Are you interested in adding some ASX growth shares to your portfolio in January? If you are, you may want to look at the ones listed below.
Here's what you need to know about these growth shares:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first growth share to consider is actually an ETF that gives investors easy exposure to many of the Asian region's best growth shares. The BetaShares Asia Technology Tigers ETF is home to ~50 companies that are leading Asia's technological revolution. These include Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, and WeChat owner Tencent. And while regulatory concerns have been weighing on their shares this year, some analysts believe this has created a buying opportunity.
Breville Group Ltd (ASX: BRG)
Another ASX growth share to look at is Breville. It is a leading appliance manufacturer behind a range of brands that have been resonating extremely well with consumers for many years. Combined with its investment in research and development and its global expansion, this has helped underpin consistently solid sales and earnings growth. The good news is that this is expected to continue in the future, particularly given favourable industry tailwinds such as working from home. Macquarie is a very positive on Breville. The broker currently has an outperform rating and $34.37 price target on its shares.
Hipages Group Holdings Ltd (ASX: HPG)
A final ASX growth share to look at is Hipages. It is a leading Australian-based online platform and software as a service provider connecting consumers with trusted tradies. There are currently over 30,000 tradies using Hipages platform, which is supporting strong sales growth across. The company has also just bolstered its growth with the acquisition of New Zealand rival Builderscrack. This gives Hipages access to a NZ$26 billion total addressable market and 4,000 active tradies. Goldman Sachs is a big fan of Hipages. It currently has a buy rating and $5.15 price target on its shares.
