A new month is upon us, so what better time to look at making some new additions to your portfolio.
If you're a fan of growth shares then one of the five shares listed below could be a good option in June:
Appen Ltd (ASX: APX)
One of my favourite growth shares on the ASX is this leading provider of language technology data and services. It has been growing at an incredible rate over the last few years thanks to its exposure to artificial intelligence and machine learning. And with these markets tipped to grow materially over the next decade, I believe it is well-placed to continue this strong form for many years to come.
Aristocrat Leisure Limited (ASX: ALL)
Aristocrat Leisure is a gaming technology company which I think has the potential to generate outsized returns for investors over the next decade. Last week the company released its half year results and reported a 29.8% increase in operating revenue to $2,150.3 million and a 16.8% lift in normalised EBITA to $644.4 million. I believe its strong core business and exposure to the rapidly growing digital and social gaming market will support further solid growth over the medium term.
CSL Limited (ASX: CSL)
This global biotech giant is arguably the best growth share on the Australian share market. It has provided its shareholders with market-beating returns over the last decade and looks well-positioned to do the same again over the next 10 years. This is due to its growing plasma collection network, quality portfolio of products, lucrative pipeline, and high level of investment in research and development.
REA Group Limited (ASX: REA)
REA Group is the property listings company behind the realestate.com.au website. Despite the housing market going through a downturn, the company has continued to deliver strong earnings growth in FY 2019. If the housing market rebounds next year as many people are tipping, there's a strong probability that REA Group's earnings growth will accelerate again.
Webjet Limited (ASX: WEB)
Thanks to a combination of earnings accretive acquisitions, the shift to online booking, and the growing popularity of its brands, this online travel agent has been an impressive performer over the last decade. The good news is that this strong form has continued in FY 2019 with Webjet reporting a 59% lift in net profit after tax to $31.8 million in the first half. Due to the large market opportunity that its WebBeds (B2B) business has, I think the company is well-positioned for more of the same in the coming years.
