitability to augment: Due to decrease in discount rates and stable currency rates and increasing demand of product with new product lines of BOPP. GP margin strengthening due to company”s strategic focus on high margins export market regaining it CPP market share and most importantly gaining benefits of complete implementation of new product lines.

‎ * cost of sales: likely to reduce due to stable currency rates and reduction in energy cost etc.

‎ * Export Focus: the company successfully tapping new markets for specialized films, especially due to the energy crisis in China, which significantly boosted export sales volume. This indicates a strategic move to diversify their market reach. Export sales would be a game changer for TRIPF.

‎ * Product Innovation: While specific new product launches in the very recent past aren't heavily highlighted, past reports mention their focus on developing specialized films, such as tobacco-grade BOPP for the Middle Eastern market, showcasing their continuous efforts in product development.
‎In essence, Tri-Pack Films' latest development is centered around a significant capacity expansion with the commissioning of their new BOPP film line in 2024. This move is aimed at strengthening their market position and catering to growing demand, despite facing some recent profitability challenges driven by higher operational and finance costs.

Debt levels declined due to prudent working capital management.

TRIPF has always been hefty dividend payer at PSX for decades.
‎
TRIPF had gone through challenging times due to its expension plans, finance cost due to higher debt and import restrictions which has eased up considerably. The management is confident that due to operational efficiencies, effective working capital management and other cost reduction initiatives there will be improvement in margins and profitability of the company.

Export sales of the company are expected to grow further on the back of newly identified export destinations. The improvement in macroeconomic indicators will also fuel the growth of local sales. TRIPF has a geared capital structure; however, with monetary easing in place, finance cost will give some respite.

Considering its business model, solid group structure, management vision and presence in market, low free float of shares, TRIPF is yet to perform at PSX considering KSE 100 index levels. New price discovery levels to unfold soon. TRIPF has potential for upside of 200-220-240 per share.

TRIPF booked one time grid levy surcharge of 241 million. Company has sufficient tax provisions for current and future taxation.

Valuations:

Price to EV - 1x - 451 per share
Price to sales multiples - 0.3x - 240 per share
Book value multiples - 2x = 246 per share

Average : 312 per share

Tripf offers upside potential of 94% with possible turnaround, growing sales, reduction in fixed overhead cost, energy cost and other cost reduction initiatives.

Source : Financial Statements, CBS Report, website of company, PSX and SCS trade.

Note : For information only

17/02/2026

index made a tail in today’s session.

Its an early sign of U-turn, however keeps the hope alive.

Market still looks attractive at current levels.

16/02/2026


Opportunity up for grabs !

With reference to detailed analysis and potential upside opportunity in TRIPF back in Dec 2025, TRIPF is gaining momentum with volumes and was able to close at 168.3 which is its highest closing in last three years. This suggests potential breakout. From fundamental perspective, considering its low free float, strong Packages Group, all time high sales, increasing GP margins, reduction in energy cost due to cost reduction initiatives agreement with REON energies, reduction in finance cost due to use of optimal levels of working capital, strong Q3 financials, TRIPF is ready to unlock benefits of economies of scale of effective commissioning of BOPP and CPP product lines.

With enterprise value of 400+ and valuation on price to sales ratio also at higher side, TRIPF is in strong bullish accumulation zone. Offering decent upside potential.

Note: For information purposes.

16/02/2026



Good Q2 results reaffirms details articulated in our in depth coverage of Berger Paints.

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