Growth investing involves identifying companies whose profits are expected to grow faster than those of other companies in its industry or the market in general. Companies can be small or large just as long as they have potential to grow fast and make you the growth boss.
Nowhere better to start than Crown Resorts Ltd (ASX: CWN). Its own leader has shown some fighting spirit recently and James Packer remains determined to push further into the lucrative Asian markets. One day the Melbourne and Perth casinos may appear small fry compared to the mind-boggling money to be made in these high-growth Asian regions.
Profits from the Melco Crown resort in Macau have driven Crown's share price higher and with potential for similar ventures all over Asia, including wealthy Japan, Crown and its casinos looks a true growth player.
Nine Entertainment Co Holdings (ASX: NEC) is another business with a powerful leader and potential to grow especially as free-to-air competitor Ten Network Holdings Limited (ASX: TEN) struggles to reverse its decline. If long term this may leave Nine and Seven West Media Ltd (ASX: SWM) to develop a profit-growing duopoly on the back of Ten's failings.
Founded by shopping-centre Godfather, Frank Lowy, Westfield Group (ASX: WDC) is due to split from Westfield Retail Trust (ASX: WRT) soon in a move that will separate the group's Australian and New Zealand assets from its global ones. This is possibly because Lowy has realised the Australian shopping-centre market is now fully saturated and the high-growth markets are abroad. For example, in populous regions like Latin America, the giant shopping centre concept has barely begun.
No big surprises that the independent experts hired by Westfield thought the plan to create the international-focused Westfield Corporation was a great one and entirely fair on security holders of both ASX-listed entities. If formed from Westfield Group the new Westfield Corporation is expected to be among the top 25 ASX listed businesses and one of the world's largest listed global REITS.
Westfield Group looks the best value and a smart option to back the Lowys in their mission to develop higher return opportunities around the world.
