3 new ASX tech shares for your 2018 watch list

If you’re interested in new ASX tech shares, check this out…

| More on:

2017 was a year that saw some tech stocks, such as Aconex Ltd (ASX: ACX) and Appen Ltd (ASX: APX), deliver sold returns to shareholders.

Here’s three new ASX tech companies that could be worth keeping an eye on.

 

5G Networks Ltd (ASX: 5GN)

It’s been a good start for 5G Networks Ltd shareholders who have enjoyed gains exceeding 40 per cent since the company listed on the ASX in November.

5G Networks offers customers “super” high speed internet and cloud computing services.

The company hopes to tap a share of the telecoms services revenue, worth $42 billion in 2016, and intends to attract customers suffering from slow internet speeds.

5G Networks stated that the average Australian internet speed is 9.6 mbps and claims its services can boost that to 350 mbps.

 

Parkd Ltd (ASX: PKD)

The Parkd Ltd share price was up by almost 7 per cent on Friday with shares in the company now trading for about 24 cents.

Parkd Ltd has developed a parking system that utilises light weight concrete to create permanent or temporary parking structures.

The company’s share price hit 26 cents a few days after listing in early December but started to decline after that before making a recovery on Friday.

Although the company reported a loss exceeding $700,000 for FY 2017, its unique approach to parking solutions could prove popular.

 

New Energy Solar Ltd (ASX: NEW)

As the name suggests, New Energy Solar is an energy company that specialises in solar power and listed on the ASX in December.

New Energy Solar, with a market value approaching $500 million, has seen its share price drop to $1.46 after trading as high as $1.65.

The company has four solar plants in operation in the United States, two in North Carolina and two more in California.

New Energy Solar is looking to expand with plans for more solar plants in the United States and Australia.

If you’re interested in learning about more tech shares that could prove winners in 2018, check this out…

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

Motley Fool contributor Steve Holland has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended ACONEX FPO. The Motley Fool Australia owns shares of Appen Ltd. 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.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

The share price of ASX infant products retailer Baby Bunting Group Ltd (ASX:BBN) has been a solid performer so far …

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

A new landmark report by the Intergovernmental Panel on Climate Change (IPCC) was released earlier this week. It provided a …

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest …

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos Limited (ASX: AMS) share price has been on a tear this past week, rising 15% on the back …

Read more »

asx share price competitions represented by businessmen arm wrestling
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

Online furniture retailer Temple & Webster Group Ltd (ASX: TPW) had a breakout year in 2020, moving from relative obscurity …

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

Shares in ASX healthcare company Polynovo Limited (ASX: PNV) almost doubled in price last year. And, despite a shaky start …

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

Investing in other geographic markets has become a popular way to diversify a portfolio. The risks associated with being exposed …

Read more »

person reading news on mobile phone
⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

Despite the News Corporation (ASX: NWS) share price getting a 31% bump between November last year and today, News Corp …

Read more »