With so many quality growth shares on the local share market it can be difficult to decide which to buy.
To help you decide which to buy, I have listed three of my favourites below. Here's why I think they would be great options for investors today:
a2 Milk Company Ltd (Australia) (ASX: A2M)
This infant formula and dairy company would have to be one of the best growth shares on the market right now thanks to the insatiable demand for its products in China. Although its shares have rallied incredibly strongly this year and now trade at a significant premium to the market average, I believe its growth justifies this. As does Citi, which recently slapped a buy rating and $8.85 price target on its shares.
Altium Limited (ASX: ALU)
The rise of the Internet of Things means that more and more everyday objects are becoming smarter and boast internet connectivity. In order to accomplish this these objects will almost always require a printed circuit board (PCB) inside them. I believe this will lead to increasing demand for Altium's PCB design software over the next few years. Management certainly agrees with this and expects the company to almost double its revenue to US$200 million by FY 2020.
BWX Ltd (ASX: BWX)
BWX is the company behind the increasingly popular Sukin skincare range. Thanks to the continued international expansion of the Sukin brand and a number of earnings accretive acquisitions, I expect EBITDA growth to be in and around the 50% mark in FY 2018. Looking further ahead, I think BWX is capable of above-average earnings growth for the next decade as it expands its presence in new markets.
