APT 0.97% $67.50 afterpay limited

COVID-19 is a positive to some companies like Afterpay, Kogan...

  1. 2,739 Posts.
    lightbulb Created with Sketch. 737
    COVID-19 is a positive to some companies like Afterpay, Kogan and Templar & Webster, and overseas companies like Amazon, Shopify etc.

    There was always a shift from brick & mortar to online, slowly but surely. COVID-19 has acted as a massive global catalyst. This means an increase in growth rates for these companies, and hence a rerate of the share price. There are obviously some draw backs with a recession, but on a net it's been positive.

    A second important point is the recession speeding up the decline in credit card usage and again, faster adoption in debt, cash and BNPL. Then obviously the Tencent partnership which means there is a possible way into mainland China (although that's just a pipe dream for now).

    Many many reasons why stocks mentioned above will do well in the medium/long run.

    All in my opinion.
watchlist Created with Sketch. Add APT (ASX) to my watchlist
(20min delay)
Mkt cap ! $18.16B
Open High Low Value Volume
$68.27 $70.00 $66.58 $173.7M 2.562M

Buyers (Bids)

No. Vol. Price($)
1 177 $67.50

Sellers (Offers)

Price($) Vol. No.
$67.58 5459 2
View Market Depth
Last trade - 16.10pm 03/07/2020 (20 minute delay) ?
-0.660 ( 1.54 %)
Open High Low Volume
$68.31 $70.00 $66.59 418206
Last updated 15.59pm 03/07/2020 (live) ?
APT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.