There could be a number of top ASX growth shares that are worth buying for a strong recovery when the coronavirus outbreak is over.
Whether this takes a month or six months to get over, there will probably be a strong rebound of share prices when countries are (sustainably) opened up again.
Don't forget that central banks around the world have reduced interest rates to almost 0% in an effort to support their respective economies. Shares will look cheap once the fear has gone.
Here are three shares that could see a strong rebound when things start getting better, or not getting worse. Investors are already trying to be positive with a recovery this week:
WiseTech Global Ltd (ASX: WTC)
The share price of WiseTech was smashed when global trade seemed to be shuddering to a halt. But things seem to be looking better, particularly with China largely returning to normal. Even Wuhan is seeing some light at the end of the tunnel.
I think cargo and shipping will get back to a resemblance of normality quicker than air passenger traffic, so WiseTech could be a share to see a recovery of volumes sooner than travel shares.
Having good software will be important for many businesses to get back into normal operations over the coming months.
Local and global shipping will remain important for a long time to come.
REA Group Limited (ASX: REA)
The share price of REA Group was down 43% at one point, though thanks to the rise this week it's now down 'only' 32%.
The real estate market has gone into a bit of freeze right now with auctions and open houses currently banned. We don't know how long this ban will be for. Agents are coming up with a number of initiatives such as online bidder services and virtual property tours.
It may only be forced sellers that try to push a sale through in the coming weeks. REA Group's realestate.com.au will be important for facilitating anything to go through.
The property market will get back to normal at some point and that could cause a rebound of volumes for REA Group.
Altium Limited (ASX: ALU)
Altium may be one of the best-placed businesses to get through this period relatively unscathed because of its cloud-based Altium 365 service (and good balance sheet).
The electronic PCB software business' share price is still down 17.5% from 21 February 2020 despite the strong rise this week.
Altium had already warned that it was being affected by China, so the outbreak in the rest of the world will probably slow growth as well. But in the longer-term people will continue developing new technological items, machines and services which will need software provided by Altium.
Foolish takeaway
All three businesses have been hit hard, but they could rebound strongly once the outbreak has calmed down in the US. I'd wait a couple of weeks before buying though, there may be a bit too much optimism at the moment about how short the outbreak will be in America.
