Your analyst Daniel Kukalj
With more than 15 years capital markets experience, thereof more than ten years as an equity research analyst, I have a profound knowledge of capital markets mechanisms. Since start at Quirin Privatbank I get the possibility to take part in the growth process of the Institutional clients business.
After work I enjoy playing with my two little daughters, training in the gym and the summer time sailing in the most beautiful sailing waters of Croatia.
Reports by Daniel Kukalj
14 November 2024
TEST mit PDF
7C Solarparken AG
Target price
Recommendation
23 October 2023
Test 24.10.2023 #4
Accentro Real Estate AG
Target price
Recommendation
23 October 2023
Test 24.10.2023 #6
Accentro Real Estate AG
Target price
Recommendation
23 October 2023
Test 24.10.2023 #9
Accentro Real Estate AG
Target price
Recommendation
23 October 2023
Test 24.10.2023 #10
Accentro Real Estate AG
Target price
Recommendation
23 October 2023
New Report from marco
Aurubis AG
Target price
Recommendation
23 October 2023
Test 24.10.2023 #33
7C Solarparken AG
Target price
Recommendation
21 February 2023
TEST MM 22.02. 1
Accentro Real Estate AG
Target price
Recommendation
01 February 2023
test 2. Februar 2023
Accentro Real Estate AG
Target price
Recommendation
10 November 2019
GFT with very positive Q3 figures – significant pick-up on revenues
Accentro Real Estate AG
Target price
Recommendation
10 November 2019
GFT with very positive Q3 figures – significant pick-up on revenues
Accentro Real Estate AG
Target price
Recommendation
19 August 2019
Test NEU
Accentro Real Estate AG
Target price
Recommendation
18 August 2019
Test
Aves One AG
Target price
Recommendation
18 August 2019
test 3
Aurubis AG
Target price
Recommendation
18 August 2019
Test4
Aurubis AG
Target price
Recommendation
19 May 2019
Uninspiring Q1 figures, shaky end-markets and lock-up ending ahead
STS Group AG
Target price
Recommendation
14 May 2019
Net debt higher than market cap. – Capital increase mandatory – Massive dilution ahead – SELL now
Leoni AG
Target price
Recommendation
05 May 2019
Hands off – we do not believe in H2 sales of at least EUR 496m
Stabilus SA
Target price
Recommendation
16 April 2019
The pressure is fading
Grammer AG
Target price
Recommendation
14 April 2019
Outperformance ahead – BUY now
HELLA GmbH & Co KGaA
Target price
Recommendation
10 April 2019
Racehorse: HRPK, NDA
7C Solarparken AG, Aurubis AG
Target price
Recommendation
08 April 2019
Relief rally might be over – Problems not off the table
Leoni AG
Target price
Recommendation
27 March 2019
High FCF, but low Dividend pay-out
JOST Werke AG
Target price
Recommendation
27 March 2019
Geis(inator) to spur profitability
SAF-Holland SA
Target price
Recommendation
20 March 2019
2019 outlook okay, but not a catalyst
Norma Group SE
Target price
Recommendation
18 March 2019
The manure should be out now
Leoni AG
Target price
Recommendation
19 February 2019
If more worse quarters than floating of up to 32m new shares –> dilution
Elringklinger AG
Target price
Recommendation
10 February 2019
Nepotism should come to an end – Due to ‘Value21’ blood will flow
Leoni AG
Target price
Recommendation
03 February 2019
Weak Q1 results and reduced outlook broadly priced into share price
Stabilus SA
Target price
Recommendation
13 January 2019
Maintaining contrarian to consensus - relief rally good opportunity to divest
HELLA GmbH & Co KGaA
Target price
Recommendation
08 January 2019
‘Motley group’ without any track record and low transparency
STS Group AG
Target price
Recommendation
10 December 2018
After impressive sell-off time to HOLD
Stabilus SA
Target price
Recommendation
21 November 2018
JOST is a cash cow vs SAF-HOLLAND
JOST Werke AG
Target price
Recommendation
15 November 2018
2019 consensus too high, further revisions necessary –> revaluation
Stabilus SA
Target price
