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Last week saw a number of broker notes hitting the wires once again. Three buy ratings that investors might want to be aware of are summarised below.

Here’s why brokers think investors ought to buy them next week:

AGL Energy Limited (ASX: AGL)

According to a note out of Credit Suisse, its analysts have upgraded this energy company’s shares to an outperform rating with an improved price target of $8.30. Credit Suisse appears to believe things are improving for AGL and have increased their earnings estimates to reflect this. This underpinned its higher price target and ultimately the upgrade to outperform. The AGL share price ended the week at $7.47.

GUD Holdings Limited (ASX: GUD)

A note out of Citi reveals that its analysts have retained their buy rating and $15.70 price target on this specialist products company’s shares. This follows a review of the auto parts industry by Citi, which resulted in the broker naming GUD as its preferred pick. It expects GUD’s numerous automotive businesses to benefit from consumers holding onto their cars for longer. This is expected to boost demand for after market car parts. The GUD share price was fetching $12.13 at Friday’s close.

Telstra Corporation Ltd (ASX: TLS)

Analysts at Ord Minnett have retained their buy rating and lifted their price target on this telco giant’s shares to $4.85. According to the note, the broker believes Telstra is well-placed to deliver on its medium term targets. It also notes that the company has further monetisation opportunities from asset sales. These could support further capital management initiatives. The Telstra share price ended the week at $4.22.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares last week
• Why has the AGL (ASX:AGL) Energy share price climbed 18% in a week?
• Brokers name 3 ASX shares to buy today
• Here are the 3 most heavily traded ASX 200 shares this Friday
• The Telstra (ASX:TLS) share price has already hit multiple 52-week highs this year. What’s happening?

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. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. 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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Once again, a large number of broker notes hit the wires last week. Some of these notes were positive and some were bearish.

Three sell ratings that investors might want to hear about are summarised below. Here’s why top brokers think investors ought to sell these shares next week:

ARB Corporation Limited (ASX: ARB)

According to a note out of Credit Suisse, its analysts have downgraded this 4×4 parts company’s shares to an underperform rating with a $38.00 price target. While Credit Suisse is expecting ARB to deliver a strong half year result in February, it isn’t enough for a more positive rating. The broker suspects that the company’s margins could soften and its growth could slow thereafter. As a result, it finds it hard to justify the multiples its shares trade on. The ARB share price was trading at $45.59 at Friday’s close.

ASX Ltd (ASX: ASX)

A note out of Citi reveals that its analysts have retained their sell rating but lifted their price target on this stock exchange operator’s shares to $82.30. While the broker acknowledges that ASX has attractive qualities for long term focused investors, it still doesn’t see enough value in its shares to warrant a more positive rating. The broker continues to believe its shares are expensive in comparison to global peers. The ASX share price ended the week at $91.20.

Fortescue Metals Group Limited (ASX: FMG)

Another note out of Citi reveals that its analysts have downgraded this iron ore miner’s shares to a sell rating with a $17.20 price target. The broker made the move on valuation grounds following a strong share price rise over the last couple of months. Citi notes that this has been driven by a better than expected iron ore price. However, it believes its shares are overvalued now, particularly in comparison to peers. The Fortescue share price was fetching $21.37 at Friday’s close.

The post Top brokers name 3 ASX shares to sell next week appeared first on The Motley Fool Australia.

More reading

• These were the worst performing ASX 200 shares last week
• An ASX XI to take on the world
• How does the Newcrest (ASX:NCM) dividend stack up against other ASX 200 miners like BHP?
• Fortescue (ASX:FMG) share price up amid rainy days for Brazilian iron ore
• Goldman Sachs says buy Rio Tinto and South32 shares but sell Fortescue now

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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended ARB Corporation Limited. 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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Key points

• The Sydney Airport share price gained 35% over the course of 2021
• Its major catalyst was a takeover offer posed in July
• The airport’s stock was also likely impacted by COVID-induced travel restrictions and border closures

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The Sydney Airport (ASX: SYD) share price took off in 2021, with much of its 35.4% gain spurred by a mid-year takeover offer.

That was a far more impressive performance than that of the broader market. The S&P/ASX 200 Index (ASX: XJO) gained 13% last year.

