Why these 3 ASX shares have rocketed more than 100% in the last 12 months

Although in the last 12 months the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has gained a reasonably solid 8%, it pales in comparison to some of the gains on the benchmark index.

The three shares listed below have more than doubled in value during this time. Can they climb higher?

The BlueScope Steel Limited (ASX: BSL) share price is up just over 100% in the last 12 months. In February the steel manufacturer reported a 79% jump in half-year profit to $359 million, thanks largely to cost improvements, sales growth, and improved steel spreads. Whilst I think its strong performance has justified the incredible rise of its share price, I feel it would take something special to keep it climbing significantly higher now. But with Chinese steel production soaring to a record high last month, I am concerned that there could be an oversupply. For this reason I would stay clear of BlueScope.

The Webjet Limited (ASX: WEB) share price is also up just over 100% since this time last year. The catalyst for this was an extremely positive half-year report which revealed strong organic growth and market share gains for all its key businesses. This enabled Webjet to post an 86.9% increase in half-year net profit over the prior corresponding period. With airfare tickets rising and Webjet likely to continue winning market share, I expect an equally strong second-half could take its share price higher still.

The Whitehaven Coal Ltd (ASX: WHC) share price has risen a stunning 242% in the last 12 months thanks to the Chinese government’s decision to curb its coal production. This led to a sharp reduction in supply at a time when Chinese steelmakers were ramping up production. As you might expect, coal prices rose sharply. But now that demand from China is waning and its inventories are growing, prices look set to remain under pressure for the foreseeable future. Because of this I would suggest investors give the coal miner a wide berth and focus elsewhere in the market instead.

These explosive growth shares, for example, would be far better investments that Whitehaven in my opinion. I'm tipping each of them for big things this year.

Top 3 ASX Blue Chips To Buy In 2017

For many, blue chip stocks means stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2017."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

If you're expecting to see the likes of Commonwealth Bank, Telstra and Wesfarmers shares on this list, you'll be sorely disappointed. Not only are their dividends growing at a snail's pace, their profits are under pressure too due to the increasing competitive environment.

The contrast to these "new breed" blue chips couldn't be greater... especially the very real prospect of significant share price gains, something that's looking less likely from the usual blue chip suspects.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor James Mickleboro has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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.

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