The S&P/ASX 100 index is home to some of Australia's biggest and brightest companies.
Whilst I wouldn't be in a rush to invest in all of the shares on the index, there are three in particular which I believe are great buy and hold investment options right now.
They are as follows:
Aristocrat Leisure Limited (ASX: ALL)
I think that this gaming technology company is one of the best value growth shares on the ASX 100. Despite posting a 34.2% increase in normalised NPATA to $729.6 million in FY 2018 and having strong long-term growth potential thanks to its industry leading core pokie machine business and fast-growing digital segment, its shares are changing hands at just 20x estimated full year earnings. Though, it is worth noting that Aristocrat Leisure is due to release its half year results later this month, so it may be prudent to hold out for that release or to buy half your desired holding now and the other half after the release.
CSL Limited (ASX: CSL)
Another top ASX 100 share that I would buy this month is this biotech giant. I've been very impressed with the way the company has consistently delivered strong profit growth over the last decade. The good news is that there's no sign of this trend ending in FY 2019. In the first half of FY 2019 CSL posted an 11% increase in revenue to US$4,505 million and a 10% lift in net profit after tax to US$1,161 million. And with demand for immunoglobulins products remaining strong and the company possessing a potentially lucrative pipeline of new products, I believe the future is bright for CSL.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Domino's is understandably one of the most divisive shares on the local market. Whilst the pizza chain operator's performance has been thoroughly disappointing in recent years, I believe it is worth sticking with the company. After all, if it delivers on its plan to double its store network by 2028 at the latest, it is likely to mean above-average earnings growth for the foreseeable future. Though, it is quite likely to be a bumpy ride.
