ASX Growth Shares
2 ASX growth shares I’d buy to aim for big returns
ASX growth shares can make really big returns if things go well. Companies that are growing revenue and seeing rising margins are exciting.
July 8, 2023
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
ASX growth shares can make really big returns if things go well. Companies that are growing revenue and seeing rising margins are exciting.
The Aeris Resources Ltd (ASX:AIS) share price fell 16% after giving a market update which included a profit warning.
The Fortescue Metals Group Ltd (ASX:FMG) share price has managed to stay above $20 for most of 2023. Could it be a buy for FY24?
The Magellan Financial Group Ltd (ASX: MFG) share price is down 7% after the fund manager revealed another poor monthly flow update for June.
Macquarie Group Ltd (ASX:MQG) shares have done, it’s up 40% in three years. But, banking competition is now hurting growth.
Johns Lyng Group Ltd (ASX:JLG) shares are currently in a trading halt as it raises money to make two acquisitions.
After receiving an attractive takeover offer, the Costa Group Holdings Ltd (ASX:CGC) share price has jumped 11%.
The Volpara Health Technologies Ltd (ASX:VHT) share price has gone up after the ASX healthcare share revealed a solid business update.
I think that some ASX shares are going to be able to outperform the ASX 200 (ASX: XJO) in FY24 and the longer-term.
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