The 11 ASX software small caps that have more than doubled in 2020
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ASX software small caps have seen a solid 2020 despite COVID-19 or in some cases because of the pandemic.
The average software small cap has gained 21 per cent in 2020 and 11 have notched up gains above 100 per cent.
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|China rebound||SGM||Sims||Metals & Mining|
|China rebound||A2M||a2 Milk Company||Consumer staples|
|China rebound||IEL||IDP Education||Discretionary Retail|
|China rebound||BHP||BHP||Metals & Mining|
|China rebound||SM1||Synlait Milk||Consumer staples|
|China rebound||FMG||Fortescue Metals||Metals & Mining|
|NSW exposure||CSR||CSR||Other materials|
|NSW exposure||ANZ||ANZ Bank||Banks|
|NSW exposure||SGR||Star Entertainment||Gaming|
|NSW exposure||VRT||Virtus Health||Health Care|
|NSW exposure||BIN||Bingo Industreis||General Industrials|
|NSW exposure||IAG||Insurance Australia||Insurance|
|NSW exposure||BLD||Boral||Other materials|
|NSW exposure||HVN||Harvey Norman||Discretionary Retail|
|NSW exposure||CWN||Crown Resorts||Gaming|
|NSW exposure||DHG||Domain Australia||Media|
|NSW exposure||ADH||Adairs||Discretionary Retail|
|Victoria exposure||ANZ||ANZ Bank||Banks|
|Victoria exposure||IAG||Insurance Australia||Insurance|
|Victoria exposure||HVN||Harvey Norman||Discretionary Retail|
|Victoria exposure||CWN||Crown Resorts||Gaming|
|COVID-19 demand boost||WOW||Woolworths||Consumer staples|
|COVID-19 demand boost||MTS||Metcash||Consumer staples|
|COVID-19 demand boost||HVN||Harvey Norman||Discretionary Retail|
|COVID-19 demand boost||CKF||Collins Foods||Discretionary Retail|
|COVID-19 demand boost||RMD||ResMed Inc||Health Care|
|COVID-19 demand shock||ALL||Aristocrat Leisure||Gaming|
|COVID-19 demand shock||SXL||Southern Cross Media||Media|
|COVID-19 demand shock||CTM||Corporate Travel||Discretionary Retail|
|COVID-19 demand shock||WEB||Webjet||Discretionary Retail|
|COVID-19 demand shock||GEM||G8 Education||Discretionary Retail|
|COVID-19 demand shock||TAB||Tabcorp||Gaming|
|COVID-19 demand shock||MGR||Mirvac||REITs|
|COVID-19 demand shock||NEC||Nine Entertainment||Media|
|COVID-19 demand shock||SVW||Seven||General Industrials|
|COVID-19 demand shock||CWN||Crown Resorts||Gaming|
|COVID-19 demand shock||PMV||Premier Investments||Discretionary Retail|
|COVID-19 structual demand||BAP||Bapcor||Discretionary Retail|
|COVID-19 structual demand||AMA||Ama||Discretionary Retail|
|COVID-19 structual demand||CNI||Centuria Capital||Other Financials|
|COVID-19 structual demand||CHC||Charter Hall||REITs|
|COVID-19 structual demand||NXT||NextDC||Tech|
|COVID-19 structual demand||APX||Appen||Tech|
|COVID-19 structural decline||QAN||Qantas||General Industrials|
|COVID-19 structural decline||SYD||Sydney Aiport||Infrastructure|
Leading the pack is cybersecurity platform Tesserent (ASX:TNT), which has risen from 4 cents to 28 cents in 2020.
Investors liked the company’s strong revenue growth and acquisition ambitions. Revenue in the June quarter was high enough to be extrapolated into an annualised rate of at least $40 million.
Both stocks have also benefited from investor excitement about the cybersecurity sector generally, particularly since the Morrison government’s investment back in June.
RedLeaf Securities CEO John Athanasiou told Stockhead last month he believes cybersecurity could be the next BNPL sector.
Two other stocks on the list have surged since Australian tech entrepreneur Bevan Slattery invested in them.
One is HR tech company intelliHR (ASX:IHR) and the other is geospatial image processing company Pointerra (ASX:3DP). Both companies received $2.5 million from Slattery last month.
Slattery is the founder of a number of ASX-listed tech plays that began as small caps but have graduated their way to large cap status.
Rounding out the list were stocks that won or continued to win prestigious clients.
One is communication automation software stock Whispir (ASX:WSP), which has won several public sector contracts during the pandemic.
It all began at the end of March when the Victorian government hired it to help it stay in touch with COVID-19 sufferers and other individuals in isolation.
Another is 9Spokes (ASX:9SP), which recently signed five-year partnership with global payments giant Visa.
Logistics software stock Yojee Ltd (ASX:YOJ) has seen a good year too. Its biggest highlight of the year was a deal with Fillipino logistics provider Kuehne + Nage.
Rounding out the list is wireless communications play Etherstack (ASX:ESK). It rounded out the financial year by inking a deal with mobile phone giant Samsung.
Finally there’s AI technology platform Brainchip Holdings (ASX:BRN), which has really taken off in the last couple of months after signing an agreement with Valeo Corporation.
Valeo is a Europe-based supplier of sensors and equipment used in autonomous vehicles and advanced driver-assistance systems. It will deploy Brainchip’s tech in its own solutions.
One of the ASX’s few remaining blockchain plays Tymlez Group (ASX:TYM) has been a winner in 2020.
Tymlez has a quiet start to the year but things have heated up in recent weeks.
Last month, it announced the hiring of a new board advisor and that the latest edition of its tech is now live on the Google Cloud Marketplace.
Its latest release has enhanced security features that prevent unauthorised users from posting transactions to the blockchain. The company said this was important in the context of Scott Morrison’s cybersecurity funding announcement.