If you want to get your portfolio ready for 2015, some of the best opportunities might be overseas where markets like the US and UK are expanding. Others are in industries such as healthcare where demand for services grows steadily regardless of the current economic conditions.
Here are three stocks with particularly interesting growth opportunities ahead of them in 2015 and beyond. They could be rewarding sources of returns for your portfolio over the next five years.
Premier Investments Limited (ASX: PMV), the fashion apparel retailer with brand names like Portmans, Jacqui-E, Just Jeans and Peter Alexander has a retailing hit growing on its hands called Smiggle. This stationery store catering to children's likes and fashion has about 200 stores in Australia and is doing well. The company has already started to grow the store chain in the UK and projects around 300 stores in five years. In FY 2014, Smiggle sales were up 17.4%. Smiggle also has a store presence in Singapore, with two new stores, so that could be another source of good revenue growth.
Another is the healthcare pathology and medical diagnostics company Sonic Healthcare Limited (ASX: SHL). Already the market leader in Australia, it is expanding in Europe and the UK. Also, Canadian state governments such as Alberta are considering privatising some of its public healthcare services. Sonic Health Care has entered a new agreement to provide pathology services in Edmonton, Alberta. This could spread to other Canadian cities and states if the program is successful. As a first mover, the company can establish itself as a leading healthcare provider there.
Lastly, the telco giant Telstra Corporation Ltd (ASX: TLS) has completed its NBN negotiations which will see the company receive as much as $90 billion over the next 30 years as it incrementally switches its phone copper line network over for the national broadband network rollout. In addition, it may also be involved in the design, development and maintenance of the NBN infrastructure since it has the most experience and technical knowledge for the job. The two income streams combined will help fund Telstra's expansion into Asia where it sees incredible growth prospects. This is a long-term play, so begin building a position now if you don't already hold it.
