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Companies that have significant growth prospects for profitability and returns can add tangible upside to your portfolio. Triton Minerals and iCar Asia are examples of many potential outperformers that analysts are bullish on. Investment in growth companies can benefit your current holdings, whether it be in established tech giants or undiscovered micro-caps. Here, I’ve put together a few companies the market is particularly optimistic towards.
Triton Minerals Limited (ASX:TON)
Triton Minerals Limited engages in the exploration and pre-development for graphite in Mozambique. The company was established in 2006 and with the company’s market capitalisation at AUD A$61.59M, we can put it in the small-cap stocks category.
Extreme optimism for TON, as market analysts projected an outstanding earnings growth, which is expected to more than double, supported by an equally strong sales. 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. TON’s impressive outlook on all aspects makes it a worthy company to spend more time to understand. A potential addition to your portfolio? Check out its fundamental factors here.
iCar Asia Limited (ASX:ICQ)
iCar Asia Limited develops and operates Internet-based automotive portals in the South East Asia. Established in 2012, and currently headed by CEO Hamish Stone, the company provides employment to 390 people and with the company’s market cap sitting at AUD A$102.00M, it falls under the small-cap group.
ICQ’s projected future profit growth is an exceptional 61.36%, with an underlying triple-digit growth from its revenues expected over the upcoming years. An affirming signal is when net income increase is supported by top-line growth. Since net income isn’t artificially inflated by one-off initiatives such as cost-cutting, we know this profit growth is more likely to be sustainable. Furthermore, the 68.64% growth in operating cash flows indicates that a large portion of this earnings increase is high-quality, day-to-day cash generated by the business, rather than one-offs. ICQ’s bullish prospects on both the top and bottom lines make it an interesting stock to invest more time to understand how it can add value to your portfolio. Should you add ICQ to your portfolio? Check out its fundamental factors here.
Pantoro Limited (ASX:PNR)
Pantoro Limited engages in the exploration of mineral properties. Pantoro is currently led by CEO Paul Cmrlec. With the company’s market capitalisation at AUD A$243.37M, we can put it in the small-cap group