ASX Growth Shares
2 wonderful ASX shares to buy in May 2026
This is a great time to look at ASX shares that look significantly undervalued, so here are two that have significant growth potential.
April 30, 2026
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
This is a great time to look at ASX shares that look significantly undervalued, so here are two that have significant growth potential.
The oOh!Media Ltd (ASX:OML) share price has jumped 40% after receiving an exciting takeover offer from a bidder.
The ANZ Group Holdings Ltd (ASX:ANZ) share price is under the microscope after revealing an ANZ Workline acquisition.
The European Lithium Ltd (ASX:EUR) share price has rocketed 50% after accepting a takeover offer from Critical Metals (NASDAQ:CRML).
ASX dividend shares can be a great investment if we choose ones with a good dividend yield and offer growth potential, like these two.
The Atlas Arteria Group (ASX:ALX) share price is up 13% after the business received a takeover offer from IFM Investors.
The Fortescue Ltd (ASX:FMG) share price is in focus after announcing its FY26 third-quarter and US$680M investment in green energy.
The PLS Group Ltd (ASX:PLS) share price is in focus today after the ASX lithium share announced its update for the March 2026 quarter.
The Temple & Webster Group Ltd (ASX:TPW) share price is under the spotlight after announcing it’s hiring a new CEO.
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