2 Growth Stocks That Might Be Perfect For You
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Are you a growth investor? Looking for the next big thing in the investment world that could bring you a 100x bagger? Imagine if you have bought companies like Amazon, Apple or Microsoft in the early days, these companies have seen their stock price soared about 100x over the past few decades. This means that an SGD10,000 investment would each be worth more than a million today. What are some of these 100-baggers possibilities today? Maybe, these are two of them.
Electronic Arts
The world of gaming is huge. It is estimated that there are 1.2 billion active gamers in the world today. And that figure is growing. Games are also moving into a multi-platform world. Instead of just our traditional console and PC games, games are now mostly played on mobile. There are games starting to be played on virtual reality and augmented reality.
One of the most successful and largest game companies throughout this transition has been Electronic Arts. EA is famous for some of its games such as The Sims, Battlefield, Need For Speed and all the EA Sports games. The company has been able to transition itself from a console-based gaming company to now, where more than 55% of its games are played through digital platforms.
The company also saw its earnings shot over USD1.0 billion this year. Definitively an interesting company to watch.
Shopify
Shopify should not be an unfamiliar name to many. It is a fast-growing e-commerce platform that allows sellers to the entire business process into the software. Shopify is now the preferred platform of choice for many small and medium online business.
Shopify basically allows you to start an online store with a click of a mouse. With a small monthly subscription fee, it gives you the software to create a website, listing page of your product and also a checkout shopping cart for customers to buy directly from you.
With the rise of e-commerce, the potential of Shopify seems far from over. This is one stock to watch for growth investors.
Want to know more about Value Investing In Asia? We have just launched our book “Value Investing In Asia; The Definitive Guide To Investing In Asia”, published by J.Wiley. Find out more about the book here.
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About The Author
Stanley Lim, CFA
Stanley Lim has spent the last decade in the investment industry. Over the course of his career, he has kick-started a few businesses, worked in the family office industry and most recently in the investment advisory industry. He has been a writer and analyst for The Motley Fool Singapore from 2013 to 2017. He has written close to 2000 articles online, on investment education and market analysis. He is the co-writer of the investment book: “Value Investing In Asia”, published in 2018. Stanley is currently the chief editor of Value Invest Asia.