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3 Companies That Could Double in 2021 and Beyond
By The Smart Investor  •  January 3, 2021
2020 was undoubtedly a year of ups and downs. While the COVID-19 pandemic created a dearth of demand for travel and tourism services, some businesses received a strong boost from it. The result was that companies in certain industries such as cloud computing, technology products and services, and rubber gloves did extremely well. Share prices of iPhone manufacturer Apple (NASDAQ: AAPL) rose around 80% year to date, while e-commerce and online payments provider Mercado Libre (NASDAQ: MELI) more than doubled. Top Glove Corporation Berhad (SGX: BVA), the world’s largest manufacturer of rubber gloves, saw its shares nearly quadrupled this year as demand soared for its products. Such opportunities have arisen because of the shift to online, triggering higher levels of data usage as more people telecommute. Now that 2020 is over, which companies should we be eyeing in 2021? The pandemic has separated the wheat from the chaff, and strong companies that can adapt their business model to cater to the new normal will do well next year....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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