These growth shares are worth watching closely…
The post 3 quality ASX growth shares for August appeared first on The Motley Fool Australia. –
If you’re looking for some growth shares to add to your portfolio, then you might want to look at the ones below.
Here’s what you need to know about these highly rated ASX growth shares:
BetaShares Asia Technology Tigers ETF (ASX: ASIA)
The first growth share to look at is actually an ETF that gives investors access to a group of highly promising growth shares in the Asian market. The BetaShares Asia Technology Tigers ETF gives investors exposure to 50 excellent 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, and Tencent. A sharp pullback in recent months could have brought its units down to attractive levels for long term and patient focused investors.
Temple & Webster Group Ltd (ASX: TPW)
Another ASX growth share to look at is this online furniture and homewares retailer. It has been growing at a very strong rate in recent years thanks to the shift to online shopping. For example, in FY 2021, the company posted an 85% increase in revenue to $326.3 million and a 141% jump in EBITDA to $20.5 million. The good news is that online furniture shopping is still in its infancy compared to other retail categories, this leaves Temple & Webster well-positioned for growth over the next decade as online penetration rates increase. Especially given its plans to cement its leadership position by investing heavily in its sales and marketing.
Whispir Limited (ASX: WSP)
A final ASX growth share to look at is Whispir. It is a software as a service (SaaS) communications workflow platform provider. Its popular platform is used by over 800 businesses globally to automate interactions between them, their people, and their customers. Despite a resurgence of COVID-19 delaying some new customer activations, the company expects to report strong growth in FY 2021. It is expecting to deliver revenue of ~$47.7 million, which is a 22% increase over the prior corresponding period. This is still only a fraction of its over market opportunity.
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
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Temple & Webster Group Ltd and Whispir Ltd. The Motley Fool Australia owns shares of and has recommended BetaShares Asia Technology Tigers ETF. The Motley Fool Australia has recommended Temple & Webster Group Ltd and Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.