Sign In

Shashank Shrestha

Director at Packaging Product

Shashank Shrestha is currently the Director at Packaging Product, based in Kathmandu District, Nepal. He has a background in education from Louisiana Tech University and boasts over 500 connections on LinkedIn, indicating a robust professional network.1 His LinkedIn username is shankshr, which can be used to find his profile directly on the platform.1

Highlights

Nov 11 · linkedin

Following Pfizer and BioNTech’s announcement that their vaccine candidate was found to be 90 percent effective against COVID-19 in phase 3 trials, optimism quickly spread among investors, sending shares soaring across the globe.

As the following chart shows, shares of airlines, hotels and other travel companies soared on the vaccine news, with Marriot International, American Airlines and Expedia mere examples of a broader upward trend for the travel and hospitality industry.

Interestingly, the news of vaccine progress also sent some shares tumbling, as few companies were considered “pandemic winners”, with Zoom Video Communications, Peloton and Netflix perhaps the most widely known examples. Zoom, the video conferencing tool that rose to fame amid the first lockdown, saw its share price drop by more than 17 percent on Monday, shaving roughly $25 billion off the company’s market cap.

While Monday's announcement was certainly cause for optimism, it needs to be noted that the vaccine has yet to complete phase 3 trials, be approved, produced and distributed. Pfizer and BioNTech project that they could produce up to 50 million vaccine doses by 2020 and up to 1.3 billion doses in 2021.

Sep 23 · linkedin

The British tourism group Thomas Cook has collapsed, having entered compulsory liquidation this morning. As this chart shows, the share price had plummeted from around 58 pence to just 3.45 pence in the last 365 days. Earnings per share in 2010 were 20.4 pence - in 2018 investors had to book a loss of 0.3 pence per share.

Thomas Cook most recently suffered from the unwillingness of the British to travel: Many remained at home in the face of Brexit worries and the abundance of sunshine at home. Added to this was the fear of terrorist attacks in many holiday destinations, including Turkey. In addition, discount battles have depressed the margins of travel companies. Many holidaymakers are affected by the collapse - at present, an estimated 650,000 holidaymakers are on the move with Thomas Cook, many of them British.

Related Questions

What is Shashank Shrestha's educational background?
What are Shashank Shrestha's main responsibilities at Packaging Product?
How long has Shashank Shrestha been working at Packaging Product?
What other roles has Shashank Shrestha held in his career?
What is Shashank Shrestha's professional experience before joining Packaging Product?
Shashank Shrestha
Shashank Shrestha, photo 1
Shashank Shrestha, photo 2
Add to my network