Today, I'm going to discuss 3 ASX shares that I'm absolutely desperate to add to my portfolio in 2020.
I'm not the kind of investor who buys a share just because I like (or love) the company. For me, the price also has to make sense, and preferably offer some kind of margin of safety as well.
So here are the 3 ASX shares that I'm desperate to own by the end of this year, but for which the stars have not yet aligned.
An ASX blue chip staple
Brickworks Limited (ASX: BKW) is a solid ASX blue chip that is primarily in the business of making building materials (yes, including bricks). It's been around since 1934 and has managed to survive everything thrown at it since – including the Great Depression, World War II and the global financial crisis. Building materials are a cyclical game to be in, but Brickworks tempers this by also leasing out tracts of land it owns for rent. This gives the company a stable and reliable source of income on the side, which helps buttress its finances when things get tough. As such, I would love to own this company for a long-term, buy-and-hold investment in 2020.
An ASX healthcare giant
CSL Limited (ASX: CSL) is another ASX share I would love to see join my portfolio in 2020. It's that rare combination of an ASX blue chip as well as a growth company, which I find highly desirous to have in a portfolio. Due to its world-class R&D programs, I think CSL will continue to be in the vanguard of the blood and plasma medicine space for the foreseeable future. I also feel confident the Aussie giant will continue to reward its shareholders with strong capital growth as well as growing dividends. As such, CSL is on the top of my 2020 wishlist.
A defensive ASX growth share
How can a company be defensive and a growth share? Well, Cleanaway Waste Management Ltd (ASX: CWY) answers that question, with a highly successful growth strategy to expand in the defensive waste collections/management business. Waste is something we all produce, through thick and thin, in good times and bad times. I don't see this changing anytime soon either – such is human nature.
Cleanaway has been a high growth share for a while – rising from 75 cents per share in 2015 to $2.12 today. Due to waste being an evergreen and growing industry (from population increases if nothing else), I think Cleanaway is a great, long-term buy. I would love to see an entry point in the Cleanaway share price this year that matches the lows we saw in March. I might have to wait a while, but here's to holding out hope!
