In afternoon trade the S&P/ASX 200 Index (ASX: XJO) is out of form and in the red. The benchmark index is currently down 0.3% to 6,665.2 points.

Four shares that have fallen more than most today are listed below. Here’s why they are dropping lower:

Dacian Gold Ltd (ASX: DCN)

The Dacian Gold share price is down over 1% to 45.5 cents following the release of its quarterly update. The gold miner appears to have disappointed investors with its second quarter production of 27,162 ounces. This is down from 32,799 ounces in the first quarter. Though, despite this, Dacian remains on course to achieve its full year production guidance of 110,000 ounces to 120,000 ounces.

Lovisa Holdings Ltd (ASX: LOV)

The Lovisa share price has fallen 3.5% to $11.19. Investors have been selling the fashion jewellery retailer’s shares after it revealed that its UK stores would be closing temporarily because of COVID-19. All 42 UK stores have been closed until further notice. All other stores and its online business remain open.

MyFiziq Ltd (ASX: MYQ)

The MyFiziq share price has fallen 3.5% to $1.23. This follows a subdued response by investors to the release of an announcement this morning in relation to a new app launch using its technology. The Biomorphik app is now available on both Google Play and Apple Store. It allows people to monitor their bodies closely and pre-empt potential issues before they become prohibitive to the user’s health.

Zip Co Ltd (ASX: Z1P)

The Zip share price is down 3.5% to $5.40. This is despite there being no news out of the buy now pay later (BNPL) provider today. However, it is worth noting that short interest is rising strongly. Short sellers appear to be going after the company due to rising competition in the key US market. This follows BNPL launches by giants such as Shopify and PayPal late last year.

More reading

• Why has the Zip (ASX:Z1P) share price gone nowhere in FY21?
• ASX 200 down 0.3%: BHP & Rio Tinto rise, big four banks drop, Zip sinks
• The top performing ASX 200 tech shares of 2020 
• Could the Zip (ASX:Z1P) share price make a comeback in 2021? 
• These are the 10 most shorted shares on the ASX

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Zip Co Ltd (ASX: Z1P) shares struggled in the second half of 2020 despite the company’s strong growth performance and positive announcements. With everything that’s going for the buy now, pay later (BNPL) company, why has the Zip share price gone nowhere in the first half of FY21? 

Popularity didn’t translate to a higher Zip share price 

Zip has proven itself to be one of the most popular shares on the ASX. Online broker Superhero revealed that Zip was the most popular stock on its platform in 2020.

Similarly, Commsec’s weekly most traded Australian shares update regularly features Zip shares. In its most recent update for shares traded between 7 to 12 December, Zip shares were the second most traded on the ASX. Buyers accounted for 59% of trades, even though the Zip share price lost ground during that week.  

Major achievements in FY21 

Despite the underperformance of the Zip share price, the company delivered a series of positive achievements in FY21 including:

• 20 July: Signed agreement with Respiri Ltd (ASX: RSH), providing entry into Australian pharmacy segment.
• 26 August: Announced partnership between Zip Business and eBay for Australian SMEs. 
• 1 September: Completed 100% acquisition of QuadPay.
• 20 October: Launched ‘Tap & Zip’ product for use anywhere that accepts Visa.
• 11 December: Partnership between Zip Business and Facebook announced.
• 16 December: Executed $120 million capital raising.

Zip share price not the only underperformer 

While it might feel like there is something fundamentally wrong with Zip, the broader buy now pay later sector also struggled to make headway after the August reporting season. To add some perspective, let’s take a look at the performance of the following ASX BNPL shares between 1 August and 31 December 2020: 

• Openpay Group Ltd (ASX: OPY) down 32% 
• Sezzle Inc (ASX: SZL) down 8% 
• Splitit Ltd (ASX: SPT) down 6%
• Laybuy Holdings Ltd (ASX: LBY) down 36%
• Humm Group Ltd (ASX: HUM) up 2% 

The only outlier was, of course, the Afterpay Ltd (ASX: APT) share price which soared 70% in that timeframe. 

