As we rapidly approach the halfway point in 2016 I feel now is as good a time as any to take a moment to check up on your portfolio and prepare it for a strong second half and the new financial year.
With the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) trading down by just less than one percent since the turn of the year, it has clearly been a tough market to operate in.
So if your portfolio is in need of a lift in the second half then I would suggest taking a look at these three growth shares which I believe could be set for a strong finish to the year.
Aconex Ltd (ASX: ACX)
This software-as-a-service company has been making waves this year receiving upgrade after upgrade from some of the biggest investment banks around the world. Most recently Morgan Stanley slapped a $10 price target on the shares, according to Dow Jones Newswires. Its popular cloud collaboration platform for the global construction industry has been growing its user organisations at a very strong rate, and recent acquisitions could be the catalyst for an acceleration of its overseas expansion plans.
Ramsay Health Care Limited (ASX: RHC)
I believe this health care service provider is one of the best shares on the S&P/ASX 200 and would make a great addition to most portfolios today. Due to it having 221 hospitals across six countries, 25,000 beds, and 50 years' experience in the industry, I feel Ramsay Health Care is positioned perfectly for long-term growth. In a recent company presentation management stated that it saw demand growing due to ageing populations, increased chronic disease burden, and improvements in treatment and diagnostic methods.
TPG Telecom Ltd (ASX: TPM)
Shareholders of TPG Telecom have been having a great 2016 thanks to the company's continued strong performance. In its interim results TPG Telecom delivered underlying half year EBITDA growth of 56% to $368.8 million. This fantastic form looks set to continue with management providing full year underlying EBITDA guidance of $770 million to $775 million. I believe mobile phones will be a real growth driver for the company moving forward. According to research by Kantar, TPG Telecom has a disappointing 2% share of the total mobile market. I don't believe its founder and CEO David Teoh will be satisfied with this level of market share and would not be surprised to see the company make an approach for Vodafone Australia before the year is out.
