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3 top growth shares to buy and hold for a decade

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.

Looking for even more quality growth shares? Then don't miss out on these star performers.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean 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 2018."

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%.

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.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended BWX Limited. The Motley Fool Australia owns shares of A2 Milk. The Motley Fool Australia has recommended Ramsay Health Care Limited. 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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