AUS
NZ
UK
CA
USA
IND
Highlights
- Growth stocks are the companies that have a high development potential and show above-average earnings.
- Turners Automotive will pay a dividend of 5cps for Q1 FY22 on 28 October 2021.
- NZME expects EBITDA to be between $63 million and $67 million for FY21.
Growth stocks are the companies that grow their earnings at a faster pace than the market. These companies have unique product lines and use innovative technologies that can help them in putting ahead amongst competitors in the industry.
Growth stocks have the potential to grow and provide good capital gains. However, investors must also consider risks associated with investing in them like underachievement by the company.
Here is a list of 5 NZX firms that are likely to show growth next year. 
Image source: © 2021 Kalkine Media New Zealand Ltd, Data source- EODHD/Others
Image Description: 5 NZX Growth Stocks, mkt cap, return
Turners Automotive Group Limited (NZX:TRA)
Automotive financial solution provider, Turners Automotive, declared its dividend for the first quarter of FY22. The Group will pay 5cps as the dividend on 28 October 2021.
TRA decided to give a dividend payout on the back of strong Q1 performance by the business before the COVID-19 lockdown was imposed in NZ in August.
TRA ended the day flat to close at $4.44.
NZME Limited (NZX:NZM)
NZME, NZ’s integrated media firm, on 5 October provided a market update on its performance amid COVID-19 lockdowns. NZM expects profit growth this year over 2020 as the business is operating effectively across NZ. However, this is subject to the duration for which lockdowns continue in the country.
ALSO READ: 3 NZX growth stocks that can be worth exploring in October 2021
The Group expects to deliver an EBITDA between $63 million and $67 million for FY21 and continued cutbacks in net debt by the end of 2021.
NZM ended the day 3.67% in green to close at $1.13.
PGG Wrightson Limited (NZX: PGW)
PGG Wrightson, key suppliers to the agriculture sector, reported a 7.6% increase in sales to $847.8 million in FY21, compared to pcp. Retail, fruitfed supply, cattle, wool, and real estate businesses performed well for the company.
RELATED READ: Why to look at these 4 NZX-listed dividend stocks in Q4?
The Group continues to see strong demand and price for New Zealand goods, which is improving outlook for producers.
PGW paid a final dividend of 4cps on 4 October 2021, taking the total dividend to 28cps for FY21.
PGW ended the day 1.27% in red to close at $3.9.
The Colonial Motor Company Limited (NZX:CMO)
Colonial Motor, a Wellington-based company with a focus on motor vehicle dealership, reported a 19% increase in revenue to $901.2 million for the year ended 30 June 2021. The Group’s projects remain as work-in-progress while key areas of forestry, infrastructure and distribution in heavy truck industry have all kicked up in 2021.
RELATED READ: Which are the 5 best performing NZX growth stocks?
CMO paid a final dividend of 40cps on 4 October 2021 after paying an interim dividend of 15cps in March.
CMO ended the day 0.77% in green to close at $10.5.
South Port New Zealand Limited (NZX:SPN)
South Port NZ, New Zealand's southernmost commercial deep-water port, reported a satisfactory performance in FY21, with an after-tax profit of $10.71 million, up 13.6% from FY20 and ahead of projections.
Do read; What are the 5 most interesting NZX Stock Stories? FBU, SEK, BLT, MHJ, ZEL
Despite an 8% drop in container vessel cells, the Port handled a total of 53,750 TEU, a new high for the company. Container numbers increased by 13.3%, while bulk cargo volumes increased by 5.9%.
SPN ended the day flat to close at $9.34.
Bottom Line
Choosing a particular growth stock depends on the investing style of an investor.
(NOTE: Currency is reported in NZ Dollar unless stated otherwise)