Foolish takeaway

Despite its achievements to date, big brokers are still wary of buy now pay later shares. On 18 December, Macquarie Group Ltd (ASX: MQG) saw Zip’s recent capital raising as a small positive for the business, but maintained a target of just $5.05 for the Zip share price. This represents a 6.1% discount to the $5.38 Zip shares are currently trading at. 

More reading

• ASX 200 down 0.3%: BHP & Rio Tinto rise, big four banks drop, Zip sinks
• The top performing ASX 200 tech shares of 2020 
• Could the Zip (ASX:Z1P) share price make a comeback in 2021? 
• These are the 10 most shorted shares on the ASX
• 3 exciting ASX payment shares to buy in January

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Facebook and Visa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Sezzle Inc. The Motley Fool Australia owns shares of and has recommended Macquarie Group Limited. The Motley Fool Australia owns shares of AFTERPAY T FPO. The Motley Fool Australia has recommended Facebook, Humm Group Limited, and Sezzle Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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At lunch on Tuesday the S&P/ASX 200 Index (ASX: XJO) is giving back some of Monday’s strong gains. At the time of writing, the benchmark index is down 0.3% to 6,665.2 points.

Here’s what has been happening on the market today:

Bank shares act as a drag.

After helping to drive the ASX 200 index higher on Monday, the big four banks are helping drag it lower on Tuesday. At lunch, all four banks are in the red and weighing heavily on the performance of the benchmark index. The worst performer in the group has been the National Australia Bank Ltd (ASX: NAB) share price. Its shares are down 1.3% at the time of writing.

Gold miners charge higher.

One area of the market that is performing particularly well today is the gold sector. Thanks to a rise of almost 3% in the spot gold price, investors have been bidding the gold miners higher. This has led to the likes of Evolution Mining Ltd (ASX: EVN) and Newcrest Mining Limited (ASX: NCM) pushing higher and driving the S&P/ASX All Ordinaries Gold index up 3% at lunch.

Mining giants rise.

BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) shares are defying the market weakness and are storming higher today. Investors have been buying their shares after the iron ore price climbed higher. According to Metal Bulletin, seaborne prices rose due to solid demand in steel markets and positive sentiment after the New Year holiday. The price of 62% fines iron ore lifted 3% to US$165.29 per tonne.

Best and worst ASX 200 performers.

The best performer on the ASX 200 on Tuesday has been Ramelius Resources Limited (ASX: RMS) share price with a 7% gain. This follows the release of a strong second quarter update. The worst performer on the index has been the Zip Co Ltd (ASX: Z1P) share price with a 4% decline. This is despite there being no news out of the buy now pay later provider. Though, it is worth noting that short interest is rising strongly.

More reading

• Why has the Zip (ASX:Z1P) share price gone nowhere in FY21?
• Why BHP, Cann, Nick Scali, & Ramelius shares are pushing higher
• Why the Ramelius (ASX:RMS) share price is storming higher today
• Why ASX energy stocks are set to be among the worst performers on the ASX today
• 5 things to watch on the ASX 200 on Tuesday

James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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In late morning trade the S&P/ASX 200 Index (ASX: XJO) is off its lows but still in the red. At the time of writing, the benchmark index is down 0.3% to 6,665.1 points.

Four shares that have not let that hold them back are listed below. Here’s why they are pushing higher:

BHP Group Ltd (ASX: BHP)

The BHP share price is up 2.5% to $44.13. Investors have been buying the mining giant’s shares on Tuesday after the iron ore price climbed higher. According to Metal Bulletin, seaborne prices climbed due to firm demand in steel and positive sentiment after the New Year holiday. The 62% fines iron ore price rose 3% to US$165.29 per tonne.

Cann Group Ltd (ASX: CAN)

The Cann share price has climbed over 3% to 62 cents. This follows the an announcement of a supply order in Europe. Cann will supply Iuvo Therapeutics with medicinal cannabis extracts until 31 December 2021. Iuvo has placed an initial 19,000 unit order for Cann product, which is expected to be shipped to Germany within the next month. Management believes this initial order represents the largest shipment of product produced in Australia for export markets.

