Next week marks the start of July and the new financial year.
I think this is a perfect time to look at your portfolio and consider new additions and possible exclusions.
If you're partial to a few growth shares like I am, then I think the shares listed below could be worth considering. Here's why:
Altium Limited (ASX: ALU)
Altium is a printed circuit board (PCB) design software provider which I think would be a great option for investors. As PCBs are found inside almost all connected devices, I believe Altium is a great way to gain exposure to the Internet of Things boom which is expected to accelerate when 5G internet is launched. This will allow more and more devices to connect to the internet and possibly lead to an increase in licenses for the Altium Designer software. While I expect this will lead to growth that justifies the premium its shares trade at today, it certainly is high on the risk scale.
Bellamy's Australia Ltd (ASX: BAL)
Bellamy's is an organic infant formula company which in my opinion is amongst the best growth shares on the local market. Although it shares have been a touch volatile of late after rival A2 Milk Company Ltd (ASX: A2M) provided full-year guidance which was a touch lower than expected, I think it is worth overlooking the short term noise and focusing on the long-term. With demand in China for ANZ infant formula growing at an explosive rate, I feel Bellamy's has the potential to grow significantly over the next decade.
Webjet Limited (ASX: WEB)
Webjet is my favourite share in the travel industry and appears to be perfectly positioned to benefit from Australia's inbound and outbound tourism boom and the seismic shift to online booking. Management is targeting long-term bookings growth well ahead of the industry average and has thus far delivered on this. This allowed the company to post a 45% increase in net profit after tax before acquisition amortisation from its continuing operations in the first-half. I expect more of the same in the second half and beyond.
