Business
2 ASX shares that could rocket from viral cash hoarding – Motley Fool Australia
Australians are sitting on cash they’re reluctant to spend in the viral environment. When that changes, these ASX shares could soar.
It’s no secret that retail and travel share prices have been among the hardest hit from the COVID-19 mitigation efforts.
When people are ordered to stay home or even just told to maintain social distancing, brick and mortar retailers see their revenues crumble. This in turn puts their landlords under pressure when rents are reduced or simply not paid.
Take Scentre Group(ASX: SCG), for example, which owns and operates retail properties across Australia and New Zealand. The Scentre share price c…
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