If you’re wanting to invest in the small side of the Australian share market, then the three small caps listed below could be worth a closer look.
All three have been tipped for big things in the future. Here’s why these small cap ASX shares could be worth adding to your watchlist:
Adore Beauty Group Limited (ASX: ABY)
The first small cap to watch is Adore Beauty. It is a leading online beauty retailer which has been growing strongly during FY 2021. This has been underpinned by a significant lift in customer numbers thanks to the shift online. The good news is that this shift is only really getting started with the beauty category. This leaves it very well positioned for growth over the long term as penetration rates increase.
Alcidion Group Ltd (ASX: ALC)
Another small cap share to watch is Alcidion. It is a growing informatics solutions company which provides software which has been designed to improve the efficacy and cost of delivering services to patients and reduce hospital-acquired complications. Alcidion appears well-placed for growth in the future thanks to the shift to a paperless environment in the healthcare sector and a number of favourable industry tailwinds.
Serko Ltd (ASX: SKO)
A third small cap to watch Serko is an online travel booking and expense management provider. It offers businesses the Zeno Travel and Zeno Expense platforms. The former provides AI-powered end-to-end travel itineraries, cost control and travel policy compliance to corporate customers. Whereas the Zeno Expense platform allows users to automate and streamline the expense administration function, identify out-of-policy expense claims, and prevent fraud. It recently signed a game-changing deal with travel giant Booking.com.
The post 3 exciting small cap ASX shares to watch appeared first on The Motley Fool Australia.
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More reading
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- ASX travel share Serko Ltd (ASX:SKO) higher on COVID business update
- 2 leading ASX e-commerce shares that could be buys in August 2021
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Alcidion Group Ltd and Serko Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Alcidion Group Ltd and Serko Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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