Tristan Harrison | June 29, 2020 9:32am | More on: BUBBWXCCX
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Investing in the best ASX growth shares at the right price can create some great returns if you choose well.
Not many businesses are destined to be top performers over the long-term. I think it’s quite tough to identify those businesses which will go on to become Australia’s next mid-caps. Or even large caps eventually.
I think these are some of the best ASX growth shares to invest in for the next 12 months and beyond: Bubs Australia Ltd (ASX: BUB)
Bubs is one of the most exciting consumer ASX growth shares in my opinion. It sells a range of goat milk products. The infant formula business is growing impressive. In the quarter to 31 March 2020, infant formula revenue rose 137% compared to the prior corresponding period and represented 58% of that quarter’s gross sales. I think that was a very impressive result.
Chinese revenue is similarly growing at a fast pace, rising 104% in the last quarter. But ‘other market’ revenue rose almost 20 times compared to the prior corresponding period and represented 12% of gross sales in the quarter. There was significant growth in Vietnam. There is more to Asia than just China.
Bubs is distributed across a variety of retailers in Australia like Coles Group Limited (ASX: COL), Woolworths Group Ltd (ASX: WOW), Amazon, Chemist Warehouse and Baby Bunting Group Ltd (ASX: BBN). I think Bubs is doing a good job of raising its brand profile.
I think the international expansion aspect makes this a very exciting ASX growth share.
BUB Price at posting:
93.5¢ Sentiment: Buy Disclosure: Held
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