A new month is upon us, so what better time to have a look at your portfolio and see if it could benefit from a few new additions.
If you're interested in growth shares, then I would suggest you consider the three listed below. Here's why I would buy them in February:
A2 Milk Company Ltd (ASX: A2M)
One of my favourite growth shares on the Australian share market is a2 Milk Company. The infant formula and fresh milk company has been growing at an exceptionally strong rate over the last few years and appears well-placed to build on this in the future. Management has its eyes on the Greater China and United States markets and sees sizeable growth opportunities there. It also notes that in China its high consumer loyalty and relatively low awareness indicates a significant runway for growth. I agree and feel confident it will carve out a much larger market share over the coming years.
Bravura Solutions Ltd (ASX: BVS)
Another growth share to consider buying is Bravura Solutions. It is a leading provider of software solutions for the wealth management, life insurance, and funds administration industries. Its solutions are underpinned by highly functional technology that allows for modernisation, consolidation, and simplification. At the last count it had more than 350 direct and indirect blue-chip clients, with in excess of A$2.8 trillion in assets entrusted to its systems. I believe the company's technology and recent acquisitions leave it well-placed for strong long term growth.
Webjet Limited (ASX: WEB)
If this online travel booking company isn't taken over by private equity in the coming months, I think its shares could provide very strong returns for investors over the next decade. The main attraction to the company for me is its WebBeds B2B business. This has been growing at an incredibly strong rate and looks well-positioned to continue doing so for the foreseeable future. Combined with its margin expansion plans, I feel confident Webjet will deliver above-average earnings growth for many years to come.
