If you're a fan of growth shares then you're in luck because I believe there are a large number of high quality ones to choose from on the Australian share market right now.
Three that I think are in the buy zone right now are listed below. Here's why I like them:
Aristocrat Leisure Limited (ASX: ALL)
This gaming technology company is one of my favourite growth shares to buy this month. Whilst I'm a big fan of its core pokie machine business and feel it has solid growth prospects, the main attraction to the company for me is its fast-growing digital business. This segment was a key driver of growth in FY 2018, helping Aristocrat Leisure post a 34.2% lift in normalised NPATA to $729.6 million. I expect more of the same in FY 2019 and beyond, making its shares great value at just 20x estimated forward earnings.
CSL Limited (ASX: CSL)
Another top growth share to consider buying is this global biotherapeutics company. CSL has a long track record of generating strong returns for its shareholders and I don't expect that to change any time soon. This is due to the quality of its portfolio, pipeline of lucrative drugs, expanding plasma collection network, and material investment in research and development. Combined, I believe this has positioned CSL to generate above-average earnings growth for a long time to come.
Webjet Limited (ASX: WEB)
Webjet is an online travel agent which has been growing at an impressive rate over the last few years thanks to the increasing popularity of its travel booking brands and the shift to online booking by consumers. In addition to this, the company has boosted its growth through a number of acquisitions which I believe have left it well-placed to continue delivering strong earnings growth for the foreseeable future. This is expected to be the case in FY 2019, with management providing full year EBITDA guidance of $120 million. This will be a 37% increase on FY 2018's result.
