A new month is upon us and what better time to consider making changes to your portfolio, especially after earnings season.
Here are three top growth shares that I would consider buying in September:
Domino's Pizza Enterprises Ltd (ASX: DMP)
While Domino's continues to be one of the most divisive shares on the Australian share market, I firmly sit in the long-term bull camp. I believe the company's growth plans will lead to above-average growth in both sales and earnings over the next decade. These growth plans include the company aiming to almost double its store network to 4,650 stores by 2025 and expand its margins meaningfully. So, at 30x earnings I feel now could be a good time to embark on a patient buy and hold investment.
Macquarie Telecom Group Ltd (ASX: MAQ)
Macquarie Telecom is one of my favourite shares in the mid cap space right now. Although its shares have been on fire, I still believe the data centre, cloud, cyber security, and telecom company could provide outsized returns for shareholders over the long-term. Especially after recently announcing plans to expand its data centre capacity significantly. This expansion should put the company in a great position to continue profiting from the cloud computing boom for many years to come.
Megaport Ltd (ASX: MP1)
But it isn't just Macquarie Telecom that looks set to profit from the cloud computing boom. Megaport is a provider of elasticity connectivity and network services in 221 data centres globally. Its ever-expanding footprint led to customer numbers increasing by 41% in FY 2018 to 1,038 and revenue growing at an even quicker rate of 85% to $19.8 million. With demand for its services continuing to increase, I expect FY 2019 to be an equally strong year. Though, it is worth remembering that its shares are a little on the high risk side due to the sky high premium they trade on.
