
DollarsAndSense.sg
2020-08-16 09:43:53
4 Stocks This Week (E-Commerce) [14 August 2020] Synagie; Y Ventures; Shopper360; PlatoCapital
While majority of business sectors face uncertainties amid the current COVID-19-driven downturn, one of the beneficiaries has been companies with exposure to the e-commerce sector. An article on Forbes estimates that COVID-19 has accelerated e-commerce growth by 4 to 6 years, with increases in online spending up 77% in the US.
The Singapore Exchange (SGX) does not boast international juggernauts such as US’ Amazon and eBay, China’s JD.com, Alibaba and Tencent or Japan’s Rakuten. What it does have are smaller niche players who may potentially gain from the rise in prominence of the e-commerce industry.
In our 4 Stocks This Week column, we look at four Singapore-listed companies which have exposure to the vibrant and growing e-commerce industry.
Synagie Corporation (SGX: V2Y)
Founded