Business
Are biotech shares like Polynovo (ASX:PNV) a better buy than Afterpay? – Motley Fool Australia
Why I think ASX biotech shares like Polynovo Ltd (ASX: PNV) can outperform even the hottest of tech shares including Afterpay Ltd (ASX: APT).
ASX tech shares have been rocketing in 2020 thanks to the likes of Afterpay Ltd (ASX: APT). The Afterpay share price has surged 144.9% higher but I think the tide is starting to turn. In my mind, biotech shares like Polynovo Ltd (ASX: PNV) are shaping up as the hot new buys in the market.
Why ASX biotech shares can outperform in 2020
The coronavirus pandemic has thrown a real spanner in the works. Dividends have been slashed, forcing many investors to look for growth instead.
That has seen te…
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