Original research: LAIQON AG (by First Berlin Equity Research GmbH): Buy

Original research: LAIQON AG – by First Berlin Equity Research GmbH

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20.08.2024 / 13:11 Central European Time/Central European Time

Dissemination of a survey, broadcast by EQS News – a service of EQS

Group AG.

The publisher is solely responsible for the content of this research.

the results of this research do not constitute investment advice or a

invitation to conduct certain stock exchange transactions.

Classification of First Berlin Equity Research GmbH to LAIQON AG

Company name: LAIQON AG

ISIN code: DE000A12UP29

Reason for the investigation: Initiation of the mating

Recommendation: Buy

from: 20.08.2024

Target price: 9.80 euros

Target price at sight of: 12 months

Last review change: –

Analyst: Christian Orquera

First Berlin Equity Research on 20/08/2024 started coverage of LAIQON AG

(ISIN: DE000A12UP29/ Bloomberg: LQAG GR). Analyst Christian Orquera posted a

The stock gets a BUY recommendation, with a price target of EUR 9.80.

Abstract:

LAIQON AG (LAIQON) is an independent asset and wealth management company

providing investment solutions related to environment, society and governance

(ESG) focus on private and institutional clients, driven by its innovative

Digital Asset Platform (DAP) 4.0. The company’s subsidiary, LAIC, combines DAP

4.0 with advanced artificial intelligence (AI) techniques to

fully automated WealthTech advisor. The LAIC advisor is able to actively

offers over 1 million personalized, AI-powered portfolio alternatives of stocks, funds

and ETFs according to each client’s personal risk profile. The less

more advanced colleagues usually manage a few ETFs or fund portfolios (passive

strategy). These unique features convinced the German asset manager

Union Investment (Union) becomes LAIC’s white-label distribution partner.

The deal validates LAIC’s technology and could attract attention from

other leading financial institutions (e.g. private banks, insurance companies)

companies and large fintechs). With a distribution network of >600

cooperative banks, Union has the potential to generate EUR 1.5 billion in assets under management for

LAIC by 2025 and EUR 5.5 billion-EUR 6.5 billion by 2028. Union launches LAIC advisor in Q4

2024 for those of its sophisticated high net worth clients looking for

personalized active investment strategies. We believe this deal

LAIQON’s current AuM of EUR 6.4 billion to the next level of growth. LAIQON Share Offering

an attractive value proposition to participate in the German revival

WealthTech landscape. Our DCF valuation model yields a fair value of EUR 9.80

p/s. We initiate coverage with a Buy rating and a target price of EUR9.80.

First Berlin Equity Research published the reporting of LAIQON AG on 20.08.2024

(ISIN: DE000A12UP29/ Bloomberg: LQAG GR) aufgenommen. Analyst Christian

Orquera is backing the stock with a BUY rating, with a quoted price of EUR

9.80.

Summary:

The LAIQON AG (LAIQON) is an unreliable representative of the private sector

und institutional Kunden Anlagelösungen mit Fokus auf Umwelt, Soziales

and Governance (ESG) provide innovative digital assets

Basing Platform (DAP) 4.0. Die Tochtergesellschaft LAIC comes together with the DAP

4.0 with modern techniques of intelligent intelligence (AI), one thing

fully automatic WealthTech-Berater zu purchase. The LAIC-Berater is in

van Lage, active more than 1 million personalization, AI-driven

Portfolio alternatives of Assets, Funds and ETFs include them

personal risk profiles are possible. Those less

Anspruchsvollen Peers are confused with few ETFs or Fund Portfolios

(passive strategy). These uniform branded items are in German

Vermögensverwaltungsriesen Union Investment (Union) davon überzeugt,

You would become a White Label Sales Partner of LAIC. Die Vereinbarung bestätigt

the Leistungsfähigkeit der Technology of LAIC and can the Aufmerksamkeit

more prominent Finanzinstitute (zB Privatbanken, Versicherungen und

large Fintechs) in person. With a turnover of more than 600

Genossenschaftsbanken hat Union das Potenzial, bis 2025 AuM von EUR1.5 Billion.

and from EUR5.5 Bn to EUR6.5 Bn by 2028 for LAIC is general. Union wire

LAIC advisor in 4. Quarter 2024 for the future of potential assets

It is easy to change the personalized active anlage strategy. We sin

der Meinung, dass die Transaktion die derzeitigen AuM von LAIQON von EUR6,4

Mr. on the next Wachstumsebene. The LAIQON promotion is a fact

Attractives Wertversprachen, um am Aufschwung der Deutschen

WealthTech-Landschaft teilzuhaben. Unser DCF-Bewertungsmodell ergibt einen

fair Value of EUR9.80. We take the Coverage with a Buy Rating and

a Kursziel of EUR 9.80.

Bezüglich der Pflichtangaben gem. §85 Abs. 1 S. 1 WpHG and dev

Perform a full analysis.

You can download the study here: http://www.more-ir.de/d/30567.pdf

Contact us for questions:

First Berlin Equity Research GmbH

Mr. Gaurav Tiwari

Phone: +49 (0)30 809 39 686

website: www.firstberlin.com

E-mail: (email protected)

The EQS distribution services include regulatory announcements,

Financial/business news and press releases.

Archive at www.eqs-news.com

1971605 20.08.2024 Central European Time/Central European Time

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Source: dpa-AFX