Nick Scali Limited (ASX: NCK)

The Nick Scali share price has zoomed 7.5% higher to $10.64 after providing its guidance for the first half of FY 2021. The furniture retailer has performed very strongly during the half and expects to report a net profit of $40.5 million for the six months. This will be double what it achieved in the prior corresponding period.

Ramelius Resources Limited (ASX: RMS)

The Ramelius share price has jumped 7% to $1.90. Investors have been buying the gold miner’s shares following a rise in the spot gold price and the release of its second quarter update. In respect to the latter, Ramelius outperformed its guidance and achieved production of 72,896 ounces. This means the company has also outperformed its first half production guidance.

More reading

• Why the Nick Scali (ASX:NCK) share price just hit a new, all-time high
• Why the Ramelius (ASX:RMS) share price is storming higher today
• 5 things to watch on the ASX 200 on Tuesday
• Will the Fortescue (ASX:FMG) share price double again in 2021?
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Raiz Invest Ltd (ASX: RZI) share price is up this morning after the company announced its funds under management (FUM) and active customers metrics for December 2020.

At the time of writing, shares in the mobile-focused micro-investing platform are trading hands at $1.02 cents, up 4.1%.

By the numbers

The metrics show that across its operations, active customers increased by 8.1% month over month to 343,573. Active customers have grown by 62.3% compared to this time last year.

Funds under management are a key metric for the business as it derives revenue by charging a management fee on accounts over $10,000. In Australia, FUD grew by 4.5% month over month to $524.57 million for its core ‘retail’ portfolio offerings. While its superannuation segment grew by 2.3% month on month to $81.02 million.

The month-on-month growth has slowed from the November metrics update, where its retail and superannuation FUD had grown by 10.9% and 8.7% respectively. Perhaps customers were splurging more on Christmas gifts than investing in December.

Commenting on the update, Raiz CEO George Lucas said:

We remain confident that we could exceed the $1 billion milestone for FUM, during 2021 calendar year. We only exceeded $500 million in September, and based on the past three-month growth rate, this goal is achievable.

Mr Lucas also touched on the importance of the result at the end of a challenging year:

As we know, 2020 has been an extremely challenging year, making our record achievements in the year hard fought.

Raiz reportedly also placed 27th in Deloitte’s Technology Fast 50 Winners Report for 2020. A testament to the company’s 254% annual growth.

Looking forward

Raiz Invest enters the year, as described by Mr Lucas, “…well positioned to continue this strong growth path into 2021, confident of being able to build on the hard-earned achievements of the team in 2020.”

More reading

• Apple’s latest privacy move is a blow for Facebook, but not The Trade Desk. Here’s why
• Qantas (ASX:QAN) sells international flights for July
• Why the Nick Scali (ASX:NCK) share price just hit a new, all-time high
• What is happening with the Douugh (ASX:DOU) share price?
• Which ASX 200 healthcare shares delivered the top returns in 2020?

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The world of digital advertising is once again on the verge of a sea change, the result of the latest privacy move by Apple Inc (NASDAQ: AAPL). With an upcoming update to iOS 14, iPhone users will be required to explicitly consent to allow app publishers to track them across the apps and websites they visit. This has the digital-advertising industry up in arms.

Facebook Inc (NASDAQ: FB) is sounding the alarm, saying its business will be “severely impacted” by Apple’s decision. The company has even gone so far as to take out a full-page ad in The Wall Street Journal decrying the move and claiming it will be harmful to small businesses, though its claims are tenuous, at best. 

It’s important to note, however, that not all digital advertisers are created equal. Take The Trade Desk Inc (NASDAQ: TTD), for example. It said it doesn’t expect the change to create a material impact on its business. What’s an investor to think?

IDFA: A primer

To understand what all the fuss is about, it’s important to know what’s actually happening. The identifier for advertisers (IDFA) is a unique ID assigned to each iOS device, which currently allows app publishers to track the activity on a specific device as it moves between apps and websites, in order to provide more individualized and targeted advertising.

