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I believe that there is now a large number of quality growth campaigns from which to choose the Australian stock market.
Three, which I think would be a great opportunity for investors, are listed below. Here's why they might be worth considering in January:
A2 Milk Company Ltd. (ASX: A2M)
One of my favorite growth stocks in the Australian stock market should be a2 Milk Company. It continues to move from strength to strength, largely due to unsatisfactory demand for its products in China. Sales of its infant formula products on the mass market helped its net profit after tax in the first four months of 2019 FY 64.5% higher than NZ $ 86 million. Although it is expected that its growth will decline in the second half, I am still convinced that the result of this year will be another side-effect.
Altium Limited (ASX: ALU)
Another of my favorite growth campaigns is the supplier of this award winning printed circuit board (PCB) design software. Partly due to the boom in the Internet of Things, I believe that the demand for its innovative and industry-leading PCB software will grow rapidly over the next ten years. I hope that this will allow Altium to take an excellent position to generate a significant increase in sales and even higher profit margins. In addition, its core business will be based on its new Octopart business, which has an important market to deal with.
Helloworld Travel Ltd (ASX: HLO)
I think an integrated travel company could be a great choice for growth investors. I believe Helloworld is in a good position to benefit from the boom in incoming and outgoing tourism that Australia is experiencing. The boom has created a strong demand for its supply over the last couple of years, resulting in a gold gain. Gladly, it looks like it will continue in the 2019 FY, making sure that it will reach 16.5% and 23% in the 2019 profit growth.
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Our highest dividend stock selection for 2019 is now proud of the 5.4% dividend yield (fully redeemed). I believe it is ideal for a diverse, income-oriented portfolio.
Better yet, this profitability is tied to an attractive and growing company that could continue to expand throughout Australia and New Zealand in the coming years. With disciplined leadership and long-standing experience in building prosperity for shareholders, this company is a serious candidate for investors thinking about income.
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Motley Fool's investor, James Micklebor, has no position in any of these stocks. Motley Fool Australia holds shares in A2 Milk, Altium and Helloworld Limited. We, Fools, may not have the same opinions, but we all believe that, given the different insights, we can better investors. Motley Fool is an information disclosure policy. This article only provides general investment advice (according to AFSL 400691). Authored by Scott Phillips.
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