5 Best Australian Shares To Buy 2022 [Best Growth Stocks ASX]

Henry Fung

Henry is a co-founder of MF & Co. Asset Management with over 15 years of experience as a trader, investor and asset manager. Henry runs the Options Income Strategy and has a free 5-day options income strategy course you can take to learn how to use options to generate income.

May 5, 2022

Please note that any research that we publish does not take timing into consideration. We may publish research for a stock that we believe is of good quality but not necessarily trading at a discount or at a technical level for a high probability entry. If you would like to maximise your returns with optimised entry, exit and stop loss levels, check out our High Conviction Report.

Today, we’ll look at the best Australian shares to buy on the ASX in 2022 that we think are the best growth stocks.

Some of these best growth stocks have already made strong gains and have a lot more upside potential to go.

The Best Australian Shares To Buy 2022

We’ve outlined the 5 best growth stocks to buy that we have found to have a good business plan with lots of upside potential and represents some of the best that the ASX has to offer.

Iluka Resources (ASX:ILU)

Iluka Resources (ASX ILU)

Iluka Resources (ASX:ILU) is an Australian mineral sands producer with an upcoming integrated rare earth processing plant.

Mineral sands, the company’s main product, has extensive use in high-temperature applications such as refractories, pigments manufacturing, and ceramics, while the rare earth segment would be key to high-performance magnets and other components of an array of electric products including cars, turbines, and batteries.

Iluka’s main assets are located in Australia, namely, Cataby, Jacinth Ambrosia, Eneabba, and Sierra Leone, South Africa.

The company also has three more assets under development in Australia.

Read the full research article on why Iluka Resources (ASX:ILU) is one of the best growth shares to buy.

Johns Lyng Group (ASX:JLG)

Johns Lyng Group (ASX:JLG) is a construction and repair services company with a focus on contract insurance services and commercial real estate.

You may also like...
5 Best Lithium Stocks ASX 2022 [Australian Lithium Stocks]

The company has benefited from Australia’s real estate boom and is a growing player in the strata (collective management of property by individual owners) services space.

The company’s business model puts it in a unique position in this market and its focus on post-catastrophe services is a rapidly growing field due to the effects of climate change.

The stock is nearly flat YTD due to the recent turmoil in global markets from inflation and the Russia-Ukraine war but is still a slight outperformer compared to the ASX200.

Read the full article on why Johns Lyng (ASX:JLG) is one of the best growth stocks to buy.

Mineral Resources (ASX:MIN)

Mineral Resources ASX:MIN

Mineral Resources Ltd. (ASX:MIN) is a large, integrated Australian mining company with a significant market presence in both mining services/infrastructure and the production of commodities such as lithium and iron ore.

The company has enjoyed excellent business conditions in recent times in mining services, while its commodities business was hit by the correction in ore prices in the second half of 2021.

Its fortunes were, however, buoyed to some extent by a burgeoning lithium market.

It has three major divisions: Mining services, where the company is a contract service provider for mines owned by other companies; Commodities, where the company is an owner, producer, and processor of iron ore and lithium products through Joint Ventures and complete ownership; and lastly, Energy Resources, the company’s natural gas division that owns a production site to provide stable and emission-free energy to its client and own production sites.

Read the research on how Mineral Resources (ASX:MIN) made our best Australian shares to buy 2022 list.

You may also like...
5 Best Dividend Stocks to Buy [ASX Blue Chip Stocks 2022]

Ramsay Health Care (ASX:RHC)

Ramsay Health Care Shares (ASX RHC)

Ramsay Health Care (ASX:RHC) is one of the world’s largest private hospital chains.

The company has been of interest to the markets due to the spike in the number of hospital patients resulting from the pandemic.

Its recently released full-year FY21 results impressed with record performance, despite lost revenue from elective surgeries, which have higher margins than COVID-related services.

Data from the company shows significant pent-up demand existing for elective surgical and non-surgical patients due to lockdowns, the focusing of resources on COVID, and general public aversion of hospitals.

Read our research on Ramsay Health Care (ASX:RHC) and how it made our best Australian shares to buy 2022 list.

Pilbara Minerals (ASX:PLS)

Pilbara Minerals (ASX PLS)

Pilbara Minerals Ltd (ASX:PLS) is one of Australia’s biggest listed pure-play lithium mining players.

The company has lately been in the limelight due to the solid rally in its stock and its recent acquisition of Altura Mining for $175M.

The deal is a good fit for Pilbara Minerals because Altura’s Pilgangoora mine is adjacently located, making the acquisition easy to integrate and generate economies of scale.

Pilbara Minerals was also recently inducted into the ASX200, Australia’s flagship index.

The company’s stock has been having a great run being front-and-centre of the decarbonization megatrend, a thematic investor favourite.

Read the full research article on why Pilbara Minerals (ASX:PLS) is one of the best growth shares to buy.

How Do We Find Growth Stocks To Buy?

Growth stocks are generally driven almost entirely by qualitative factors such as first mover advantage, quality and quantity of assets, permits and technology.

You may also like...
Stocks on the ASX To Watch This Week [2 May 22]

Quantitative factors such as profit, revenue and so forth generally take a back seat.

Even though it is imperative that their financials are sound, when it comes to growth stocks, we are buying the story and perceived future value.

However, the very nature of valuing companies through qualitative factors means that there is a lot of room for error, opinion and subjectivity.