Recommendation
07 November 2018
10 years of positive free cash flow generation might come to an end – First time since IPO negative FCF
SAF-Holland SA
Target price
Recommendation
06 November 2018
FY 18 profitability outlook at risk – Q4 seasonally the weakest in the year
Norma Group SE
Target price
Recommendation
21 October 2018
Focus on 2019: No catalysts so far
Leoni AG
Target price
Recommendation
15 October 2018
European car market starts to weaken – as a result reduced FY 2018 outlook
Grammer AG
Target price
Recommendation
04 October 2018
Downgrade to SELL – headwinds imply difficult start into Q1 18/19
Stabilus SA
Target price
Recommendation
26 September 2018
Toxic mix: WLTP, European car market cyclicality, US/China tensions
HELLA GmbH & Co KGaA
Target price
Recommendation
24 September 2018
The whole mgmt board is going to leave
Grammer AG
Target price
Recommendation
27 August 2018
Peak quarter and likely the turning point to the downside
JOST Werke AG
Target price
Recommendation
14 August 2018
Likely transition year 2019
Leoni AG
Target price
Recommendation
12 August 2018
Peak scenario for EBIT margin…
HELLA GmbH & Co KGaA
Target price
Recommendation
07 August 2018
The air has gone completely
Grammer AG
Target price
Recommendation
06 August 2018
Net debt higher than market cap
Elringklinger AG
Target price
Recommendation
05 August 2018
Strong organic growth, but some clouds regarding ‘capex’ cycle
Stabilus SA
Target price
Recommendation
26 July 2018
Commodity prices dragging down FY adj. EBITA margin firstly under 17%
Norma Group SE
Target price
Recommendation
18 July 2018
Market expectations too ambitious
HELLA GmbH & Co KGaA
Target price
Recommendation
16 July 2018
Second profit warning within one year
SAF-Holland SA
Target price
Recommendation
25 June 2018
‘Every year’ - profitability reduction
Elringklinger AG
Target price
Recommendation
10 June 2018
Limited upside potential
Norma Group SE
Target price
Recommendation
28 May 2018
The cuckoo lays its eggs in other birds' nests – in this case GRAMMER itself
Grammer AG
Target price
Recommendation
23 May 2018
Q1 figures not a game changer
JOST Werke AG
Target price
Recommendation
21 May 2018
Initiation: ‘Stabilus’ is everywhere
Stabilus SA
Target price
Recommendation
15 May 2018
More room to the upside
Leoni AG
Target price
Recommendation
08 May 2018
Weak set of financials for Q1 2018
SAF-Holland SA
Target price
Recommendation
06 May 2018
For FY 2018 stronger organic sales growth expected – TP upped to €70
Norma Group SE
Target price
Recommendation
25 April 2018
Initiation: Remember summer 2015; Mid-term expectations look exaggerated
HELLA GmbH & Co KGaA
Target price
Recommendation
15 April 2018
Weak profitability expected in Q1 18
SAF-Holland SA
Target price
Recommendation
12 April 2018
Initiation: Track record: Sales growth in 19 of 20 years with high margins
Norma Group SE
Target price
Recommendation
02 April 2018
Initiation: Mid-term expectations look exaggerated
JOST Werke AG
Target price
Recommendation
27 March 2018
Where is the 13% EBIT margin…?
Elringklinger AG
Target price
Recommendation
22 March 2018
Solid 2018 outlook broadly priced in
Grammer AG
Target price
Recommendation
15 March 2018
Final 2017 figures not a share price catalyst; Acquisition too expensive
SAF-Holland SA
Target price
Recommendation
06 March 2018
‘Best of two worlds’, but only adj. margin of 8-8.5%, headwinds ahead…
SAF-Holland SA
Target price
Recommendation
06 February 2018
Initiation: Wage increases and high R&D expense cycle around the corner
Elringklinger AG
Target price
Recommendation
28 January 2018
Initiation: Sword of Damocles slowly fading – chances and risks well balanced
Grammer AG
Target price
Recommendation
21 January 2018
The valuation play - catch-up potential to its peer group
Leoni AG
Target price
Recommendation