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....