After closing 2020 trading at $6.41, the airport’s stock was swapping hands for $8.68 at the end of 2021.

In between, it hit a high of $8.71 and a low of $5.48.

Let’s take a closer look at what caused the Sydney Airport share price to jet higher last year.

What sent the Sydney Airport share price soaring in 2021?

Lockdowns, restrictions, and takeovers, oh my! 2021 was a whirlwind for owners of Sydney Airport shares.

Full year results

The first big news from Sydney Airport in 2021 was its results for 2020, released in February 2021.

Over the 12-month period, the airport saw a $107.5 million after tax loss. Its earnings before interest, tax, depreciation, and amortisation (EBITDA) also fell 45% compared to that of 2019, dropping to $627.8 million.

Additionally, it declined to pay a dividend.

However, the market seemed to have expected a worse performance. The Sydney Airport share price gained 2.5% the day its earnings dropped.

Border restrictions kept many travellers grounded

After suffering through 2020, Sydney Airport shareholders might have hoped last year would bring the reopening of Australia’s borders and return to normality.

That hopefulness might have been bolstered by the announcement of the Trans-Tasman Bubble in April. However, it was likely shaken in May when the federal government stated international travel wouldn’t be ‘normal’ until mid-2022.

Of course, as the year went on, COVID-19’s Delta strain wreaked havoc, with much of Australia being plunged into lockdowns until October.

Finally, in November, Australia’s international borders reopened and the travel sector seemed to be getting back to normal.

Except that, by then, the Sydney Airport had been handed a $23.6 billion takeover offer.

A takeover offer sent the Sydney Airport share price rocketing

On 5 July, the Sydney Airport share price took off to multi-year heights. It soared 33.9% after the airport was handed an $8.25 cents per share takeover offer.

The bid came from a consortium of infrastructure investors and superfunds, later named the Sydney Aviation Alliance.

10 days later, the airport rejected the offer, stating it didn’t properly value the asset.

That began a to-and-fro. The consortium put forward a bid of $8.45 that Sydney Airport quickly rejected.

Eventually, in September, it offered $8.75 per share, which was accepted by the airport’s board.

Shareholders will get the chance to vote on the acquisition on 3 February.

The post Here’s why 2021 was a stellar year for the Sydney Airport (ASX:SYD) share price appeared first on The Motley Fool Australia.

More reading

• Exactly who will own Sydney Airport (ASX:SYD) following its takeover and why does it matter?
• Why is the Sydney Airport (ASX:SYD) share price worth keeping an eye on?
• Here are the 3 most heavily traded ASX 200 shares on Friday
• 5 best ASX 200 travel shares of 2021
• 2 ASX travel shares that flew higher than Flight Centre (ASX:FLT) in 2021

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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With so many shares to choose from on the Australian share market, it can be hard to decide which ones to buy over others.

To narrow things down, I have picked out three options that are highly rated to consider:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX share to consider this month is this pizza chain giant. It has been tipped to continue its strong growth over the next decade thanks to its bold expansion plans at home and overseas, acquisitions, and its focus on technology. And while food inflation is likely to weigh on its performance in the near term, this is only expected to be temporary. Which could mean the recent weakness in the Domino’s share price is a buying opportunity for long-term focused investors.

Goldman Sachs is positive on Domino’s. It currently has a buy rating and $147.00 price target on the pizza chain operator’s shares.

Hipages Group Holdings Ltd (ASX: HPG)

Another ASX share to look at is Hipages. It is a leading Australian-based online platform and software as a service (SaaS) provider connecting consumers with over 30,000 trusted tradies. Hipages has been growing at a rapid rate over the last couple of years and looks well-placed to continue this strong form as it builds out its ecosystem. This will be supported by the recent acquisition of New Zealand rival Builderscrack, which gives Hipages access to a NZ$26 billion total addressable market and 4,000 active tradies.

Goldman Sachs is very bullish on Hipages. It currently has a buy rating and $5.15 price target on its shares.

