APT 0.97% $67.50 afterpay limited

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

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    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.
 
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