2 ASX tech shares to buy in March 2021

The 2 ASX tech shares in this article could be solid buy ideas for March 2021. One of the ideas is Betashares Nasdaq 100 ETF (ASX:NDQ).
The post 2 ASX tech shares to buy in March 2021 appeared first on The Motley Fool Australia. –

small lights in the form of waves representing swell of asx tech shares

There are some wonderful tech shares on the ASX that may be worth thinking about.

Technology is changing the world in many different ways. It is changing how we shop, it’s changing how people can communicate and it’s changing how we research shares.

Some ASX tech shares have been sold off recently and are now cheaper:

Betashares Nasdaq 100 ETF (ASX: NDQ)

This is an exchange-traded fund (ETF) which invests in 100 of the biggest non-financial businesses listed on the NASDAQ, which is a stock exchange in North America.

Many of the world’s biggest tech companies are listed on the NASDAQ, so there’s blue chip tech exposure to businesses like: Apple, Microsoft, Amazon, Tesla, Alphabet, Facebook, Nvidia, PayPal and Intel.

Whilst it does give exposure to the ‘FAANG’ shares, including Netflix, there are a number of other tech names in the portfolio like Adobe, Broadcom, Qualcomm, Texas Instruments, Applied Materials, Advanced Micro Devices, Intuit, Micron Technology, ASML and Zoom.

There are also plenty of companies that aren’t classified as information technology as their ‘sector’, but they do use world-leading technology within the business including Costco, Starbucks, Booking Holdings, Intuitive Surgical,, MercadoLibre, Activision Blizzard, Baidu, Mondelez and Moderna.

The returns of the ETF have been consistently strong since inception in May 2015, returning a net of 21.25% per annum. Over the last three years, the return has been 25.7% per annum.

Those returns from the ASX tech share include the annual management fee of 0.48% per annum. Ltd (ASX: KGN) is an e-commerce business where a large number of products and services are sold. TVs, phones, appliances, drones, clothes, furniture and so on can be bought on the website. It also sells services like mobile plans, NBN internet, insurance and superannuation.

In the company’s FY21 half-year result, it reported that gross sales rose 97.4% to $638.2 million, adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) went up 184.4% to $51.7 million and net profit after tax (NPAT) jumped 164.2% to $23.6 million.

The ASX tech share said that it’s going to keep investing in its logistics network, speed of delivery, range expansion and improved competition on the platform to drive even better experiences for its customers. founder and CEO Ruslan Kogan said:

The rapidly expanding network effect at means that as we attract more customers, we’re able to make the products and services they need even more affordable and accessible. I love hearing feedback from customers that have shopped with us many times over our 15 year journey about how the experience keeps getting better and better – this is what makes our team jump out of bed in the morning. The investments we’re making into today are to ensure that we can continue to delight millions of customers in more and more ways.

The company continues to expand its total addressable market by adding new product lines and the Kogan Marketplace keeps increasing its number of sellers. The Mighty Ape acquisition also increases the potential growth for

January 2021 saw gross sales growth of 45% year on year, gross profit went up 102% and adjusted EBITDA rose 90%.

The share price is valued at 19x FY23’s estimated earnings according to Commsec.

Where to invest $1,000 right now

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now.

See The 5 Stocks

*Returns as of February 15th 2021

More reading

Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of BETANASDAQ ETF UNITS and ltd. The Motley Fool Australia has recommended BETANASDAQ ETF UNITS and ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

The post 2 ASX tech shares to buy in March 2021 appeared first on The Motley Fool Australia.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!