Here are three companies that experts believe could turn into giants of the ASX just as many others have in the past:
Data Analysis
Veda Group Ltd (ASX: VED) only recently listed on the ASX but has already proven to be a favourite among analysts. The company provides credit checks and analytics to a huge range of companies and individuals, and currently has the largest collection of personal financial data available in Australia. This puts the company well ahead of rivals who will take years to build up a database that matches Veda. This bodes extremely well for sustained earnings growth.
Phones and Internet
While some experts believe that TPG Telecom Ltd (ASX: TPM) looks expensive, the group is ready to benefit from a recent decision by the Australian Competition and Consumer Commission that allows it to compete head-to-head with the NBN. TPG can supply fibre internet and phone services to the most lucrative markets in order to undercut the NBN. If its strategy takes hold TPG could quickly become a major player in the Australian telecommunications market.
Oil and Gas
It seems like only yesterday that Oil Search Limited (ASX: OSH) was a tiny company trying to compete with much more powerful rivals Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL). These days, Oil Search has the same market capitalisation as Santos but with a number of major projects and upgrades in the pipeline it could one day become the size of Woodside. There is still massive upside for long-term shareholders in this oil and gas company. There is also the prospect of massive dividends to rival Woodside!
