If you’re looking to take advantage of compounding with buy and hold investments, then I think the three ASX 200 shares listed below are worth considering.
I believe all three shares are well-placed to grow their earnings at a solid rate over the next decade. This could ultimately lead to their shares providing investors with very strong returns over the period.
Here’s why I like these ASX 200 shares:
Cochlear Limited (ASX: COH)
I think that Cochlear would be a great option for investors. I continue to believe the hearing solutions company is among the best buy and hold options on the local share market. This is thanks to it being perfectly positioned for strong long term growth thanks to the ageing populations tailwind. By 2050 there are forecast to be 1.5 billion people over the aged of 65. This will be almost triple the number of over 65s in 2010. I expect this to underpin a sustained increase in demand for its cochlear implantable devices over the next few decades.
Collins Foods Ltd (ASX: CKF)
Another option to consider buying Collins Foods. It is one of the region’s largest quick service restaurant operators. It has 240 KFC stores in Australia and 41 KFC stores in Europe. The company also has a handful of Taco Bell restaurants in Australia and 75 franchised Sizzler restaurants across Asia. While I see a lot of promise in the Taco Bell brand, I believe its European operations will be the key driver of growth in the future. I see now reason why one day the company won’t have more restaurants on this continent than it does in Australia. Especially given the underpenetration of KFC in the European market.
Nearmap Ltd (ASX: NEA)
A final option to consider buying is Nearmap. It is an aerial imagery technology and location data company with operations in the ANZ and North American market. I believe it is a great long term option for investors due to its sizeable opportunity in the markets it operates in. Given the quality of its offering, I expect the company to continue to win market share over the next decade. This should drive strong recurring revenues. Another positive is that Nearmap has the option to expand its coverage into other countries in the future to increase its target addressable market and accelerate its growth.
And here are more top buy and hold options. They each look well-placed for long term growth…
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More reading
- ASX shares could be the best way to grow your wealth in 2020
- 10 ASX 200 shares that are fit for the Queen
- Is the Macquarie share price the best ASX bank to buy?
- 3 ASX 200 blue chip dividend shares to buy in June
- 3 top ASX 200 shares to buy next week
James Mickleboro owns shares of Collins Foods Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Cochlear Ltd. and Nearmap Ltd. The Motley Fool Australia has recommended Cochlear Ltd., Collins Foods Limited, and Nearmap Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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