Although the S&P/ASX 100 (Index: ^AXTO) (ASX: XTO) has climbed a remarkable 19.2% in the last 12 months, I believe there are still some great investment opportunities on the index for investors to consider.
Three shares which I believe are standouts today are as follows:
The Domino's Pizza Enterprises Ltd. (ASX: DMP) share price has fallen around 14% in the last six months as investors fret over allegations that franchisees have underpaid staff. I believe these concerns are largely overdone and have created an opportunity for investors to snap up this high quality company at a fair price. For the full-year Domino's is forecasting net profit after tax growth of 32.5%.
The ResMed Inc. (CHESS) (ASX: RMD) share price may have climbed 17% in the last 12 months, but thanks to the strong growth of the sleep apnoea market I think its shares can continue to climb higher over the next 12 months. ResMed recently posted a 17% increase in half-year sales to US$530.4 million. I expect more of the same in the second-half of the year, making this an opportune time to invest in my opinion.
I think the Star Entertainment Group Ltd (ASX: SGR) share price could be in the buy zone today at just 16x trailing earnings. Although the casino and entertainment company posted a relatively subdued first-half result, management did reveal that trading had strengthened since the start of January. As well as a stronger second-half, I expect the tourism boom to support solid long-term earnings growth that makes Star Entertainment a great buy and hold investment option.
