Amcor Limited
Investors in Amcor Limited (ASX: AMC) could be forgiven for feeling somewhat disappointed with the company's earnings growth outlook. After all, it is expected to see its bottom line fall at an annualised rate of 7.6% over the next two years which, if met, would be a relatively disappointing result.
However, Amcor continues to offer upbeat long-term growth prospects, owing to its exposure to (and expansion within) faster growing markets across the globe. And, with Aussie interest rates on the slide, Amcor could be a major beneficiary of a weak Aussie dollar and this could provide its profit with a short term boost.
In addition, Amcor has an excellent longer term track record of growth, with its bottom line increasing by 16.5% per annum over the last five years. As such, it remains an appealing growth story and seems to be worth buying at the present time.
Crown Resorts Ltd
With Aussie interest rates being cut by 0.25% recently and being forecast to fall much further, dividends could become more in-demand in future months. Certainly, this means that higher yield stocks are the most obvious choice, but investors may also seek out companies that are set to increase shareholder payouts at a brisk pace, too.
One example is Crown Resorts Ltd (ASX: CWN), with the entertainment company expected to increase dividends per share at an annualised rate of 7.4% over the next two years. This means that its current yield of 2.7% could rise to 3.1% next year and move higher should the company's bottom line continue to benefit from an exposure to fast-growing markets and a loose monetary policy in Australia.
And, with Crown Resorts having a price to book (P/B) ratio of 2.6 (versus 2.7 for the consumer services sector), it still seems to offer reasonable value for money at the present time and could be worth buying.
Oil Search Limited
Over the last ten years, Oil Search Limited (ASX: OSH) has been able to increase its profitability at an annualised rate of just 0.6%. Clearly, that's disappointing but, looking ahead, things could be about to move in the right direction for the resources play.
That's because its bottom line is forecast to rise at an annualised rate of 58.5% over the next two years as it receives payments from the Papua New Guinea liquefied natural gas (LNG) project, the first of which was announced recently. This project is set to transform the company's earnings profile and, despite this, Oil Search still trades on a relatively low price to earnings (P/E) ratio of just 19.3.
When its stunning growth potential is taken into account, that rating seems unjustifiably low, which means that shares in Oil Search could be worth owning right now.
