I think the local share market is home to some fantastic growth shares with the potential to beat the market significantly over the long-term.
Three which I think are amongst the best on the market right now are listed below. Here's why I think investors should consider them today:
Afterpay Touch Group Ltd (ASX: APT)
I think that Afterpay Touch is arguably the best fintech share on the local market at the moment and a company with enormous growth potential. In an update released towards the end of last year, management advised that annualised sales are now in excess of $1.5 billion based on its recent monthly performance. I believe this is still only the beginning and that it also has the option to accelerate its growth through an expansion of the Afterpay service internationally.
Aristocrat Leisure Limited (ASX: ALL)
I have been very impressed at the growth of this leading gaming company's digital segment. While its core pokie machine business remains strong, I don't think it will be long before its digital segment is the out and out breadwinner. Especially considering the recent acquisitions it has made. This has bolstered its portfolio with a number of popular mobile and social games, putting Aristocrat Leisure in a position to continue growing its average daily users and average revenue per user metrics.
Domino's Pizza Enterprises Ltd. (ASX: DMP)
This may be a bit of a controversial pick given its performance in FY 2017, but I feel confident that Domino's will be an excellent buy and hold investment thanks partly to its store expansion. The pizza chain operator is targeting 4,650 stores by 2025, more than double its store count at the end of FY 2017. But as well as this, thanks to its use of technology and innovation, management expects to vastly improve its margins over the next few years. I expect this to lead to strong profit growth.