ResMed Inc. (ASX: RMD)

A final ASX share to look at is ResMed. It is a medical device company with a focus on the sleep treatment market. ResMed has been a very strong performer over the last decade, generating mouth-watering returns for investors. The good news is that the next decade looks positive. This is thanks to its world class products, significant market opportunity, and the growing prevalence of sleep disorders,. Its near term performance is also being boosted by a major product recall (5.2m CPAP devices) from Philips.

Morgans is positive on the company and has an add rating and $40.80 price target on ResMed’s shares.

The post 3 buy-rated ASX shares appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX shares today
• Why AnteoTech, BrainChip, City Chic, and ResMed shares are charging higher
• Analysts name 2 excellent ASX growth shares to buy right now
• Why Domino’s, Fortescue, Medibank, and Metcash shares are falling
• ASX 200 (ASX:XJO) midday update: Afterpay-Block deal approved, Fortescue downgraded

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 and has recommended Hipages Group Holdings Ltd. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited, Hipages Group Holdings Ltd., and ResMed Inc. 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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Cheap ASX shares aren’t always necessarily great value. But, there could be plenty of opportunities that could be smart buys whilst also being cheap.

A number of businesses in the physical retail space on the ASX are often priced at a low price/earnings ratio (p/e ratio).

Could they be attractive opportunities?

Super Retail Group Ltd (ASX: SUL)

Super Retail is one of the largest retailers in Australia and New Zealand. It owns four key brands: BCF, Macpac, Rebel and Supercheap Auto.

Looking at the valuation, the broker Citi thinks that the Super Retail share price is priced at 13x FY23’s estimated earnings. Citi rates the ASX share as a buy with a price target of $16. That’s more than 30% higher than where it is today.

The broker thinks that retail sales are going to be stronger for longer and it thinks the end of full lockdowns is a positive, though supply chain impacts could be problematic in the shorter-term.

In October 2021 it gave a trading update for the first 16 weeks of FY22. Despite lockdowns in Victoria and NSW, group sales were only down by 12% and compared to FY20 sales were up 10%. Online sales were up 96% and represented nearly a third of group sales.

The gross profit margin improvement that was achieved in FY21 was sustained in the first 16 weeks of FY22. However, it noted that margins could be impacted with the challenging supply chain.

Accent Group Ltd (ASX: AX1)

Accent Group is a large shoe retailing business which sells through a large number of brands, with both ones that it owns and ones that it’s a distributor for. Some of those brands include: CAT, Dr Martens, Glue, Hype, Merrell, Pivot, Platypus, Skechers, Stylerunner, The Athlete’s Foot, Trybe, Timberland and Vans.

It is currently valued at 13x FY23’s estimated earnings by UBS. The broker rates Accent as a buy, with a price target of $3. That’s a potential upside of more than 35% this year if the broker is right.

The broker thinks that Accent can benefit with all of its stores open again, as well as longer-term growth of its profit margins.

Accent is continuing to grow its store network, which can be an important part of revenue and profit growth. By the end of FY22, it’s expecting to have more than 700 stores in Australia and New Zealand.

The ASX share is also growing its digital sales. In the first quarter of FY22, during the NSW and Victoria store closures, digital sales were up around 65%, with conversion rates rising driven by improved customer targeting and website capability. It wants online sales to be at least 30% of sales over time.

It’s also seeing some growth of some brands internationally. For example, Stylerunner now ships internationally to the USA, Singapore and Hong Kong. It’s seeing strong early results and it’s watching and testing the US market closely.

It also recently signed an exclusive distribution agreement in Australia and New Zealand for Reebok, for an initial 10-year term.

The post Are these 2 cheap ASX shares undervalued? appeared first on The Motley Fool Australia.

More reading

• There were the 5 best performing ASX 200 retail shares of 2021
• Why Accent, Careteq, Pro Medicus, and Xero shares are dropping
• Why the Accent (ASX:AX1) share price is sinking 6% today
• Top ASX dividend shares to buy in 2022
• 2 ASX dividend shares tipped as buys this month

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Super Retail Group Limited. The Motley Fool Australia owns and has recommended Super Retail Group Limited. The Motley Fool Australia has recommended Accent Group. 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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If you’re wanting to invest in the tech sector after recent weakness but aren’t sure which shares to buy, then these exchange traded funds (ETFs) could be worth considering.

