Want to know which stocks will give you the best growth asx 2021? Which are the best stocks to buy asx 2021? We all know that there are many different kinds of investments, but during these volatile times it has also meant trying to make sure our money is safe. Many choose bank accounts for this reason, but I think we all know investments are still important no matter how secure our money might be in the bank.
Okay, so 2021 is quite a long way off and it would be great to learn about the best shares to invest in 2021 asx today. But hey, we all know time travel hasn’t yet been invented so we’ll just have to make do learning about the best stocks asx for this year — and then we can plan out our investments for 2021.
Ramsay Health Care (ASX:RHC)
Ramsay Health Care (ASX:RHC) is one of the world’s largest private hospital chains.
The company has been of interest to the markets due to the spike in the number of hospital patients resulting from the pandemic.
Its recently released full-year FY21 results impressed with record performance, despite lost revenue from elective surgeries, which have higher margins than COVID-related services.
Data from the company shows significant pent-up demand existing for elective surgical and non-surgical patients due to lockdowns, the focusing of resources on COVID, and general public aversion of hospitals.
Medical Developments (ASX: MVP)
Industry: Pharmaceuticals
The company’s premium product is the ‘green whistle’ or Penthrox, which is an analgesic widely used by Australian medical professionals from GPs to dentists since the 1970s as a safe alternative to morphine to reduce pain. The drug has been gaining approvals in the UK/European markets. The company is also in the process of preparing to file applications in the US market. There is a respiratory division, which produces an inhaler device called a “Spacer” for asthmatics.
MVP has offered great trading opportunities over the past few years as investors wait for sales growth to catch up with the valuation.
Market Cap: $418M
Dividend Yield: 0%
12 month high: $2.46
Share Price @ 03/08/2021: $4.09
IGO Limited (IGO.AU)
IGO Limited operates as an exploration and mining company that engages in discovering, developing, and operating assets focused on metals to enable clean energy in Australia. It owns and operates a 100% interest in the Nova nickel-copper-cobalt operation located in the Great Western Woodlands, northeast of Norseman.
- Market cap: A$7.232 billion
- YTD performance: 28.02%
- 1 Year performance: 98.67%
- 5 Year performance: 178.24%
- P/E Ratio: 11.8634
- Headquarters: Australia
Breville (BRG)
Despite being responsible for producing and manufacturing a range of functional (and beautiful) kitchen appliances, an enterprise which on the face of it seems relatively pedestrian, Breville has notched up significant growth in the last year. This comes as people spend increasing amounts of time in their homes as a result of the covid pandemic. Mind you, this growth hasn’t been without problems, with the company experiencing costs increases as a result of logistic bottlenecks.
For the full-year (FY21), Breville reported the following:
- Revenue of $1,187 million, up 24.7%
- Earnings (EBITDA) of $163 million, up 36.0%
- Profits (NPAT) of $91.0 million, up 42.3%
- Dividends per share of 26.5 cents per share, franked at 100%
Pilbara Minerals (ASX:PLS)
Pilbara Minerals Ltd (ASX:PLS) is one of Australia’s biggest listed pure-play lithium mining players.
The company has lately been in the limelight due to the solid rally in its stock and its recent acquisition of Altura Mining for $175M.
The deal is a good fit for Pilbara Minerals because Altura’s Pilgangoora mine is adjacently located, making the acquisition easy to integrate and generate economies of scale.
Pilbara Minerals was also recently inducted into the ASX200, Australia’s flagship index.
The company’s stock has been having a great run being front-and-centre of the decarbonization megatrend, a thematic investor favourite.
Catapult Group (ASX: CAT)
Industry: Technology
Catapult is a sports analytics specialist that produces monitoring devices, video analytics technology and software for elite (professional) and prosumer (amateur and semi-professional) athletes. Its products are used by almost 3,000 sports teams, in 39 sports across the globe, including AFL, NRL, NFL, NBA and the English Premier League.
This unique sports technology has a strong global market place and increasing scale. Its business is recovering from the hit to sales from Covid, but its penetration remains a tenth of its aspiration. Read more
Market Cap: $411 million
Dividend Yield: 0%
12 month high: $2.46
Share Price @ 03/08/2021: $1.72
Australian Foundation Investment Company Limited (AFI.AU)
Australian Foundation Investment Company Limited is a publicly owned investment manager. The firm invests in the public equity markets of Australia and New Zealand.
