Looking to expand your ASX share portfolio with quality shares for the long term?
All three ASX shares have a strong presence in their respective markets, and also have strong long term growth potential.
TPG is now Australia’s the second-largest fixed broadband provider after Telstra Corporation Ltd (ASX: TLS). This followed a series of acquisitions dating back to 2011.
TPG has struggled over the past few years from a financial perspective. This is mainly due to due to the lower retail margins it receives from wholesaling services on the National Broadband Network (NBN).
However on the back of TPG’s merger with Vodafone, the telco is now in a much stronger position to compete with its two largest competitors: Telstra and Optus. I believe that the newly merged TPG-Vodafone is well positioned to roll out a competitive 5G offering, on the back of Vodafone’s current network. It is is also well placed to offer a more competitive fixed broadband offering through the NBN.
Ramsay has evolved significantly over the past few decades. It has transitioned from a small Australian hospital operator to become Australia’s largest private healthcare provider. Ramsay now has operations spanning 11 countries globally. Ramsay’s size and market scale provides it with a distinct competitive advantage over its competitors in negotiations with health insurers.
Elective surgeries were significantly impacted during the early phases of the coronavirus pandemic, but are now starting to recommence in some markets. The healthcare provider also recently managed to close a number of important government deals in Australia and the United Kingdom.
I believe that Ramsay is well positioned for strong growth over the next decade, driven by the rising global demand for healthcare services.
Bravura is an Australian-based fintech company. It provides mission-critical enterprise software solutions for the wealth management and funds administration industries.
In FY 2019, Bravura’s overall revenue increased strongly by 16% to $257.7 million and its earnings before interest, tax, depreciation and amortisation increased by 27%. This solid result followed on from strong revenue growth since it was founded in 2015.
More recently, Bravura confirmed it has not seen a significant decline in demand during the coronavirus pandemic. It also reaffirmed its earnings guidance for FY 2020 and expects to see growth in net profit after tax in the mid-teens.
I believe that Bravura is well placed for strong growth over the next 5 years, driven by an expanding market presence in its key markets: Australia, New Zealand, the United Kingdom, and South Africa.
Where to invest $1,000 right now
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Motley Fool contributor Phil Harpur has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Bravura Solutions Ltd. The Motley Fool Australia has recommended Ramsay Health Care 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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