Take westwing group, a German home and life e-commerce company, for example. Since this year, westwings share price has risen by about 450%, with a market value of about 400 million euro.
The companys previously released financial reports showed that as customers moved their shopping online, the companys revenue increased 91% year-on-year in the second quarter, and Gmv increased 97.3% year-on-year. At the same time, the company also raised its forecast for full year revenue, which is expected to grow by 25% to 35% in 2020, compared with 5% to 10% previously.
In addition to the retail business, shares of video conferencing software company loopup and game maker G5 entertainment also performed well during the outbreak, up 192% and 266% respectively this year.
In response, Hywel Franklin, head of European equity at mirabaud asset management, said in an interview with the media that small cap stocks can be quite flexible in a rapidly changing market environment.
Against the background of this years new coronavirus epidemic, the global economy has been hit, especially in tourism, catering, aviation and other fields. But when people have to stay at home, new demands arise: video conferencing software for telecommuting, and retailers that provide outbound services.
Considering these demands, aneesha Sherman, an analyst, told the media that the real benefit of one-time scale-up during the pandemic is that it can take enterprises three to four years to reach the scale in one year.
But of course, investors also need to carefully distinguish among these stocks which companies can really show long-term growth momentum in the future.