These ETFs provide investors with easy access to a number of high quality shares in the tech sector. Here’s what you need to know about them:

BetaShares Global Cybersecurity ETF (ASX: HACK)

The first tech ETF to consider is the BetaShares Global Cybersecurity ETF. This ETF gives investors exposure to the leading companies in the growing global cybersecurity sector. Among the companies you’ll be investing in with this ETF are Accenture, Cisco, Cloudflare, Crowdstrike, and Okta.

With cybercrime on the rise, demand for cyber security services has been growing fast and is expected to continue doing so in the years that follow. This means many leading companies in the industry could be in a position to grow at an above-average rate over the next decade.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

Another tech ETF to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors access to a portfolio of the largest companies involved in video game development, eSports, and related hardware and software globally.

VanEck notes that these companies are in a position to benefit from the increasing popularity of video games and eSports. It also notes that the fund gives investors the option to diversify their portfolio by providing opportunities away from tech giants Apple, Amazon, Facebook, Google and Microsoft.

Among its major holdings are graphics processing units (GPU) giant Nvidia and games developers Take-Two Interactive (GTA, Red Dead), Electronic Arts (FIFA, Sims, Apex Legends), and Activision Blizzard (Call of Duty).

The post Here are 2 ASX tech ETFs to buy after recent weakness appeared first on The Motley Fool Australia.

More reading

• 2 ETFs for ASX investors to check out this month
• 2 top ETFs that could be buys in January 2022
• Here’s how the BetaShares Cybersecurity ETF (ASX:HACK) beat the ASX 200 in 2021
• 3 ASX ETFs for smart investors in 2022
• 2 exciting ASX tech shares that could be buys

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 and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia owns and has recommended BETA CYBER ETF UNITS. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. 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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Are you looking for some dividend options for your portfolio in January? If you are, check out the two ASX shares listed below.

Here’s why these ASX dividend shares have been tipped to as buys this month:

Coles Group Ltd (ASX: COL)

The first ASX 200 dividend share for investors to consider is this retail giant. As well as being one of the big two supermarket operators with over 800 stores, Coles operates over 900 liquor retail stores, and over 700 Coles express stores.

But management isn’t resting on its laurels. It continues to expand its network and invest in its online business. The latter includes the construction of new smart distribution centres with automation giant Ocado. All in all, this is expected to underpin solid earnings and dividend growth over the 2020s.

Citi is a fan of Coles. The broker currently has a buy rating and $19.60 price target on its shares. As for dividends, it is forecasting fully franked dividends of 65 cents per share in FY 2022 and 72 cents per share in FY 2023. Based on the current Coles share price of $16.35, this will mean yields of 4% and 4.4%, respectively.

Suncorp Group Ltd (ASX: SUN)

Another ASX 200 dividend share to look at is Suncorp. Through a range of brands it helps Australians build their futures and protect what matters by offering insurance, banking, and wealth products and services.

It could be a good option for income investors due to its attractive valuation and generous forecast dividend yields. In respect to the latter, the team at Goldman Sachs is expecting fully franked dividends per share of 61 cents in FY 2022 and 73 cents in FY 2023.

Based on the current Suncorp share price of $11.60, this will mean yields of 5.25% and 6.3%, respectively. And with Goldman slapping a $13.74 price target on its shares, there’s plenty of upside potential on offer here as well.

The post Analysts name 2 ASX 200 dividend shares to buy today appeared first on The Motley Fool Australia.

More reading

• Own Suncorp (ASX:SUN) shares? Here’s what top analysts are saying
• Could this impact the performance of ASX 200 banks more than interest rates in 2022?
• What happened to the Coles (ASX:COL) share price in 2021?
• 2 high-yielding ASX 200 dividend shares to boost income
• Analysts name 2 ASX 200 dividend shares to buy

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. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended COLESGROUP DEF SET. 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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Although lithium shares have been on fire over the last 12 months, it may not be too late to invest in the sector according to analysts.

For example, the two ASX lithium shares listed below have been tipped as buys recently. Here’s what you need to know about them:

Allkem Ltd (ASX: AKE)

The first ASX lithium share to look at is Allkem. It is the company that was formed following the merger of Galaxy Resources and Orocobre. This merger created a top five global player with a collection of world class operations and projects across Western Australia, Argentina, and Canada.

