Run out of ideas for your next share purchase? Here are 3 ASX growth shares I’m liking at the moment.
Integrated Research Limited (ASX: IRI) is a leading software company that has a suite of products able to monitor and troubleshoot critical IT infrastructure, payments and communications systems. Around 95% of its revenue comes from overseas, reaching over 60 countries globally.
Its main customers are large organisations such as banks, credit card companies, stock exchanges and telecommunication carriers. The company’s suite of prognosis products can quickly identify the root-cause of problems, resulting in significant cost savings and the avoidance downtime and outages.
The IRI share price chart hasn’t looked fantastic over the last five or so months, but this isn’t a reflection of the underlying fundamentals, in my opinion.
Integrated Research has extremely sticky customers, consistent revenue and profit growth, and has a few structural tailwinds which I think should provide a further growth runway moving into the coming years.
For more reading, click here to read my recent article: Why I think Integrated Research shares are in the buy zone.
While ASX retail shares aren’t often looked too favourably upon, I see Accent Group Ltd (ASX: AX1) as a strong pick that could do quite well against its peers coming out of the COVID-19 period.
Accent Group is a footwear retailer with brands that include The Athletes Foot, Hype DC, Platypus, Vans, and DrMartens, to name just a handful.
I think footwear retailers have an advantage in the fact that people generally like to try on shoes in person rather than buying them online so that they can be properly tested for size and comfort.
I don’t think this is going to change despite the recent online adoption brought on from COVID-19. So while the company plans to build more stores, I think it’s probable that this will flow through to further revenue and earnings growth.
Aussie Broadband Ltd (ASX: ABB) is currently Australia’s fifth-biggest provider of NBN services with more than 300,000 residential and business customers across the country.
Aussie Broadband is a relatively new competitor in the NBN retailing industry. For this reason, I think it has an advantage over some of the bigger players that used to have such a large portion of the market share.
While the older players might struggle to win new customers, it’s much easier for a new entrant to try to offer a better service to capture market share.
The selling point of Aussie Broadband is its award-winning customer service. Without mentioning any names, customer service really does seem to be the number-one complaint you hear regarding other internet service providers. I think the negative reputation amongst competitors could last a long time, which could create a fairly sustainable competitive advantage for Aussie Broadband at least in the short to medium term.
For some more share ideas, check out this article: 3 ASX share ideas for your 2021 watchlist.