At present I believe there are a large amount of growth shares trading on the local market that could be great investment options.
But with so many to choose from it can be hard to decide which ones to buy.
To help you on your way I've picked out three which I think are in the buy zone today. They are as follows:
A2 Milk Company Ltd (ASX: A2M)
This infant formula and dairy company's shares have come under pressure in recent weeks after its explosive growth was less explosive than many in the market had expected. I believe that this could be down to careful inventory management as the company prepares for the launch of its new packaging. As such, I think it could be worth seizing on this share price weakness to buy a2 Milk Company's shares with a long-term view.
Aristocrat Leisure Limited (ASX: ALL)
Earlier this month this gaming technology company released its half-year update which revealed an impressive 24.4% increase in net profit after tax. One key driver of this growth was its Digital segment. Thanks to the acquisitions of Plarium and Big Fish, together with the continued success of its own digital portfolio, the number of the segment's daily active users grew 493% to 8.9 million. With the company generating 41 U.S. cents from each of these users per day, the strong recurring revenues from the segment are highly attractive in my opinion. I expect this and the strength of its core pokie machine business to put Aristocrat Leisure in a position to generate above-average profit growth over the next few years at least.
Corporate Travel Management Ltd (ASX: CTD)
This corporate travel manager operates in an industry that is growing fast and is highly fragmented. So not only should the company benefit from the strong organic growth in the industry, but it has opportunities to accelerate this growth through earnings accretive acquisitions. Not that its growth rate necessarily needs to accelerate! Thanks to the strong demand it is experiencing, management expects Corporate Travel Management to achieve year-on-year EBITDA growth of approximately 27.5% in FY 2018.