- Market cap: A$10.029 billion
- YTD performance: 7.67%
- 1 Year performance: 21.08%
- 5 Year performance: 59.64%
- P/E Ratio: 42.3834
- Headquarters: Australia
Airtasker (ART)
Airtasker burst onto the ASX in March, 2021, with bold ambitions. The company, which in essence connects people who want tasks completed with those willing to complete said task, estimated its Australian TAM (total addressable market) for local services is $52.3 billion. Across Airtasker’s other key regions of interest, which include: Ireland, New Zealand, Singapore, the UK and the US, the TAM for local services stands at a significant $591 billion. Despite those lofty growth possibilities, the market remains decisively sceptical, with the stock down about significantly since March, 2021.
Despite that, Airtasker posted strong growth as part of its most recent full-year results, reporting:
- Full-year (FY21) revenue of $26.6 million, up 38%
- Gross market place volumes of $153.1 million, up 35%
- Operating cash flow of $5.5 million
- Cash on hand of $45.9 million
Magnis Energy Technologies (ASX:MNS)
Magnis Energy Technologies (ASX:MNS) is an Australian company involved in the development of cheap and nearly 100% recyclable batteries that address the global decarbonization megatrend.
Magnis Energy Technologies is developing its product through strategic partnerships to garner expertise in various segments of the battery value chain.
Its proprietary battery is claimed to outperform current technologies while being cheaper and environmentally friendlier.
The company also has great verticals, with an investment in a high-quality long-life mine.
Tassal (ASX: TGR)
Industry: Foods
Tassal is Australia’s largest producer of salmon, which is in demand from big supermarkets because of its protein-rich qualities. It’s also a business that is heavily protected in Australia from cheap imports because of a gill disease found in salmon. In October 2015 it purchased the De Costi seafood distribution business for $50m plus earnouts, and in 2018 paid just over $30m for a large prawn farming operation, Fortune Group.
The company looks good value, with strong earnings, and it pays a dividend of 4%, that could climb to 5% in FY22.
Market Cap: $814 million
Dividend Yield: 3.6%
12 month high: $4.13
Share Price @ 22/04/2021: $3.84
Iluka Resources Limited (ILU.AU)
Iluka Resources Limited engages in the exploration, project development, mining, processing, marketing, and rehabilitation of mineral sands. The company operates through Jacinth-Ambrosia/Mid West, Cataby/South West, Sierra Rutile, and United States/Murray Basin segments.
- Market cap: A$3.991 billion
- YTD performance: 31.46%
- 1 Year performance: 73.01%
- 5 Year performance: 156.57%
- P/E Ratio: 1.6588
- Headquarters: Australia
Class (CL1)
Class Limited is centrally a technology company, with a focus on the wealth accounting industry. Ultimately, Class develops cloud-focused software solutions – with a primary focus on SMSFs and wealth accounting. Currently, the company is in the midst of a multi-year reimagination strategy, which has already seen a rapid uptick in growth and scalability. Despite that, the stock has struggled in FY21, trading 5.33% lower since January, last trading at $1.87 per share. Even so, as part of its most recent results report Class reported impressive growth, revealing the following figures:
- Operating revenue and other income of $54.9 million, up 25%
- Underlying earnings (EBITDA) of $21.9 million, up 15%
- EBITDA margins of 40%
- Class customers grew 123% in 2021
PointsBet Holdings (ASX:PBH)
PointsBet Holdings (ASX:PBH) is an online gaming operator whose business spans Australia and the Americas.
The pandemic spurred betting across the globe, but in the US, legal gambling has taken off and is in the midst of a historic expansion in activity.
The virus has sparked an unprecedented spike in online gambling and sports betting, in all their avatars, because casinos shut down and people were locked down inside their homes.
Conclusion:
When trying to find best shares to invest in, you need to consider the overall growth of the share. It’s enough for a share to be cheap if it doesn’t grow much in later months. This means that trading on a share price must be done at your own risk. Powerful features for binary option trading! Get them now!