With so many quality growth shares listed on the Australian share market, growth investors certainly are a lucky bunch.
But with so many to choose from it can be hard to decide which ones to buy.
To narrow things down I have picked out three growth shares which I think are well worth considering right now. Here's why I like them:
A2 Milk Company Ltd (ASX: A2M)
One of my favourite growth shares on the Australian share market is this leading infant formula and fresh milk company. I believe it has outstanding long-term growth potential thanks to the insatiable demand for its infant formula products in China and also its expansion in North America. Its shares may trade at a premium to the market average, but I believe a2 Milk's positive long-term outlook justifies this.
Aristocrat Leisure Limited (ASX: ALL)
But investors that feel a2 Milk Company's shares are too expensive might want to consider this gaming technology company's shares instead. Aristocrat Leisure's shares are currently changing hands at just 20x estimated forward earnings. I think this makes them cheap considering in FY 2018 the company delivered a 34.2% lift in normalised NPATA to $729.6 million. And while management has not provided guidance for this year, I remain confident it will achieve strong profit growth again thanks to its fast-growing digital business which has exposure to the booming social and mobile gaming market.
Cochlear Limited (ASX: COH)
One of my favourite growth shares in the healthcare sector is this leading global hearing solutions company. As people get older their hearing will more often than not fade. So with the over-60 population expected to increase significantly globally over the next couple of decades, I believe Cochlear is well-positioned to profit due to the quality of its product portfolio, investments in R&D, and global distribution network.
