More than 50% upside potential! Zalando, thyssenkrupp, and stock market newcomer Finexity!

Finexity pushes ahead with internationalization: Investments in Dubai real estate

Finexity currently offers an attractive entry opportunity for investors with a bit of patience. The stock has been listed on the Munich Stock Exchange since early September. Analyst research and Xetra listing should soon increase awareness among private and institutional investors and drive the share price. The business model offers strong appeal for a compelling stock market story: Finexity operates a trading platform for tokenized assets, enabling real estate, infrastructure projects, and luxury goods to be issued as tradable securities—with greater transparency and lower costs. Over 250 securities are already listed, and the trend continues upward.

Most recently, the Company has been pushing ahead with internationalization. Finexity is giving investors access to one of the most exciting real estate markets in the world: Dubai. The key advantage: instead of having to purchase entire properties, investors gain access to locally structured investments in small denominations via a security regulated in Germany. The first offering involves the redevelopment of a luxury villa in the prestigious Al Barari district. Subscriptions have been open since Monday (October 6, 2025) via the trading partners of the Finexity trading platform. Issues in the double-digit million euro range are planned for 2026 for projects in the United Arab Emirates. At the same time, Finexity is establishing professional fund structures aimed at institutional investors, with the first products scheduled to launch in the first quarter of 2026.

The real estate market in Dubai is currently regarded as one of the most dynamic in the world – offering highly attractive opportunities for investors. While many Western markets are suffering from high interest rates and weakening demand, Dubai continues to benefit from strong population growth, political stability, and a steady influx of international capital. At the same time, the city serves as a safe haven for wealth from Europe, Russia, and Asia – a factor that further supports the price trend. For investors seeking tangible assets with solid growth prospects, Dubai remains one of the most compelling markets globally. Finexity, in turn, represents an exciting way to participate in this trend.

Zalando: 50% price potential or strike problem?

Strike at Zalando. Work stoppages are currently taking place at several locations of the e-commerce company. Erfurt and Mönchengladbach are among the locations affected. The ver.di union is demanding that the online retailer recognize the collective bargaining agreements for the retail and mail order sectors. The focus is on higher wages, shorter working hours, better bonuses, and better pension provisions. The Company counters that only a small proportion of employees are actually striking and that logistics remain largely functional. The conflict has been smoldering for months and has recently escalated significantly.

Zalando's share price has remained largely unaffected on the stock market so far, but investors are watching the situation closely. Prolonged strikes could put pressure on supply chains and further squeeze the already tight profit margin. In addition, Zalando has already formulated its forecast for the second half of the year more cautiously.

Nevertheless, UBS sees significant upside potential for the DAX-listed stock. Analysts have set a fair value of EUR 43, while the share is currently trading just below EUR 27. The figures for the second quarter have been misinterpreted by the capital market. Zalando should benefit in the coming months from the tailwind in the online business, an improvement in margins, and the value creation potential from the ABOUT YOU acquisition.

thyssenkrupp: What will happen to the steel division?

While Finexity has already made the leap onto the trading floor, preparations for the planned IPO are underway at thyssenkrupp's marine division. TKMS (thyssenkrupp Marine Systems) is actually supposed to be spun off this year. However, there are now increasing signs that this will be delayed until next year. The submarine and naval ship business is considered one of the group's most profitable segments. The plan is to transfer around 49% of the shares to thyssenkrupp shareholders, while the group itself retains overall control. The strong order backlog with a volume of EUR 16 billion and solid operational performance are fueling share price speculation.

Currently, however, the weakening steel sector is once again the focus of attention. Czech entrepreneur Daniel Křetínský, long considered a strategic partner, has surprisingly withdrawn and sold his stake in the steel division. This effectively ends plans for a joint venture that was intended to drive the restructuring of this long-established business. Now, Indian investors, led by Jindal Steel, are coming into focus. The Company is said to be considering a takeover bid to acquire a stake in thyssenkrupp Steel Europe. Whether a deal will actually be reached remains to be seen – but one thing is clear: while the marine division is heading for the capital market, the steel division faces an uncertain future.

The capital market story at Finexity is taking shape. Patient investors who get in now could benefit, as upcoming research coverage and a potential Xetra listing are expected to raise visibility. UBS remains optimistic about Zalando, though, for the share price to rise, the economic environment in Germany must also play along. thyssenkrupp shares have benefited this year from the hype surrounding the marine division. But what will remain of the group if the steel division is also spun off?