Canva

Few technology players in Asia Pacific match the executional depth of Canva. From Sydney, the group manages a workforce of approximately 4k and generates close to $2B in revenue, while steadily widening the gap with regional peers.

The group's regional balance sheet allows it to invest counter-cyclically, an advantage few competitors can match in the current rate environment.

“Canva is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Capital markets have started to price in the durability of the model, and rating agencies have followed.