Some ASX growth shares are now a lot cheaper than they were in January. I think this could be an excellent time to invest.
The further that a (good) investment falls, the better value it seems to me. Multiple shares have seen a sizeable decline, so it’s hard to pick.
After looking at the valuations, here are two that really appeal to me.
Tuas Ltd (ASX: TUA)
Tuas is an ASX telco share, with its key operations being providing mobile services to Singapore subscribers.
Investors reacted negatively to the recent FY25 half-year result, with the Tuas share price down 16% this week.
The business grew its revenue by 34% to $73.2 million and EBITDA rose by 48% to $33.1 million. It also achieved positive net profit after tax (NPAT) of $3 million.
This growth came with active mobile services growth of 23.7% to 1.16 million, while broadband subscribers increased to 14,347.
Over the rest of FY25, the ASX growth share is expecting more mobile subscriber growth and an expansion of subscriber acquisition channels.
In five years, I think the business could be making much more profit and hopefully it has grown further in other countries outside of Singapore.
VanEck Morningstar Wide Moat AUD ETF (ASX: MOAT)
This is an exchange-traded fund (ETF) that I’ve admired for a long time. The MOAT ETF has dropped 8% since 31 January 2025, it’s quite a bit cheaper.
I think this is a compelling investment because it invests in businesses with strong, wide economic moats. That means they have advantages that allow them to generate high earnings and could continue doing so for many years to come.
Regardless of what happens in the short-term, the stocks in this portfolio could deliver a strong performance in the long-term. As a bonus, the MOAT ETF only owns these high-quality, long-term businesses when the valuations are seen as attractive.
I think the MOAT ETF has a lot going for it, and this lower price is a useful time to invest.
