Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site.

2 great ASX shares I’d buy in July 2024

I think these two ASX shares have a lot of growth potential to deliver strong returns in the coming years.

I think these two ASX shares have a lot of growth potential to deliver strong returns in the coming years. I’d buy them in July.

Tuas Ltd (ASX: TUA)

Tuas is a fast-growing ASX telco share which operates in Singapore. The Asian island nation is not exactly a huge market, but it’s large enough for Tuas to become a good-sized business. I also think there’s potential for Tuas to expand to other Asian countries and expand its addressable market.

It’s reporting exactly what shareholders want to see – good subscriber growth and improving profit.

In the FY24 first half result, its active mobile subscribers jumped 35.7% year on year to 938,000. This led to a 38% rise in revenue to $54.7 million, which included an increase of the average revenue per user (ARPU) to $9.56 per month, up from $9.37 per month in FY23.

It also revealed an increase in the EBITDA margin from 36% last year to 41%. Tuas also said that the EBITDA soared 56% to $22.4 million.

What this says to me is that Tuas just need to keep growing subscriber numbers and it can deliver pleasing growth of revenue, EBITDA and, soon, net profit after tax (NPAT).

Tuas is also working on its broadband offering, which could lead to more subscribers and more revenue per subscriber for the ASX share.

VanEck Morningstar Wide Moat ETF (ASX: MOAT)

This exchange-traded fund (ETF) could be one of the leading ways to achieve diversification and returns.

It invests in various US shares that Morningstar analysts believe have strong competitive advantages that are expected to endure for at least a couple of decades.

But, the MOAT ETF only invests in these good companies when the analysts believe the share is at an appealing valuation compared to their estimate of fair value. In other words, it only invests in these good businesses at a good price.

Past performance is certainly not a guarantee of future performance with this ASX share. But, in the last five years it has delivered an average return per year of 16.2%.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

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, Jaz does not have a financial or commercial interest in any of the companies mentioned.
Skip to content