Ann: Quarterly Report - March 2018, page-125

Top ASX Growth Stocks To Buy

April 23, 2018

Investors tend to look for stocks that have a strong future outlook. Why invest in something that will grow slower than the rest of the market? In terms of profitability and returns, stocks such as Galaxy Resources and CV Check are expected to outperform its peers in the future. Below I’ve put together a list of great potential investments for you to consider adding to your portfolio if growth is a dimension you would like to firm up.

Galaxy Resources Limited (ASX:GXY)

GXY’s projected future profit growth is a robust 32.20%, with an equally impressive underlying growth from its revenues expected over the upcoming years. Profit growth, coupled with top-line expansion, is a positive indication. This is because net income isn’t artificially inflated by unsustainable activities such as one-off cost-reductions expected in the future. This prospective profitability should trickle down to shareholders, with analysts expecting the company to generate a positive return on equity of 6.29%. GXY’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. Could this stock be your next pick?

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