Are you wanting to make a few additions to your portfolio in September? If you are, I would suggest you consider one or two of the five ASX shares listed below.
I think all five could be great long term options for investors. Here's why I would buy them today:
a2 Milk Company Ltd (ASX: A2M)
While I have some short term concerns over a2 Milk Company's performance, I continue to believe that it would be a great ASX share to own for the long term. This is largely down to the increasing demand for its infant formula in China and its modest market share in the lucrative market. However, due to some potential short term headwinds, I would suggest investors buy half of a desired holding now and the other half when trading conditions return to normal.
Altium Limited (ASX: ALU)
I think Altium shares are a strong buy for long-term focused investors. It is an award-winning printed circuit board (PCB) design software provider. Over the last few years it has carved out a leading position in this growing market. I think this is a huge positive given the proliferation of electronic devices globally. This is likely to lead to increasing demand for its software over the next decade and underpin strong earnings growth.
Aristocrat Leisure Limited (ASX: ALL)
This gaming technology company's shares are down 26% since the start of the year due to the pandemic. However, with casinos now reopening and its Digital business performing very strongly, I believe now would be an opportune time to consider picking up shares. Once both sides of the business are pulling together, I expect Aristocrat Leisure's growth to accelerate.
Megaport Ltd (ASX: MP1)
Another option to consider is Megaport. It is an elasticity connectivity and network services company. Its service allows businesses to increase and decrease their available bandwidth in response to their own requirements. This is an increasingly popular alternative to being tied to a fixed service level on long-term and expensive contracts. Megaport has been delivering very strong recurring revenue growth in recent years. And given the cloud computing boom, I expect more of the same in the coming years.
REA Group Limited (ASX: REA)
A final share to consider buying is REA Group. It is the owner and operator of the realestate.com.au website and several international property listings websites. Although times are hard right now for the industry, I believe it would be a great buy and hold investment option. This is due to the quality and strength of its business model and its solid long term growth potential.
