Insights

3 excellent ASX shares for growth investors

Here are a few options for growth investors…
The post 3 excellent ASX shares for growth investors appeared first on The Motley Fool Australia. –

With so many growth shares to choose from on the Australian share market, it can be hard to decide which ones to buy over others.

To narrow things down, I have picked out three options that are highly rated to consider:

BetaShares Asia Technology Tigers ETF (ASX: ASIA)

The first option is actually an ETF that gives investors access to a group of highly promising growth shares in the Asian market. By buying the BetaShares Asia Technology Tigers ETF, investors will be buying a slice of 50 outstanding tech companies that are leading Asia’s technological revolution. Among the companies included in the fund are the likes of Alibaba, JD.com, Pinduoduo, Samsung, Taiwan Semiconductor, & Tencent.

ELMO Software Ltd (ASX: ELO)

Another growth share to look at is ELMO. It is a HR and payroll platform provider with operations in the ANZ and UK markets. Thanks to a combination of the shift to the cloud, the quality of its platform, and acquisitions, ELMO has been growing at a strong rate in recent years. Positively, despite this strong revenue growth, it is still only scratching at the surface of its addressable market. This gives it a long runway for growth over the next decade. One broker that is positive on ELMO is Shaw & Partners. It currently has a buy rating and $9.00 price target on its shares.

Temple & Webster Group Ltd (ASX: TPW)

A final ASX growth share to look at is this online furniture and homewares retailer. It has been tipped to grow at a very strong rate over the 2020s thanks to the shift to online shopping. This is particularly the case for online furniture shopping, with is still in its infancy compared to other retail categories. Management recently revealed that it intends to cement its leadership position by investing heavily in its sales and marketing. While this will weigh on its profit growth in the short term, management believes it is worth it for the long term gains. Morgan Stanley agrees. It currently has an overweight rating and $15.00 price target on its shares.

The post 3 excellent ASX shares for growth investors appeared first on The Motley Fool Australia.

Wondering where you should 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 could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

These are the 10 most shorted shares on the ASX

3 high quality ETFs for ASX investors

2 ASX shares that are growing rapidly

ELMO (ASX: ELO) share price has taken a beating, down 35% in 12 months
2 explosive ASX growth shares rated as buys

James Mickleboro does not own any shares mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Elmo Software and Temple & Webster Group Ltd. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF and Elmo Software. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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!