In previous versions of iOS, users could opt-out by choosing the “limit ad tracking” option in their device settings. This resulted in roughly 30% of users opting out in 2020. Apple announced that it will roll out an update to iOS 14, now scheduled for early 2021, that will notify iPhone users of the tracking and specifically require users to opt-in for each app, in order to continue being tracked. It’s estimated that after the update, the number of users sharing their data will drop to between 10% and 15%, plummeting from roughly 70% today. 

With an installed base of more than 1.5 billion devices worldwide and an estimated 900 million iPhones, Apple could have a significant impact on the ability of marketers to provide relevant advertising to iOS device users. 

A tale of two advertisers

Facebook has been justifiably concerned about the development, as its ability to deliver targeted ads to iPhone users will be severely limited. The company has conducted internal testing and seen “more than a 50% drop” in the revenue generated by its Audience Network advertising platform when it removed the ability to offer up these highly targeted, personalized ads. Facebook even said it’s considering shuttering the platform for iOS 14. 

The Trade Desk is not expecting the same kind of hit. In the latter company’s third-quarter conference call, CEO Jeff Green went to great pains to lay out why Apple’s move isn’t expected to impact its business very much. Green said that only about 10% of the advertising spend conducted on its platform is reliant on IDFA, a figure that has been consistent for quite some time, saying it “doesn’t have a material impact to our business.” The Trade Desk serves more than 12 million ads every second, with only about 1 million of those related to IDFA. 

Green also points out that limiting IDFA across all apps will have a negative impact on the customer experience, specifically citing cases like Netflix or Dropbox. After a time, he theorizes that companies will go back to consumers, inviting them to “upgrade” their experience by opting back in, which he believes will ultimately be successful.

A final note

By limiting its exposure to IDFA, The Trade Desk has insulated itself against the issues now faced by Facebook. It remains one of the undisputed leaders in programmatic advertising but is still just getting started. The Trade Desk generated revenue of $661 million last year, which pales in comparison to the roughly $29 billion that was spent on programmatic advertising in 2019. 

Fears regarding the impact of Apple’s move were partially responsible for a decline in The Trade Desk’s stock price in recent weeks, as shares have dipped nearly 16%. That gives astute investors the opportunity to buy this high-flyer at a significant discount.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

More reading

• 3 catalysts for Apple stock in 2021
• If you thought 2020’s tech share rally was impressive, hold on for 2021!
• Forget Tesla. Facebook is a better buy now
• FAANG stocks make their case to lead the Nasdaq in 2021
• Report: authorities rejected Facebook offer to foster competitors’ growth

Danny Vena owns shares of Apple, Facebook, Netflix, and The Trade Desk. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Apple, Facebook, Netflix, and The Trade Desk. The Motley Fool Australia has recommended Apple, Facebook, Netflix, and The Trade Desk. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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Qantas Airways Limited (ASX: QAN) has started selling international flights for July and beyond.

The airline had previously ruled out resumption of flights to COVID-19 hotspots like the United States and United Kingdom until at least October. It had also planned a gradual restart of international services with Singapore, Hong Kong and Tokyo resuming from the end of March.

But now all that seems to have been thrown out the window, with almost the entire international catalogue available to book from July onwards.

The Motley Fool has confirmed this on the Qantas website, able to see a $1,669 return fare to Los Angeles departing on 2 July.

“We continue to review and update our international schedule in response to the developing COVID-19 situation,” a Qantas spokesperson told The Motley Fool.

“Recently we have aligned the selling of our international services to reflect our expectation that international travel will begin to restart from July 2021.”

A needle (or two) before that overseas trip

The airline’s chief executive Alan Joyce had previously flagged that coronavirus vaccination would be compulsory for international passengers.

“Talking to my colleagues in other airlines around the globe, I think it’s going to be a common theme,” he said in November.

“What we’re looking at is how you can have a vaccination passport, an electronic version of it, that certifies what the vaccine is. Is it acceptable to the country that you’re travelling to?”

Qantas’ may have become emboldened due to the prospect of a March rollout of vaccines in Australia.

Federal health minister Greg Hunt last week pulled forward his previous target of having the nation vaccinated by the end of the year.

“We expect that Australians will be fully vaccinated by the end of October – on the basis it’s free, it’s universal, and it’s entirely voluntary,” he said.

