One thing that the Australian share market is certainly not short of is quality growth shares for investors to buy today.
Three of my favourites with significant long-term growth potential are listed below. Here's why I think they are worth buying today and holding onto for the next decade:
A2 Milk Company Ltd (ASX: A2M)
Although a2 Milk's shares look expensive on paper, I believe the premium its shares trade at is more than justified considering its explosive growth potential. The key market in my opinion will be the Chinese infant formula market. Despite its impressive growth in the country, a2 Milk still only has a small market share. I expect this to increase greatly over the next few years thanks to regulation changes and the growing consumer preference for premium infant formula products.
BWX Ltd (ASX: BWX)
This personal care company is the name behind the popular Sukin skincare range. Due largely to its international expansion and a couple of highly earnings accretive acquisitions, I believe BWX will deliver a sizeable increase in earnings in FY 2018. While I suspect that earnings growth will slow a little next year, I do believe it is more than capable of growing its earnings at an above-average rate for some time to come thanks to its ever-expanding footprint and the strong organic growth being seen in the natural beauty products market.
Ramsay Health Care Limited (ASX: RHC)
Another great option for investors is this private hospital operator. I believe that ageing populations and increased chronic disease burden will see rising demand for its services over the next decade and beyond. While some years may prove to be stronger than others, overall I expect Ramsay Health Care to grow its earnings much quicker than the average ASX share over the next ten years. Especially with its strong balance sheet allowing it to accelerate its growth through brownfield expansions.
