Business
The ASX share to go gangbusters as COVID vaccines roll out
The COVID-19 pandemic might have pushed more Australians into the habit of shopping online, but there’s still one physical retailer that’s looking great for growth.
That’s according to Wilson Asset Management portfolio managers Matthew Haupt, Catriona Burns and Oscar Oberg.
In a memo to investors, the trio co-wrote that 3 of Wilson’s listed investment companies have held Universal Store Holdings Ltd (ASX: UNI) shares since their initial public offering (IPO) last November.
“Universal Store retails a curated range of third-party branded products, which equated [to] approximately 70% of FY20 revenue, supported by a range of customer-led and complementary private label products,” the note said.
“The company reported a…
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