“But we want to urge as many Australians to be vaccinated, and we’ve seen some very heartening reports over the weekend of an expected uptake of up to 80 per cent.”

Not all international routes are back though

While most international routes seem to have resumed, one popular destination is still a no-go zone.

Travel website Executive Traveller reported Qantas’ service to New York City seems to be missing in the July reboot, as is Sydney to Santiago.

The publication also noted the Sydney-Hong Kong route is starting with a once daily schedule, rather than the pre-COVID frequency of twice daily.

Qantas previously estimated its domestic business by Christmas would be about 60% of pre-COVID levels. But the international arm had been at a standstill since March when the pandemic quashed demand.

Qantas shares have been down in the past month due to the resurgence of the virus in Sydney and Melbourne. At the time of writing, the Qantas share price is trading down 1.63% at $4.83.

More reading

• Does the Rex (ASX:REX) share price have enough tailwind to keep soaring in 2021?
• 5 things to watch on the ASX 200 on Monday
• The ASX sectors hardest hit by COVID-19 in 2020
• 2020 ASX recap of the year we’ll never forget
• Leading brokers name 3 ASX shares to sell today

Motley Fool contributor Tony Yoo owns shares of Qantas Airways Limited. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Nick Scali Limited (ASX: NCK) share price is on the move today. This comes after the company provided an update to its profit guidance. At the time of writing, the Nick Scali share price is up 7.1% to $10.57. In earlier trade, Nick Scali shares reached as high as $10.81, smashing their previous all time high of $10.05 reached late last month.

What was announced?

The Nick Scali share price is surging higher today following the company’s latest announcement.

According to this morning’s release, Nick Scali upgraded its profit guidance for the first-half of the 2021 financial year.

For the period ending 31 December, the furniture retailer expects unaudited net profit to come in at $40.5 million. This represents roughly a 100% improvement on underlying profit from the same time last year. Nick Scali credited the result to better-than-expected container availability which led to increased delivery volumes throughout November and December.

Total written sales also increased, with the second quarter delivering a 58% lift on the prior comparable period. This was due to the reopening of the company’s Melbourne metropolitan stores and a successful Black November campaign. In light of this, Nick Scali said that total written sales orders surpassed delivered sales by about $20 million.

Finishing the year with a record sales performance, the company anticipates revenue and profit growth to flow into the second half of 2021. However, Nick Scali did caution that this is reliant on no disruptions affecting its store network or supply chain.

In addition, Nick Scali has continued to expand its retail network to contribute to its underlying profit for FY21. New store openings at Wairau Park in Auckland, and Bennetts Green in New South Wales, are reporting strong sales.

Nick Scali share price snapshot

Over the past 12 months, the Nick Scali share price has risen by more than 50%, significantly outperforming the All Ordinaries Index (ASX: XAO).

During March, when COVID-19 wreaked havoc on the global economy, Nick Scali shares hit a low of $2.65. However, since then, the Nick Scali share price has rebounded nearly 300% to reach today’s new highs. 

The company has a current market capitalisation of around $801 million.

More reading

• 3 small cap ASX dividend shares to buy
• 3 top small cap ASX shares to buy
• 3 little-known ASX dividend shares offering big income

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Douugh Ltd (ASX: DOU) share price won’t be going anywhere on Tuesday after the fintech company requested yet another extension to its suspension.

What is happening with the Douugh share price?

On 21 December Douugh requested a trading halt pending the release of an announcement. This was in relation to the proposed acquisition of a millennial-focused investing company. The company’s shares were due to return to trade within two days.

However, instead of returning to trade, on 23 December the company requested a voluntary suspension until 29 December. This was requested pending the release of the aforementioned announcement and also to give it time to “respond to an unrelated query put to it by the ASX.”

Well, as you might have guessed, 29 December came and Douugh’s shares failed to return to trade. Instead, the company requested a further extension to its voluntary suspension until today ­– 5 January.

But lo and behold, Douugh has now requested that its shares remain suspended until Friday 8 January.

Once again, Douugh explained: “The Company requests the voluntary suspension until after an announcement by the Company in relation to the proposed acquisition of a millennial-focused investing company. The Company will also respond to an unrelated query put to it by ASX.”