Macquarie is very positive on Allkem. This is due largely to its belief that lithium prices will remain at record levels for a number of years, which bodes well for Allkem’s free cash flow generation in the future.

The broker recently retained its outperform rating and lifted its price target on Allkem’s shares by 13% to $13.60. This compares to the latest Allkem share price of $11.43.

Liontown Resources Limited (ASX: LTR)

Another ASX lithium share to consider is Liontown. It is the company behind the Kathleen Valley Lithium Project in Western Australia. This project will be producing 500ktpa of spodumene when it commences in 2024.

From this, the company has just announced an agreement to sell battery manufacturer LG Energy Solution (LGES) a total of 150ktpa of spodumene for a five-year term with pricing linked to industry recognised price reporting indices for lithium hydroxide monohydrate. It also revealed that it is currently in negotiations with other tier-1 customers for the remaining offtake.

Bell Potter is a fan of the company. It currently has a speculative buy rating and $2.15 price target on the company’s shares. This compares to the latest Liontown share price of $1.72.

The post 2 ASX lithium shares analysts rate as buys appeared first on The Motley Fool Australia.

More reading

• Why Liontown (ASX:LTR) could be a lithium share to buy in 2022
• 2 ASX growth shares Macquarie rates as buys
• Liontown (ASX:LTR) share price leaps again as boss dismisses lithium supply glut concerns
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Here are the 3 most heavily traded ASX 200 shares this Wednesday

Motley Fool contributor James Mickleboro owns Orocobre Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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Key points

• Analysts have named some ASX dividend shares as buys
• Simply paying a dividend is not enough to count as an attractive income stock
• Both Adairs and BOQ look good value and could pay attractive yields

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It can be hard to find investments that deliver a decent yield in the current environment. Some ASX dividend shares may be the answer.

However, just because a company pays a dividend doesn’t automatically make it a worth a buy. For example, Commonwealth Bank of Australia (ASX: CBA) is one of the most well-known and biggest dividend payers on the ASX. However, several brokers rate CBA as a sell.

That’s not the case with the following two ASX dividend shares:

Adairs Ltd (ASX: ADH)

Adairs is one of the leading retailers when it comes to homewares, furnishings and furniture.

It is currently rated as a buy by a few different brokers including Morgans and UBS. The price targets on Adairs are $4.80 and $5.90 respectively, which suggests upside of 25% and 53%.

Both of these brokers are also predicting a large dividend in FY23 from Adairs. At the current Adairs share price, in FY23 Morgans thinks the company is going to pay a grossed-up dividend yield of 10.8% and UBS is expecting a FY23 grossed-up dividend yield of 11.1%.

The brokers like that Adairs has bought Focus on Furniture for a decent price which will add to earnings per share (EPS) for the longer-term.

Adairs thinks that Focus has growth opportunities from a national store roll out, online growth and category and range expansion.

The existing Adairs business is growing online sales significantly, becoming more efficient and growing profitability.

The ASX dividend share is also working on opening more larger format stores which are substantially more profitable than smaller ones.

Morgans thinks that Adairs shares are valued at 9x FY23’s estimated earnings.

Bank of Queensland Limited (ASX: BOQ)

BOQ is currently rated as a buy by six brokers, including Macquarie.

Macquarie is expecting that the regional bank is going to pay a grossed-up dividend yield of 8.3% in FY23. The price target by the broker on the bank is $10, which suggests a potential upside of more than 20% this year.

The broker thinks that the bank is doing pretty well in the current environment consider banks like CBA are warning that its net interest margin (NIM) facing difficulties with competition and the low interest rate environment.

At the bank’s annual general meeting (AGM), it reconfirmed FY22 guidance of at least 2% jaws, with expenses down 1% for the year.

The ASX dividend share says that it’s maintaining a strong capital position and sound asset quality. It’s committed to delivering long-term shareholder value through sustainable profitable growth.

A key focus for BOQ at the moment is integrating ME Bank. Work is underway to return ME Bank to growth, with application volumes up 62% in the first quarter in FY22 compared to the FY21 average. Net growth was achieved for the month of November. Synergies are being accelerated and expected to be delivered by the end of FY23.

