Fortunately for Australian investors the local share market is not short of quality when it comes to growth shares.
Three of my favourites are listed below. Here's why I think investors ought to consider them in 2018:
a2 Milk Company Ltd (Australia) (ASX: A2M)
This infant formula and dairy company has been experiencing insatiable demand for its infant formula products in China this year. Despite the strong growth it has exhibited, it is worth noting that its market share in China is still only very small. I believe that new regulations and the growing popularity of its products will lead to strong market share gains and bumper profit growth over the next few years.
Altium Limited (ASX: ALU)
Global tech giant Cisco has estimated that there will be approximately 500 billion devices and objects connected to the internet by 2030 thanks to the growth of the Internet of Things market. Almost all of these devices will have a printed circuit board (PCB) inside it, which should mean that Altium's PCB design software will experience strong growth in user numbers over the next couple of decades.
BWX Ltd (ASX: BWX)
Thanks to its increasingly popular Sukin skincare range and its international expansion, I believe BWX could be a great buy and hold investment option. Although its shares are a little expensive at the moment following its strong run, I believe its growth in FY 2018 will justify the premium. Due to the continued success of the Sukin brand and a number of earnings accretive acquisitions, I expect EBITDA growth to be in and around the 50% mark in FY 2018.