This means that high growth stocks tend to be small-cap, high risk and highly speculative.

The hardest part when it comes to finding growth stocks is the ability to process the information and factors at hand to make a good judgement call.

Our Research team specialises in this and has combed the ASX for some of the best growth stocks on the Australian market.

Make Your Money Work Harder For You

Picking the best stocks to buy now, timing the entry and having an edge in the market is not easy.

Download our special report below for another 5 best shares to buy now which comes with a special strategy that we use for our clients to make your money work harder for you.

Keep in mind that we publish research on stocks that are not necessarily trading at a discount or at a preferable technical level. If you want to maximise your returns by optimising your entry price, exit price and stop loss level, check out our High Conviction Report.

Are you still looking for the best stocks to buy in 2022? We’ve put together a free report on 5 stocks that we think are the best buys on the ASX right now. Download it instantly here.

This is general advice only. MF & Co Asset Management has not considered your personal financial needs, objectives or current situation. This information is not an offer, solicitation, or a recommendation for any financial product unless expressly stated. You should seek professional investment advice before making any investment decision.

You May Also Like…


Want more Free Research?

Subscribe today for free and get an email with stocks to watch every Monday and new research every Thursday.

Invalid email address
We promise not to spam you. You can unsubscribe at any time.


What People are Saying...

See what people are saying about our research, products and services.

Timely advice, very informative and well researched.Very positive from a share trading view.
Brendon Beattie
Brendon Beattie
00:14 02 May 22
Nice reporting, thank you
Christophe Dussert
Christophe Dussert
07:16 23 Aug 21
Exceptional information that is concise and insightful. Keep up the great work !!!
09:19 19 Aug 21
I feel MF and Co are very informative with their advice and recommendations.
Norman Wilkins
Norman Wilkins
08:00 19 Aug 21
Good service with frequent emailed share suggestions.
Peter Farrell
Peter Farrell
03:39 19 Aug 21
Even I never trade with MF&Co, I watch all of Henry's review and analysis, very impressed with the accuracy and... objective of those thoughts.Of course no one can say what the future will be, but at least when reading those reviews, we know where we are, then sometimes that is the best thing that you can wish for.read more
Vu Nguyen
Vu Nguyen
23:44 15 Aug 21
Excellent service, not pushy, clear reporting highly recommended
Luke Stewart
Luke Stewart
23:25 15 Aug 21
Some very useful research
Richard Goodwin
Richard Goodwin
04:33 13 Aug 21
I very much appreciate the profound stock market research and the peceived honesty.
Quentin Steinbeck
Quentin Steinbeck
16:10 11 Aug 21
Easy to understand research for “dummies guide to shares trading”
Graham Ko
Graham Ko
15:30 09 Aug 21
Easily some of the most worthwhile research presented without any bias.
Tony Miller
Tony Miller
01:06 07 Aug 21
Nice free report with a good stock pick tip. Thank you.
00:17 06 Aug 21
i subscribed to the free research report and i found it very informative and useful for making investing decisions. I’m... looking forward to meet advisers in person when lockdown eases to learn futures options trading and to join trading education courses. Thanks for providing company reports for gratis 🙏read more
Rahul Newar
Rahul Newar
13:37 05 Aug 21
Excellent…..highly recommend
12:05 05 Aug 21
Henry's website is an absolute Treasure of Insightful Financial AdviceFree, Honest & Profitable!
Jonathan Meader
Jonathan Meader
11:37 05 Aug 21
I follow every recommendation and they are always a winner.
Peter Logiotatos
Peter Logiotatos
08:37 05 Aug 21
Great info, has helped in choosing some quality stocks to invest in and have had great results from those investments.
Stuart Farnworth
Stuart Farnworth
07:54 05 Aug 21
You can rarely find relevant, dedicated, and most importantly, free research as good as the ones published here.
07:26 05 Aug 21
Excellent and balanced with great knowledge
Peter Cryan
Peter Cryan
06:53 02 Aug 21
Great research and useful information for current market situation and potential buys.
May Deng
May Deng
06:04 02 Aug 21
great knowledge base and excellent research.
colin blanch
colin blanch
00:56 02 Aug 21
I am registered only on the free advice, I have found their advice to be so much more complete compared to other sites... which you have to pay for, it is timely and does not seem to be a shotgun approach as many sites seem to do so that some time in the future they can cherry pick their good results. For me 1 or 2 shares a week is so much more meaning to me for my style of investment, do I recommend MF& co, I sure do.read more
Phil O'Leary
Phil O'Leary
00:39 02 Aug 21
Ideas and complimentary assessments are informative, interesting and easy to read. They are sometimes 'out of box' in... thinking. To me, they install trust.read more
Grahame Cox
Grahame Cox
00:30 02 Aug 21
Informative information and well researched
David Bailey
David Bailey
00:12 02 Aug 21
Great research into current trends and foresight into what to watch for the future
00:03 02 Aug 21

MF & Co. Asset Management

MF & Co. Asset Management is a boutique investment firm offering Equity Capital Markets and derivative general advice & trade execution services.

We are specialists in advising and trading in Australian and US Equities, Index & Equity Options and Options on Futures.


Get In Touch

1300 889 603
+61 2 8378 7199
M-F: 8am-5pm

Level 29, Chifley Tower
2 Chifley Square, NSW 2000


Share This