Macquarie puts the BOQ share price at 11x FY23’s estimated earnings.

The post 2 ASX dividend shares rated highly by analysts appeared first on The Motley Fool Australia.

More reading

• 2 cheap ASX shares for value investors
• 40% drawdown: The Bank of Queensland (ASX:BOQ) share price is struggling. Is it a buy?
• Broker names Adairs (ASX:ADH) shares as a buy for growth and income investors
• A top broker reckons this ASX retail share is a buy with a 50% upside
• 2 ASX dividend shares with yields of more than 8%

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended ADAIRS FPO. The Motley Fool Australia owns and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Macquarie Group Limited. 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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Key points

• Digital ASX shares are achieving strong revenue growth
• Both Doctor Care Anywhere and Cettire are seeing triple digit revenue growth
• The two stocks are investing and further expanding their addressable markets

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There are a select few ASX tech shares that are experiencing a high level of growth year on year.

Businesses that are growing at a very fast pace can often capture investor attention.

Depending on their long-term trajectory, they may end up becoming much larger over time.

Doctor Care Anywhere Plc (ASX: DOC)

The Doctor Care Anywhere share price has fallen more than 60% over the past year to $0.55. But the business has been reporting quick operational growth.

Doctor Care Anywhere is a UK-based telehealth company that wants to provide the best possible patient care and experience through its digital platform. It utilises its relationships with health insurers, healthcare providers and corporate customers to connect with patients to deliver a range of telehealth services.

For the three months to September 2021, the company saw quarter on quarter revenue growth of 21.6% to £5.8 million (A$10.7 million). This was driven by 30.6% growth of consultations to 116,800. Over 65% of consultations were delivered to returning patients.

It has also completed the acquisition of tele-health and tele-mental provider GP2U Telehealth. This expanded its operations to Australia, giving it geographic earnings diversification and another avenue for growth.

Excluding the impact of the acquisition, the ASX tech share has guided that FY21 revenue was going to grow by at least 100%.

It’s also evolving its operating model so that it can offer not just a 15 or 20 minute virtual GP consultation, but also a 20 minute virtual consultation with an advanced nurse practitioner or a ‘quick consult’ where a patient completes a questionnaire to be reviewed by a prescribing clinician, resulting in written advice or a prescription without the need for a real time video or phone consultation.

Cettire Ltd (ASX: CTT)

Cettire is a global online retailer. It offers a large selection of in-demand personal luxury goods through its website, Cettire.com. The ASX share has an extensive catalogue of approximately 1,700 luxury brands and 200,000 products across clothing, shoes, bags and accessories.

The ASX tech share is experiencing rapid growth as more customers shop online due to the e-commerce tailwinds.

For the first four months of FY22 to 31 October 2021, sales revenue soared 172% to $57.8 million year on year, with the number of orders rising 209% to 107,676 and active customers soaring 220% to 158,260.

Cettire said that despite offline stores reopening with restrictions easing, its growth trajectory continues unabated.

The Cettire founder and CEO Dean Mintz said:

The focused investment to further enhance Cettire’s solid foundations is delivering results. Having invested in customer acquisition and executed strongly, October monthly traffic increased 379% year on year. In addition, we are seeing very positive early signs from the migration to our proprietary storefront, with sales growth in “migrated” markets outpacing the company.

But the company is also looking to increase its total addressable market. It is looking to open up more potential revenue by exploring new adjacencies, such as the children’s wear segment that it has recently launched.

Management are focused on operating Cettire to “maximise overall revenue growth”.   

The post 2 ASX tech shares that are rapidly growing appeared first on The Motley Fool Australia.

More reading

• Up 480% in a year: Is it too late to invest in Cettire (ASX:CTT) shares?
• Can you guess the best and worst All Ordinaries performers of 2021?
• These are the 5 best performing ASX shares of 2021
• Down 50%: Broker tips A2 Milk (ASX:A2M) and this ASX share to rebound in 2022
• 2 small cap ASX shares for 2022 with big potential

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Cettire Limited and Doctor Care Anywhere Group PLC. The Motley Fool Australia has recommended Cettire Limited and Doctor Care Anywhere Group PLC. 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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