In my opinion the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is home to a good number of quality growth shares that investors should take a closer look at today.
Three of my current favourites are listed below. Here's why they are at the top of my shopping list:
The Altium Limited (ASX: ALU) share price may be up 8% in the last 30 days, but I still believe it can climb significantly higher over the next few years. In my opinion the printed circuit board (PCB) design software provider is one of the best growth shares on the Australian share market, especially with the incredible rise in connected devices. As PCBs are required in the majority of these devices, I expect demand for its software will continue to rise strongly.
The Nanosonics Ltd. (ASX: NAN) share price has climbed a massive 36% in the last 12 months. Whilst it is by no means a bargain buy any more, I do feel that the growing popularity of the company's ultrasound probe disinfection system makes it a great buy and hold option for investors. Demand for the system has grown strongly, leading to a 131% jump in half-year sales to $36.1 million. Furthermore, favourable new guidelines for high level disinfection of ultrasound probes internationally were announced recently, I expect the company to benefit greatly from them.
The Webjet Limited (ASX: WEB) share price has rocketed 17% year-to-date thanks largely to a stunning half-year result which saw net profit after tax growth of 86.9%. The catalyst for this impressive result was strong bookings growth and market share gains in each of its business segments. Management appears confident that the strong performance will continue in the second-half, which I think could make the online travel agent a good investment despite its strong share price gains this year.
