I think Class Ltd (ASX: CL1) shares, Hansen Technologies Limited (ASX: HSN) shares, Nanosonics Ltd (ASX: NAN) shares, Praemium Ltd (ASX: PPS) shares, CSL Limited (ASX: CSL) shares and NIB Holdings Limited (ASX: NHF) shares could be winners.
Class is a $350 million software business specialising in the finance industry. Its leading product is Class Super, a cloud-based software product for financial advisors and accountants to administer self-managed superannuation funds (SMSFs).
Hansen is another software business. It creates billing software which is used by call centres in the telecommunications and energy sectors, amongst others. This kind of technology is embedded in company systems, making it difficult for them to stop using it — which is good for Hansen.
Thanks to strong growth, Nanosonics has become a $700 million company very rapidly. It sells a system called Trophon which is used to disinfect ultrasound probes. Being efficient and convenient has enabled Trophon to make its way into more leading hospitals.
Praemium is a tiny $150 million (read: higher risk) company which is also in the technology industry. It has developed a platform which is being used as a superior way to invest in leading portfolios. I covered Praemium and Class in more detail here.
From the tiny to the mighty CSL Limited, a $55 billion global biopharmaceutical company. CSL has experienced extraordinary growth over the past two decades, with its lifesaving immunotherapies helping thousands of people around the world. Although it is already Australia’s largest healthcare business, it could have further to go yet.
NIB is the health insurer with growing operations in Australia and New Zealand. Health insurance is something that is being pushed by governments across the world, but is also being demanded by a wealthier population. Moreover, the industry stands to benefit from an older population.
At today’s prices, every investor looking for long-term growth on the ASX should have these shares on their watchlists. While some are higher risk than others I think there is a good spread of companies on this list.
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The Motley Fool Australia owns shares of Class Limited, Nanosonics and Hansen Technologies. 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.