I think the Australian share market is home to a number of quality blue chip shares that investors ought to consider today.
But with so much choice it can be hard to decide which ones to buy. To narrow things down I have picked out three of my favourites.
They are as follows:
Aristocrat Leisure Limited (ASX: ALL)
Due to the enormous potential of its digital segment, I think Aristocrat Leisure would be a great buy and hold investment. This segment has been producing high levels of recurring revenues thanks to the perfect mix of increasing daily active users and average revenue per user. Pleasingly, I expect more of the same in FY 2018 thanks to a couple of major acquisitions. This will add a number of popular mobile and social games to its portfolio.
BHP Billiton Limited (ASX: BHP)
I think that this mining giant's share price is trading at a very attractive level following its post-earnings decline. Thanks to the strength of the global economy and favourable commodity prices, I believe BHP Billiton can outperform the market for the next two to three years. This could make the mining giant a great addition to a balanced portfolio, especially with its generous fully franked dividend. At present BHP Billiton's shares provide a trailing 4% yield, but I believe this could grow significantly in FY 2018.
CSL Limited (ASX: CSL)
Earlier this month CSL once again delivered a half-year result ahead of the market's lofty expectations, leading its shares to race to yet another record-high. Despite the strong gains its shares have made over the last 12 months, I don't believe it is too late to snap them up. This is because I believe CSL is one of the highest quality businesses in Australia and capable of continuing its impressive growth in earnings for a long time to come thanks to its highly profitable core business and its fast-growing Seqirus influenza business.
