Motley Fool Australia

What market selloff? 10 ASX shares punch out gains

rocket launch space shuttle

Not every company and their share price are getting hammered as the ASX briefly entered a bear market yesterday.

Some investors are still making some stonking capital gains, and it’s not all coming from high-risk, speculative explorers or biotech shares.

Over the past year, these 10 companies have seen their share prices at least double, while some like Adacel Technologies Limited (ASX: ADA), Bellamy’s Australia Ltd (ASX: BAL) and Blackmores Limited (ASX: BKL) have seen their share prices up as much as 7 times their share price from a year ago.

The fact these companies have even managed to post a gain for the year is a considerable feat, considering the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is down more than 14% over the same period.

Company Sector Current share price 1-year gain
Adacel Technologies Limited (ASX: ADA) Software $2.09 621%
Bellamy’s Australia Ltd (ASX: BAL) Packaged Food & Meats $11.80 510%
Smarttrans Holdings Limited (ASX: SMA) Software 4.8 cents 336%
Blackmores Limited (ASX: BKL) Personal products $165.61 298%
Netcomm Wireless Ltd (ASX: NTC) Communications Equipment $2.06 296%
Prophecy International Holdings Limited (ASX: PRO) Software $1.75 230%
OneVue Holdings Ltd (ASX: OVH) Finance $0.72 177%
AMA Group Ltd (ASX: AMA) Automotive $0.82 116%
Pilbara Minerals Ltd (ASX: PLS) Mining (Lithium) $0.35 733%
St Barbara Ltd (ASX: SBM) Mining (Gold) $1.71 661%

Source: S&P Global Market Intelligence

But the companies in the table above give a glimpse into the type of companies that might do well whether the market falls or not.

A number are software providers and another provides telecommunications equipment. Demand for data and the rise of cloud software are tailwinds blowing strongly into the IT space.

Demand for safe, high-quality Australian products in Asia, particularly China, is driving the gains behind Bellamy’s and Blackmores and may continue to do so as China’s middle class expands and the economy transitions to one led by consumer consumption.

And finally, we have two miners, one gold and one lithium. St Barbara has staged a remarkable comeback after being virtually written off a year ago, while Pilbara Minerals is riding high on the expected soaring demand for lithium for use in the renewable energy and battery sector.

Foolish takeaway

Despite markets falling around the world, investors can still beat the market and find hidden gems that can see their share prices soar. You’ll also notice that not one of these companies is in the Top 20 – showing that you need to look outside the usual suspects to pick up the big winners.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

*Returns as of June 30th

Motley Fool contributor Mike King has no position in any stocks mentioned. You can follow Mike on Twitter @TMFKinga

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia owns shares of Bellamy's Australia and Prophecy International Holdings Ltd.. 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.

Related Articles…