2 ASX shares I'd buy in a heartbeat

There are at least 2 ASX shares I'd buy in a heartbeat right now, including electronic donation business Pushpay Holdings Ltd (ASX:PPH).

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

ASX shares continue to rise with investor confidence seemingly growing every week.

Australia is getting close to the point of no new COVID-19 cases across the nation. Some ASX shares are soaring in reaction to how much better the outlook seems.

But there are still many places in the world where the number of infections is still rising.

With the current state of play domestically and abroad in mind, here are two ASX shares that I'd buy in a heartbeat:

Pushpay Holdings Ltd (ASX: PPH)

Pushpay is one of the businesses that is seeing an acceleration of growth due to the unfortunate circumstances. It's an electronic donation business that enables people to digitally give to not-for-profit organisations.

A key part of US churches is the congregations. COVID-19 and social distancing makes church gatherings more difficult at the moment. That also means that getting cash donations can become problematic for those churches.

Pushpay's system is perfect for this environment. The ASX share's technology also allows churches to livestream to their congregations.

The large and medium church sector is a $1 billion revenue opportunity according to Pushpay's management.

The ASX share is aiming to approximately double its earnings before interest, tax, depreciation, amortisation and foreign currency (EBITDAF) in FY21. Pushpay's profit margins could keep rising as it gets bigger over time.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

There are few ASX shares that have stood the test of time like Soul Patts. It has been operating since the early 1900s. So it has already survived through the Spanish Flu, two world wars, the recessions and so on.

Soul Patts is invested in businesses that should be able to remain robust this year. Some large positions include TPG Telecom Ltd (ASX: TPM), Brickworks Limited (ASX: BKW) and Clover Corporation Limited (ASX: CLV).

The ASX share conglomerate continues to invest in new opportunities. It is reportedly about to start investing in regional data centres.

I think Soul Patts is one of those shares that you could invest in and potentially hold forever. Its ability to change its investments and invest in anything is very attractive.

A very nice bonus with this ASX share is that it has grown its dividend every year since 2000.

Foolish takeaway

I'd buy both of these ASX shares for the long-term in a heartbeat. Pushpay has a lot of exciting growth potential over the coming years. But Soul Patts could be a solid idea for long-term steady growth.

Tristan Harrison owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of PUSHPAY FPO NZX. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has recommended PUSHPAY FPO NZX. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

A young bank customer wearing a yellow jumper smiles as she checks her bank balance on her phone.
Growth Shares

The ASX 200 stock with 'compelling growth opportunities', and a new ticker code!

Fund managers are saying good things about this tech company.

Read more »

A female ASX investor looks through a magnifying glass that enlarges her eye and holds her hand to her face with her mouth open as if looking at something of great interest or surprise.
Growth Shares

2 ASX growth shares Aussie investors should watch in 2025

Analysts have good things to say about these growth shares.

Read more »

A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.
Growth Shares

5 Australian stocks to hold for the next decade

Analysts have buy ratings on these shares. Here's why they could be top buy and hold picks.

Read more »

a man looks down at his phone with a look of happy surprise on his face as though he is thrilled with good news.
Growth Shares

Top ASX shares to buy right now with $2,000

Analysts think these shares would be good options for an investment this month.

Read more »

Growth Shares

3 exciting ASX 200 growth shares to buy and hold for a decade

These growth shares have been given buy ratings by analysts.

Read more »

View of a business man's hand passing a $100 note to another with a bank in the background.
Growth Shares

Invest $10,000 into these ASX 200 shares in January

Market-beating returns could be on offer from these shares this year according to analysts.

Read more »

A happy young girls lies in the grass with her father, smiling at the prospects of a bright future.
Growth Shares

I think these 2 ASX shares are ideal for growth investors

Technology is an exciting sector to find opportunities.

Read more »

A young boy sits on his father's shoulders as they flex their muscles at sunrise on a beach
Growth Shares

2 ASX 300 shares I'm very excited about for 2025

2025 could be a good year for these stocks.

Read more »