What is the query?

Unfortunately, no details have been provided about the ASX query the company has received.

Though, all will eventually be revealed once its shares finally return to trade. But judging by the lengthy suspension, it appears to either be a complex query or Douugh’s response has not been deemed sufficient by the ASX.

Shareholders will no doubt be hoping this doesn’t turn into another iSignthis Ltd (ASX: ISX) situation. The controversial payments company’s shares have been suspended for over a year now.

However, like iSignthis, there are a lot of question marks over the Douugh business. Particularly given how the company was marketing itself as a neobank for some time before acknowledging that it wasn’t actually one.

At present, the company is one of a growing number of financial apps you can find on Apple’s App Store. It remains unclear how many users the company has using its app at present.

More reading

• These were the best-performing ASX IPOs in 2020
• Here are 6 of the top performing ASX fintech shares of 2020
• Experts pick the best ASX IPO of 2020
• You might have missed these top performing ASX IPOs of 2020  
• Why the Douugh (ASX:DOU) share price is pushing higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The onset of a major pandemic last year created tailwinds for many ASX 200 healthcare shares that supported the global effort to tackle COVID-19.

This accelerated the earnings of many ASX 200 healthcare shares, including familiar names such as Resmed Inc (ASX: RMD) and Fisher & Paykel Healthcare Corp Ltd (ASX: FPH).

However, the ASX 200 healthcare shares that delivered the very top returns in 2020 may come as a surprise.  

Top performing ASX 200 healthcare shares of 2020

1. Polynovo Ltd (ASX: PNV) 

The Polynovo share price doubled in 2020 to find itself as the top performing ASX 200 healthcare share. The company has recently commercialised its NovoSorb BTM product which is used to temporarily close wounds and aid the body in generating new tissue.

NovoSorb BTM has experienced strong sales across approved regions including the United States, Australia, New Zealand, Singapore, India, Taiwan and various countries in the EU. And also pending regulatory approval in Canada and Korea. 

In FY20, Polynovo’s revenues increased 54.6% to $22.2 million, largely driven by the $19.06 million contribution from Novosorb BTM sales. Managing director Paul Brennan has great confidence in the company’s ability to continue grow Novosorb BTM with the expectations to double its revenues in FY21. 

2. Pro Medicus Limited (ASX: PME) 

The Pro Medicus share price has gone from strength to strength in 2020, increasing 50%. The leading provider of radiology information systems has experienced another strong year of growth, with its technology enabling its clients to seamlessly switch to remote reading during COVID-19. 

During the FY20 year, the company announced several new contract wins which have been described as significant in their own right and will make a major contribution to its future revenues. Despite the series of positive new contract wins announced in 2020, the management team is still working on a significant number of new opportunities and its pipeline continues to be strong. 

3. Fisher & Paykel Healthcare Corp Ltd

The Fisher & Paykel share price ran 45% higher in 2020 to record all-time highs, driven by the increased demand for the company’s hospital hardware. In the first half of its 2021 financial year, which ended 30 September 2020, the company’s net profit after tax soared 86% to $225.5 million. 

Looking ahead, the company is making the assumption that its performance in the second half of FY21 will be weaker than 1H21. This is due to hospital hardware returns returning to approximately normal rates combined with reduced diagnosis rates for its obstructive sleep apnea business and elevated freight costs.

Its anticipation of weaker earnings could be the reason why the Fisher & Paykel share price has underperformed other ASX 200 healthcare shares in the second half of 2020.

More reading

• ASX 200 up 0.8%: CBA storms higher, Link sinks, tech shares rise
• Is the Avita (ASX:AVH) share price a buy after diving 60% in 2020?
• Sonic Healthcare (ASX:SHL) share price gets fresh COVID boost
• 3 top ASX share picks for 2021 from NZ brokers
• Here’s how the S&P/ASX All Technology Index fared in 2020

Lina Lim has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of POLYNOVO FPO. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. recommends Pro Medicus Ltd. The Motley Fool Australia owns shares of and has recommended Pro Medicus Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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