External broker reports(aggregated public sources), Topline Securities

Topline Securities

Topline Securities is one of the fastest growing brokerage houses in Pakistan. It has strong equity brokerage, economic / equity research, mutual fund distribution, commodity trading and corporate finance & advisory functions. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

Fauji Fertilizer Company / Equity Bottom-Up

<ul><li>On Dec 04, 2024, the Honorable Lahore High Court (LHC) has sanctioned the merger by way of amalgamation of FFBL with and into FFC.</li><li>The swap ratio worked out by auditor is 4.29 shares of FFBL for 1 share of FFC.</li><li>The record date to determine identities of FFBL shareholders for their respective entitlements shall be Thursday Dec 26, 2024.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

On Dec 04, 2024, the Honorable Lahore High Court (LHC) has sanctioned the merger by way of amalgamation of FFBL with and into FFC.The swap ratio worked out by auditor is 4.29 shares of FFBL for 1 share of FFC.The record date to determine identities of FFBL shareholders for their respective entitlements shall be Thursday Dec 26, 2024.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Fauji Fertilizer Company (FFC): Post Merger 2025 Consolidated EPS Likely Around Rs76