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5 ASX growth shares to supercharge your portfolio in 2019

Markets improved modestly at the tail-end of last week as the US–China trade discussion resumes. This could be a good time to take advantage of market inefficiencies by investing into high-growth shares, particularly if a trade deal is on the table.

Here are my top 5 ASX growth share suggestions for the rest of 2019.

Dubber

This company has captured investor attention this year. Dubber Corp Ltd (ASX: DUB), which specialises in cloud-based call recording technology, has seen its share price catapult 66% higher in 6 months, closing at $1.61 on Friday. It has since lifted another 1.85% in morning trade today.

Dubber’s recent share price spike is due to strong FY19 results. The company reported that active users were up 222%, bumping revenue 132% higher to $7.4 million. I’ll be keeping a close eye on this company to see if it can continue to generate outstanding results.

Aristocrat

For a company with an almost $20 billion market capitalisation, Aristocrat Leisure Limited (ASX: ALL) certainly strays from the pack with its startling growth. Its share price has jumped 22% higher in the last 6 months, closing at $31.05 on Friday, and lifting again this morning to be trading for $31.61 at the time of writing.

The company has announced several new slot-games in the last few months, reflecting Aristocrat’s commitment to rolling out products and innovations that appeal to consumers. It also continues to build out its distribution channel in the US for digital social gaming content, now comprising one-third of Aristocrat’s revenue.

Nanosonics

The Nanosonics Ltd (ASX: NAN) share price has jumped 42% higher in 6 months, closing at $6.46 on Friday.

This incredible performance is due to its FY19 results. Nanosonics’ operating profits before tax rose 201% to $18.8 million as a result of a 39% increase in revenue. The biotech company has also been growing its consumables market, and infection and decontamination products and services. This was a clever move that sees the company capturing more sales per customer.

Nanosonics recently launched a new product in the US and will be full speed ahead in Japan in 2020.

PolyNovo

PolyNovo Limited (ASX: PNV) has flaunted some incredible success this year. In half a year, PolyNovo has grown its market capitalisation by 167% and is now a billion-dollar company. Its share price is currently sitting at $2.56.

This is due to the growth of the company’s skin-supplement solution. Sales were up 435% from the prior corresponding period, which helped PolyNovo’s losses shrink by 46% to net just $3.19 million.

Given its clear path to profitability in 2020, this one is a good stock to watch.

Afterpay

In the last 6 months, the Afterpay Touch Group Ltd (ASX: APT) share price has rocketed 41% higher for a $35.12 close on Friday.

This growth is largely attributed to its fantastic FY results. Highlights include the success of scaling its interest-free buy-now, pay-later model in the UK, having acquired 200,000 customers in its first 15 weeks. This growth exceeds that of the US.

Analysts are anticipating its share price to exceed $40 in 2020, so perhaps this is a good time to invest.

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Audrey Thehamihardja has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of AFTERPAY T FPO and Nanosonics Limited. The Motley Fool Australia has recommended Nanosonics Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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