Due to having a higher than average tolerance for risk, I'm a big fan of investing in growth shares.
Which certainly is fortunate, because right now I believe there are a good number of high quality growth shares that are worth buying.
Three to consider are listed below:
A2 Milk Company Ltd (ASX: A2M)
I continue to believe that this leading infant formula and fresh milk company is one of the best growth shares on the local market. Earlier this week the company released its third quarter update and revealed further market share gains in China and the ANZ region. This helped take its revenue for the first nine months of FY 2019 up to NZ$938 million, up 42% on the prior corresponding period. Due to the growing demand for its infant formula in China and its expansion in the United States, I feel the company is well-positioned for further strong growth in FY 2020, making it a growth share I would want in my portfolio.
Costa Group Holdings Ltd (ASX: CGC)
Costa Group's performance at the end of last year was incredibly worrying and unsurprisingly led to its shares being hammered. Since then, however, trading conditions have improved materially and the company is on course to achieve its calendar year 2019 guidance for earnings growth of at least 30%. I believe this and its positive long term outlook makes it worth considering an investment in the horticulture company's shares today.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Whilst I suspect that this pizza chain operator's growth could underwhelm in the near term due to softness in the European market, I believe it is well worth sticking with the company due to its long-term expansion plans. If the company can deliver on its plan to double its store network by 2028 at the latest and improve its margins, then it should lead to strong and consistent profit growth over the next decade.
