I think Class Ltd (ASX: CL1) shares, Hansen Technologies Limited (ASX: HSN) shares, Nanosonics Ltd (ASX: NAN) shares, Praemium Ltd (ASX: PPS) shares, CSL Limited (ASX: CSL) shares and NIB Holdings Limited (ASX: NHF) shares could be winners.
Class Ltd
Class is a $350 million software business specialising in the finance industry. Its leading product is Class Super, a cloud-based software product for financial advisors and accountants to administer self-managed superannuation funds (SMSFs).
Hansen Technologies
Hansen is another software business. It creates billing software which is used by call centres in the telecommunications and energy sectors, amongst others. This kind of technology is embedded in company systems, making it difficult for them to stop using it — which is good for Hansen.
Nanosonics
Thanks to strong growth, Nanosonics has become a $700 million company very rapidly. It sells a system called Trophon which is used to disinfect ultrasound probes. Being efficient and convenient has enabled Trophon to make its way into more leading hospitals.
Praemium
Praemium is a tiny $150 million (read: higher risk) company which is also in the technology industry. It has developed a platform which is being used as a superior way to invest in leading portfolios. I covered Praemium and Class in more detail here.
CSL Limited
From the tiny to the mighty CSL Limited, a $55 billion global biopharmaceutical company. CSL has experienced extraordinary growth over the past two decades, with its lifesaving immunotherapies helping thousands of people around the world. Although it is already Australia's largest healthcare business, it could have further to go yet.
NIB Holdings
NIB is the health insurer with growing operations in Australia and New Zealand. Health insurance is something that is being pushed by governments across the world, but is also being demanded by a wealthier population. Moreover, the industry stands to benefit from an older population.
Foolish Takeaway
At today's prices, every investor looking for long-term growth on the ASX should have these shares on their watchlists. While some are higher risk than others I think there is a good spread of companies on this list.
