When it comes to buying stocks in the wake of the massive 5G rollout in Australia, the most popular choice is probably to invest in the tech stocks, as they are the ones with the largest potential returns.
Here’s how we rank the best Australian tech stocks for the first time, using the latest data from the Australian Stock Exchange (ASX) and the ASX Commerzbank.
We look at the 10 most profitable tech stocks in Australia with the biggest potential returns and the most bullish outlook.
We start by taking a look at Australia’s tech sector, with our methodology based on three metrics.
The first measure is the amount of money invested in tech by companies, the second is the percentage of revenue from tech, and the third is the ratio of revenue to total assets.
Here are the top 10 Australian tech shares for 2018, according to the ASIX.1.
AppleThe 10 most promising Australian tech companiesInvestment in Australia’s technology sector is very important, as it’s the primary reason that Australia’s economy is booming and that it has achieved such strong growth.
The top 10 tech stocks have the following characteristics:The companies are well diversified with many offering both private and public equity shares, so you don’t need to be a stock picker to make a profit in a tech stock.
They are all on the upswing and have had a relatively strong start to 2018, so investors can expect more robust growth going forward.
There’s an increasing appetite among investors to get into tech stocks this year.
This has seen the price of tech stocks soar over the past year, which has made them an attractive target for new investors, as well as those looking to take advantage of the cheap returns that are likely to follow the 5G roll-out.
Here is the list of 10 Australian technology stocks we’ve been able to track, which are all rated 5G-ready.1 Uber2 Tencent 3 Cisco4 Amazon5 Facebook6 Cisco-USTSA7 Cisco-UBS8 Google9 Amazon10 AppleHere are our top picks for the most promising tech stocks from 2018.