If I were given $3,000 to invest into three ASX shares then I know which ones I’d pick.
Businesses or investments with growth potential and profitable futures are the ones I’d want to go for.
That’s why I like the look of these three:
Cettire Ltd (ASX: CTT)
Cettire seems to be like a high-growth e-commerce business that is rapidly expanding.
It’s a global online retailer that offers a large selection of personal luxury goods through its website. Cettire offers over 160,000 products from 1,300 brands.
In the third quarter of FY21, it saw sales revenue growth of 331%. That came about after a 325% increase in unique website site visits and an improvement in the conversion rate.
It would be unwise to expect that level of growth to continue forever, but compounding revenue growth could lead to good profit growth over time.
I certainly think it’s one ASX share to watch.
VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)
This is an exchange-traded fund (ETF) that gives exposure to businesses operating in a very compelling sector of video gaming and e-sports that seem to be enjoying consistent growth. It’s not cyclical.
There are a total of 25 holdings in this portfolio, with some very recognisable names like Nvidia, Tencent, Nintendo, Activision Blizzard and Electronic Arts.
I think gaming can continue to grow revenue as a sector for many more years, if not decades. Gaming has been growing in popularity for decades and now there’s a global audience with new revenue streams.
As a group, I think these investments are very interesting and could see profits continue to rise over time.
Brickworks Limited (ASX: BKW)
Brickworks is a diversified property ASX share. I do like the story of a recovery play for the Australian and American construction sector, which is where its building products segments are operating. It’s the market leader in bricks in Australia and the north east of the US.
What particularly attracts me to Brickworks right now is the development potential of the industrial property trust that it owns half of, alongside Goodman Group (ASX: GMG). That property trust is working on two huge warehouses – one for Amazon and one for Coles Group Ltd (ASX: COL).
There is plenty of more growth potential because there’s still plenty of empty land that can be used for future projects that can lead to rising rental profit and hopefully a valuation increase for the trust.
Over the long-term, Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) continues to deliver growing dividends and profit growth for shareholders, including Brickworks which owns approximately 40% of WHSP.
