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3 ASX growth shares to watch in 2022

With 2021 coming to a close, here are 3 ASX growth shares I'll be keeping a close eye on in 2022. 
Picture of Lachlan Buur-Jensen

Lachlan Buur-Jensen

Lachlan is a Bachelor of Commerce graduate with majors in Accounting and Finance from Monash University. He invests in companies with intense customer love, strongly aligned management teams and structural tailwinds. Lachlan is a big proponent of the eighth wonder of the world – compound returns, and its power in helping individuals reach financial freedom. Outside of investing, Lachlan enjoys supporting his AFL team – Essendon. Albeit, this can be frustrating at the best of times.
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With 2021 coming to a close, here are 3 ASX growth shares I’ll be keeping a close eye on in 2022.

1. EML Payments Ltd (ASX: EML)

It was a year to forget for embattled payments provider EML, with its share price falling 45% in one day after the Central Bank of Ireland (CBI) initiated an investigation into the company.

Source: Rask Media EML 1-year share price
Source: Rask Media EML 1-year share price

The CBI issue plagued the business for the remainder of the year, weighing on the share price and investor sentiment.

Fortunately, the business finished the year with positive momentum after announcing better than expected actions by the CBI, with the remediation to wrap up in March.

Will 2022 be the year EML finds its feet and puts the CBI investigation behind it?

If it can, the underlying growth in the business should shine through and lead to a potential rerating of the share price.

2. Zip Co Ltd (ASX: Z1P)

2022 could potentially be the most important year in Zip’s short history.

The share price fell 25% over 2021, with sentiment retracing on the buy-now-pay-later (BNPL) sector as competition intensified and meaningful profitability still some time away.

With Afterpay set to be swallowed up by Block Inc (NYSE: SQ) – formerly Square, Zip will take the mantel as the market leader in the space.

Afterpay (ASX:APT) shareholders give the green light for Block takeover

Will the business continue with its global rollout strategy? Or will it follow Afterpay’s path of joining with an existing payments disruptor?

Regardless, 2022 will be a formative year for the company and its shareholders.

3. Temple & Webster Group Ltd (ASX: TPW)

It’s not just online furniture retailer Temple & Webster that will be watched closely in 2022, but the remainder of the pure online plays such as Adore Beauty Group Ltd (ASX: ABY) and Kogan.com Ltd (ASX: KGN).

The bull and bear case for the Kogan (ASX:KGN) share price

How much of demand was temporary? And how much was a structural shift to online?

Even the incumbent retailers such as JB Hi-Fi Limited (ASX: JBH) had online sales rocket over the past 18 months due to pandemic induced shopping centre closures.

But with the world slowly but surely moving towards more normalised shopping habits in 2022, time will tell if this was a fad or permanent shift to online.

If you enjoyed these share ideas, consider signing up for a free Rask account and accessing our full stock reports.

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Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

At the time of publishing, Lachlan owns shares in EML Payments and Temple & Webster.

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