MENU

3 top ASX growth shares to buy this month

I believe there are a large number of growth shares on the Australian share market that would make great long-term investments.

Three top ASX growth shares to buy today are listed below, here’s why I like them:

Aristocrat Leisure Limited (ASX: ALL)

This gaming technology company’s shares have come under pressure since the release of its full year results last month. Although Aristocrat Leisure achieved a 34.3% lift in NPATA to $729.6 million, this level of growth was a touch lower than market expectations. In addition to this, investors appear to have been spooked with management warning that its FY 2019 earnings growth is expected to be skewed to the second half. But with its shares now trading at 21x earnings, I think they are great value considering its current growth profile.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Due to its high levels of short interest, I suspect that things could remain reasonably volatile for this pizza chain operator’s shares in the near term. However, if you’re prepared to hold onto them for the long-term I believe you could be rewarded handsomely if the company delivers on its expansion plans. As well as leveraging technology to increase its margins, the company aims to nearly double the size of its store network over the next seven years.

Helloworld Travel Ltd (ASX: HLO)

This integrated travel company is another share that I think growth investors ought to take a closer look at. At its recent annual general meeting management advised that it has had a strong start to FY 2019 with further solid growth in the first quarter. In light of this, management advised that it is on course to grow its full year earnings in the range of 16.5% and 23%. So with its shares priced at just 18x earnings and offering a 3% dividend yield, I think an investment offers a compelling risk/reward.

Top 3 ASX Blue Chips To Buy For 2019

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 2019.

Each one pays a fully franked dividend. The names of these Top 3 ASX Blue Chips are included in a 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.

See the 3 blue chip stocks

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Helloworld Limited. The Motley Fool Australia has recommended Domino's Pizza Enterprises 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 Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.