Top 5 stocks for 2021
The 2020 year was like no other in the 27-year history of Top Stocks. It makes for difficulty in assessing each company’s latest financial results and making predictions about the future. Certainly, few of the companies in the book, when announcing their latest financial results, were prepared to give guidance on revenues and profits for the 2021 financial year.
A large number of the companies saw their operations affected by the Covid-19 pandemic. Some of them actually benefited. They included retailers like JB Hi-Fi and Harvey Norman, each of which saw a rush of business for home appliances and electronics goods from consumers stuck at home in lockdown. Harvey Norman noted that, with many Australians unable to spend on restaurants and travel, it was gearing up for a buoyant Christmas period.
There were a few surprising beneficiaries as well. Computer wholesaler Dicker Data – in the book for the first time – saw a surge in demand for computer equipment and software from people forced to work from home. Ansell enjoyed
