Ramsay Health Care Limited and Carsales.Com Ltd: 2 growth stocks to buy now

Ramsay Health Care Limited (ASX:RHC) and Carsales.Com Ltd (ASX:CAR) are already leaders in Australia, but they also offer growth in large Asian markets.

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How much do Aussie investors follow foreign markets? During the GFC, they really didn't need to because it seemed Australia was immune from suffering a severe recession as was happening to other countries at the time.

However, now the Lucky Country may be teetering on the edge of a recession if it can't jumpstart the economy with growth outside of the resources sector. Even the advance of the S&P/ASX 200 Index (ASX: XJO) (Index: ^AXJO) is held back because the major miners hold such a large proportion of market value within the index.

But Foolish investors shouldn't let this worry them.

They just have to look where real growth is now and what stocks are in the lead.  Previously, I wrote about companies with growing overseas brands because owning those stocks gives investors exposure to the potential gains international markets can offer.

Now I have two more companies that specifically are expanding in Asia. Australia's neighbours are developing quickly and these stocks can tap into that growth.

The number one car sales website Carsales.Com Ltd (ASX: CAR) has deftly invested into a number of foreign car sales websites covering countries with big auto markets. It owns a 49.9% stake in South Korea's leading online car sales site SK Encar which has seen revenue grow recently in the high double digits.

Carsales.Com also owns a 19.9% shareholding in iCar Asia Ltd (ASX: ICQ), which operates ASEAN's number one network of auto sales websites, leading in Thailand, Malaysia and Indonesia. This could be a stable foundation of growth for Carsales.Com and its shareholders.

Ramsay Health Care Limited (ASX: RHC) has its major markets in Australia and Europe, but the opportunities for a well-managed, growing healthcare company are numerous in Asia. With many of the world's most populated countries in Asia, the demand for healthcare is rising constantly. Australia's largest private hospital operator already has a joint venture with an Indonesian healthcare provider and Ramsay Health Care has taken its first step into China.

It recently entered a new joint venture to operate five hospitals in the regional economic centre of Chengdu together with a Chinese healthcare provider. Ramsay has the potential of maintaining its current steady growth rate well into the future. Long-term investors could benefit by having Ramsay Health Care in their portfolios.

Darryl Daté-Shappard has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. 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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