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2 ASX shares that could benefit from a reopening economy

Looking for ASX share ideas? I think these two could benefit from a reopening economy.

Kip McGrath

The first ASX share that could stand to benefit from a reopening economy is Kip McGrath Education Centres (ASX: KME).

Source: Rask Media KME 1-year share price chart

Kip McGrath has been tutoring primary and secondary school children throughout the world to improve or extend their learning, particularly in English and Maths. It operates primarily across Australia, New Zealand, and the UK.

Most of its revenue comes from its network of franchisees, but it also has 17 corporate centers across its key markets.

Lockdowns across the world have caused a reduction in revenue from traditional face-to-face lessons. KME successfully pivoted to a blended model that involves online tutoring, which it thinks will be a permanent change to its offering.

As the world pushes through a vaccine-led recovery, it’s reasonable to assume that face-to-face learning will normalise to some extent.


Another potential reopening play could be from Life360 Inc (ASX: 360).

Source: Rask Media 360 1-year share price chart

Life360 has designed an app that’s used to connect families and friends by tracking a user’s location in real-time.

From the onset of COVID-19, Life360 struggled to onboard new users. This was reasonable, as there’d be little point in tracking the whereabouts of family members when many people were stuck at home.

In the US (its largest market) the vaccine rollout appears to be going well and the start of a new school year means that parents will have a greater need to monitor their children. This could cause an uptick in current user engagement and new users joining the platform.

To read more about Life360, click here to read my colleague, Lachlan Burr-Jensen’s article: 3 reasons why the Life360 (ASX: 360) share price could be a great buy.

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Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.
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