Seven ASX-listed 'stay-at-home' stocks for investors

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Seven ASX-listed 'stay-at-home' stocks for investors

 Seven ASX-listed 'stay-at-home' stocks for investors
Image source: ranjith ravindran, Shutterstock.com

Highlights

  • As different states of Australia witness coronavirus lockdowns, people are forced to stay at home.
  • As seen earlier, some activity restrictions generally remain even after the restrictions are lifted.
  • In such a scenario, people make more careful decisions in terms of spending. 

As different states of Australia witness coronavirus lockdowns, people are forced to stay at home. As seen earlier, some activity restrictions generally remain even after the restrictions are lifted. In such a scenario, people make more careful decisions in terms of spending. There are certain spends which rise, while others fall accordingly. Here we look at ASX-listed 'stay-at-home' stocks (based on year-to-date (YTD) returns) that may be good bets for investors:

(However, one needs to do a thorough research before taking any exposure as sinusoidal market trends are evident.)

 
ASX Stay at home Stocks for Investors

IDP Education Ltd (ASX:IEL)

IDP Education provides international student placement services. Shares of the company have delivered a return of nearly 34% so far this year as of previous closing i.e. 20 August 2021. The past year return stands at 43%.

The stock has been lapped up by investors in the past few weeks. There was a major trigger in July that sharply lifted the share price.

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Key points

  • IDP last month announced an agreement to acquire the British Council’s Indian International English Language Testing System (BC IELTS India) operations.
  • The deal makes the company the sole distributor of IELTS in the key Indian market.
  • Analysts too gave the thumbs up to the deal, expecting it to pave the way for further transactions in other countries.

JB Hi-Fi (ASX:JBH

JB HI-FI Limited is an Australia’s leading retailer of home consumer products. Shares of the company have given a negative YTD return of 3%. The past year return stands at 6%.  Despite fall in share price, the analysts expect the stock to do well going forward due to its strong fundamentals.

  • In the financial year 2021, the company announced a 67.4% increase in profit.
  • The earnings were primarily supported by JB Hi-Fi's online business, which rose by 78.1% in sales and contributed AU$1.1 billion to the company's profit.
  • The company’s board also announced a 107-cent-per-share final dividend, fully franked.
  • It takes the FY21 dividend to 287 cents per share.

Source: © Kiosea39   | Megapixl.com

Harvey Norman Holdings Ltd (ASX:HVN)

Shares of the Australia-based retailer have given a return of 21% so far this year. In the past year, the stock returns were 33%.

Harvey Norman is engaged in the business of selling furniture, computer, bedding, consumer electricals and communication products.

  • The company has done well with stay-at-home orders during the lockdowns.
  • The company’s profit before tax (PAT) more than doubled in the first six months of FY21.
  • Underlying net PAT increased by 115.8%.
  • The offshore company-operated retail sales revenue rose by 21.8% in the first half of FY21.

Nick Scali Ltd (ASX:NCK)

Shares of the furniture retailer have given a YTD return of 20%. The past year return stands at nearly 25%. In the financial year 2021, Nick Scali doubled its profits and increased the final dividend for the shareholders.

  • The sales climbed by 42.1% over FY21. The operating costs were primarily in line with last year.
  • Underlying net profit after tax (PAT) rose by 100% for FY21.
  • However, the company didn’t provide profit guidance for the first half of the 2022 financial year due to the ongoing uncertainty around the coronavirus pandemic.

Temple & Webster Group Ltd (ASX:TPW)

Shares of the Australia-based online retailer have delivered 13% return in the year so far. The past year return stands at 69%. 

  • The company’s stock price picked up following sound FY21 full-year results in July. Temple & Webster Group achieved a revenue rise of 85% over the corresponding period of last year.
  • The earnings were supported by a rise in new and repeat customers and average order values.
  • The company also benefitted during lockdowns from its accelerated shift to online via the launch of mobile apps for iOS and Android.
  • Temple & Webster Group posted a record number of customers for the period, up 62% on-year to 778,000.

RELATED ARTICLE: Which stock has paid the highest dividend in 2021?

Source: ©Lovelyday12 | Megapixl.com

Adairs Ltd (ASX:ADH)

Shares of the homeware retailers and furnisher have surged nearly 6% so far in 2021. In the past year, the stock price gained over 4%.

  • In FY21, the sales rose 28.5% compared to the prior corresponding period.
  • Group online sales climbed 33.2%, representing 37.4% of total sales.
  • Underlying earnings before interest and tax (EBIT) rose 97.3%.
  • Statutory net profit after tax (NPAT) surged 80.7%.
  • Fully franked final dividend stood at 10 cents per share.

archTis Ltd (ASX:AR9)

Shares of archTis have given a return of nearly 5% so far this year. However, the past year return stands down 37%.

Canberra-based cyber security company offers products namely Kojensi Gov, Kojensi Field, Kojensi cloud, Kojensi App and DataKloak.

  • The company’s revenue climbed by 80% quarter on quarter, with gross profit up 86%.
  • The company cited key customer wins alongside rising annual recurring licensing revenue over the quarter as drivers of the growth.

"We set out with a plan to scale the business through the expansion of a global sales distribution network, increased market awareness, and technology-leading product innovation," said CEO and Managing Director, Daniel Lai.

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