Using recent history as a guide, there is no doubt in my mind that health officials will eventually get this Coronavirus under control. Remember Sars, Avian Flu, Ebola and the Zika virus? There was plenty of doomsday predictions around those infectious diseases that didn’t come true as well.
So this sell off will provide plenty of opportunities in the not too distant future. With the Chinese government currently banning people from travelling out of China in groups I doubt this is a one day wonder sell off.
Below are some of the companies that are directly affected by the Coronavirus. I am currently watching them and will look to Buy should they become cheap:
- Event Hospitality
- Ardent Leisure
- Crown Group
- Star Group
- Sydney Airport
Keep reading my “Good Morning Report” for updates.