As well as being home to quality blue-chip shares such as Ramsay Health Care Limited (ASX: RHC) and CSL Limited (ASX: CSL), I believe the Australian share market has a good number of small-cap stars for investors to choose from.
Three of my favourites at the moment are listed below. Here's why I think they could be worth snapping up today:
The Amaysim Australia Ltd (ASX: AYS) share price has rallied 14% in the last month thanks largely to the recent announcement that it plans to acquire online energy retailer Click Energy. Whilst the decision to move into energy retailing was a bit of a surprise, I do think management is capable of making it a success. Asides from energy retailing, I believe the company has a bright future disrupting the mobile telecommunication and home broadband markets.
The Capilano Honey Ltd (ASX: CZZ) share price has fallen by a third in the last 12 months. I think this puts the honey producer's shares at a great price for buy and hold investors. I'm very optimistic on the long-term growth potential of the company thanks largely to demand for its products from the China market. A key highlight from its recent half-year results was the almost doubling of sales into the massive Chinese consumer market. I expect the company to build on this in the second-half due in part to the launch of an e-commerce website and accompanying social media marketing campaign.
The National Veterinary Care Ltd (ASX: NVL) share price has rocketed 23% so far this year. Whilst I wouldn't class it as a bargain buy any more, I still think the fast-growing veterinary company would be a great long-term investment. According to the RSPCA, approximately 63% of Australian households own pets. With pet ownership in Australia expected to rise further, I feel it is inevitable that demand for veterinary services will increase. Furthermore, due to the market being highly fragmented, I believe National Veterinary Care has significant growth opportunities available to it through acquisitions.
