Australia is set to become a house-bound nation – at least for the next month or two. Living and working mostly inside will come with a lot of challenges – especially for those of us with young families!
But it will also be a challenge for thousands of businesses across the country. As cafes and restaurants move to 'take-away only' and retail and non-essential shops move 'online-only', many ASX companies are sadly going to find the next chapter in the Australian story very difficult, to say the least
And yet a handful of ASX companies look set to benefit from this temporary change to our society. And since we Fools like to spread good news where possible, I thought I would discuss 3 that I think fall into this category.
Kogan.com Ltd (ASX: KGN)
Kogan is often described as 'Australia's answer to Amazon' for its online-centric business model and wide range of products and services it sells – ranging from household essentials and insurance to TVs, games and electronics.
Thus, Kogan is a company likely poised to benefit from a housebound country. Its wide range of offerings and comparatively cheap prices make this a company bound to attract lots of attention from online shoppers, making a share well worth considering today, in my opinion.
CSL Limited (ASX: CSL)
CSL is Australia's largest healthcare company (and recently became Australia's largest company, period). This is a business specialising in blood medicines, research and vaccines – and it is playing an active role in the search for a COVID-19 vaccination.
CSL was called upon by the Federal Government during the 2009 swine flu epidemic and so I think CSL is something of a safe harbour stock in these uncertain times. The CSL share price was trading at record highs in February but has since come off the boil – making it a great opportunity to add a position in CSL to your portfolio, in my opinion.
Coles Group Ltd (ASX: COL)
Coles needs no introduction today – I'm sure many of us would have become even more acquainted with Australia's second-largest grocer in the last few weeks. This company is an obvious beneficiary of the current coronavirus situation – customers dreading 14-day isolation have been stocking up on food and essentials for weeks now, likely putting Coles on track for one of its biggest sales periods in history
Coles also pays a healthy dividend, which will net you a grossed-up yield of 3.67% on current prices.
