A handful of ASX shares have performed really strongly over the last 12 months. Some have actually at least doubled their share price.
Granted, part of that amazing performance may be down to how much they fell during the COVID-19 crash around a year ago. But if that’s the case then it shows the amazing opportunities that can be found during market panic.
I doubt the next 12 months will be as good, but these ASX shares have done very well:
Temple & Webster Group Ltd (ASX: TPW)
Home furnishings e-commerce business Temple & Webster has done very well – the share price has gone up about 470%.
This ASX share has tapped into the huge increase of online shopping demand by Aussie customers. FY21 half year revenue jumped 118% to $161.6 million with customers rising 102% to 678,000.
Temple & Webster is looking to continue to roll out more products that will attract more customers.
In the second half to 23 February 2021, year on year revenue growth had been 118%.
Lynas Rare Earths Ltd (ASX: LYC)
Rare earth miner Lynas has seen its share price rocket around 465% over the last 12 months.
The business has seen itself become a very important factor in the world now. China is responsible for a large amount of the rare earth global industry, so the US is keen to utilise rare earths from other countries – such as Australia.
Rare earths are used in lots of different important areas such as smartphones and military hardware.
It’s planning to build rare earth separation facilities in the US, which is wanted by the US Department of Defense.
FY21 half-year profit jumped more than 10x to $40.6 million.
Corporate Travel Management Ltd (ASX: CTD)
Corporate Travel Management has seen its share price rise by 374% over the last year. It has recovered a lot since the COVID-19 crash.
It is positioned strongly for a recovery in Europe and North America. The ASX share said it can return to profitability just on domestic travel.
HY21 revenue was ahead of expectations despite the worsening COVID-19 situation. December had the highest revenue of the half despite being seasonally the quietest month for corporate travel.
It also made a smart acquisition called Travel and Transport in the US which gives it more exposure to the US.
It’ll be interesting to see what the best performers are over the next year. I’m thinking it could be the best ASX growth shares which are still valued at reasonable prices.
