Do you want to make 2015 a standout year for investing?
Then, along with your well-paying dividend stocks, you need some high-growth stocks that are hopefully going to double earnings in the next 3-5 years.
Below are four stocks that are expected to grow annual earnings 15% or more over the coming years, potentially doubling net profits within five years.
Sometimes the best stock picks are the ones you may see every day, like SEEK Limited (ASX: SEK). Thousands of job hunters look at SEEK's leading job placement website seek.com.au each day, yet probably most of them don't think of buying the stock. Too bad since it has grown earnings over 20% annually over the past five years. Analysts still expect the market leader in job hunting websites to maintain that high-growth pace, especially with its international business seeing strong earnings growth in Asia.
Perpetual Limited (ASX: PPT) has a reputation for being a good investment fund manager and proved it with its half-year underlying earnings up 30%. Perpetual also attracted more funds under management (FUM) due to its success, which gives it more to invest with, potentially raising earnings more in the near term. It is starting several international equities funds to take advantage of stronger overseas financial markets as well.
Telecom company Vocus Communications Limited (ASX: VOC) entered into a merger deal with Perth-based Amcom Telecommunications Limited (ASX:AMM), so the combined company should have a market capitalisation of $1.3 billion. Together they create a telecom network that connects WA and the eastern states with Asia and the US. Analysts expect Vocus to grow annual earnings over 30% on average in the next few years and the merger should boost that growth.
For a low-tech growth story, look at petcare and pet supplies business Greencross Limited (ASX: GXL). As a veterinary service, the company was already expanding its business network and still has lots of room to continue. Add to that two pet supplies chains, Petbarn and City Farmers, and you have another growing business that can cross-sell with and even work in the same locations as Greencross vet practices. Good synergies give Greencross a healthy business outlook. Steady growth is forecast over the near term.
