The Motley Fool

Three companies doing well offshore

IDP Education Ltd (ASX: IEL), Reliance Worldwide Corporation Ltd (ASX: RWC) and Lovisa Holdings Ltd (ASX: LOV) are three companies that are worth a closer look, especially as the Australian dollar moves back to 76 cents. Although the dollar’s recovery could be short-lived, these companies are well managed mid-caps that have a durable product that they have been able to move into offshore markets. The three companies are operating in very different industries but share a strong share price performance on the back of bright earnings’ outlooks and financial constraint.

IDP Education is an exporter of education that provides international student placements at Universities and English-language testing services in 50 countries. Expansion offshore is high on the agenda with acquisition of a stake in HCP Limited, a Chinese company that specialises in providing English-language test-preparation material. As well, IDP has recently partnered with Cognizant, a US company, to build a global platform for students. Another positive is the company is about to enter the S&P/ASX 200 (ASX: JXJO) which will most likely boost demand for its shares.

Reliance Worldwide Corporation designs, manufactures and supplies plumbing products to be predominantly used in residential repair and renovation projects. Reliance has managed to penetrate the US market through Home Depot and Lowe’s network primarily with a product called SharkBite, which is being increasingly favoured by plumbers. The company plans to continue its offshore expansion organically and through acquisitions.

Lovisa Holdings is a mid-cap jewellery retailer that has also been successful in moving into offshore markets. Dealing in disposable fashion the company can respond quickly to changes in demand and trends. Since presenting at the Macquarie Conference earlier in the month the share price is up 20%. Improving margins for 1H18, net profit up 22% compared to 1H17 as well as a broad global reach and no debt, are all positives.

Top 3 ASX Blue Chips To Buy In 2018

But knowing which blue chips to buy, and when, can be fraught with danger.

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

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%.

Click here to claim your free report.

Motley Fool contributor Rosemary Steinfort has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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 Scott Phillips.

5 ASX Stocks for Building Wealth After 50

I just read that Warren Buffett, the world’s best investor, made over 99% of his massive fortune after his 50th birthday.

It just goes to show you… it’s never too late to start securing your financial future.

And Motley Fool Chief Investment Advisor Scott Phillips just released a brand-new report that reveals five of our favourite ASX stocks for building wealth after 50.

– Each company boasts strong growth prospects over the next 3 to 5 years…

– Most importantly each pays a generous dividend, fully franked.

Simply click here to find out how you can claim your FREE copy of “5 ASX Stocks for Building Wealth After 50.”

See the stocks now