There are some exciting ASX tech shares available to Aussie investors.
Here are three that might be able to make decent returns:
Betashares Global Cybersecurity ETF (ASX: HACK)
This exchange-traded fund (ETF) looks to give exposure to some of the world’s leading cybersecurity businesses.
Betashares says that cybersecurity is fast-growing sector, with cybercrime on the rise, the demand for cybersecurity services is expected to grow strongly for the foreseeable future.
The fund’s portfolio includes global cybersecurity giants, as well as emerging players, from a range of global locations.
In terms of the country allocation, the US gets the vast bulk of the weighting with an 88.5% allocation of the ASX tech share’s portfolio. The UK, Israel, Japan and France are the only other countries with a weighting of more than 1%.
The biggest positions in the Betashares Global Cybersecurity ETF include: Crowdstrike, Zscaler, Cisco Systems, Accenture, Splunk, Fireeye, Proofpoint, Sailpoint Technologies, F5 Networks and Palo Alto Networks.
Management costs are 0.67% per annum. The ETF’s returns after fees are as follows: 36.75% over the past year, 25.6% per annum over the last three years and 21.4% per annum since inception in August 2016.
Serko Ltd (ASX: SKO)
Serko is a business based in New Zealand that specialises in online travel booking and expense management for the business travel market. It’s a business that’s liked by fund manager by WAM Microcap Limited (ASX: WMI) and is one of the top holdings.
The ASX tech share is benefiting from an increase in travel as well as the reopening of travel between Australia and New Zealand. Last year Serko raised NZ$67.5 at NZ$4.55 per share to strengthen its balance sheet.
It wasn’t too long ago that Serko released its FY21 half-year result where it said that operating revenue had dropped 66% to NZ$5.1 million. Half-year total travel bookings for the six months had declined 77%, but it has improved to being down 65% for October 2020.
Serko was projecting that travel volumes would be in the range of 40% to 70% of pre-COVID-19 levels by March 2021.
Pushpay Holdings Ltd (ASX: PPH)
The electronic giving ASX tech share is a payments facilitator for large and medium US churches.
Pushpay recently increased its operating profit guidance again.
It said that its processing volume over the month of December 2020 was slightly higher than the company’s internal forecast when guidance was last update. While December donation volumes are usually significantly higher than other months partially driven by tax year-end giving in the US, the level of the increase can vary from year to year.
Management said that the company’s processing volume achieved in December 2020 combined with continuing operating leverage improvements supports a guidance update.
Pushpay also said that it has allocated an initial investment of resources into developing and enhancing the customer proposition for the Catholic segment of the US faith sector. The company said investment into the Catholic segment represents a significant milestone as Pushpay continues to work on being the preferred provider of mission critical software to the US faith sector.
Previous guidance was US$54 million to US$58 million, it then upgraded that guidance for FY21 to a range of between US$56 million and US$60 million. However, it said that uncertainties and impacts surrounding COVID-19 and the broader US economic environment remain. Pushpay expects operating leverage to continue to accrue to the business over the remainder of the current financial year.
At the current Pushpay share price it is valued at 26x FY22’s estimated earnings.
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Tristan Harrison owns shares of WAM MICRO FPO. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of BETA CYBER ETF UNITS, PUSHPAY FPO NZX, and Serko Ltd. The Motley Fool Australia has recommended PUSHPAY FPO NZX and Serko Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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