A bear market can do some funny things to ASX 200 share prices. We've seen the S&P/ASX 200 Index (ASX: XJO) fall 21.33% lower in 2020, which has created some buying opportunities. Normally I've got my eye on some of the big ASX 200 dividend shares or the Aussie tech shares. But given the current market, here are 3 unlikely shares in the buy zone right now.
APA Group (ASX: APA)
APA owns and operates natural gas and electricity assets and is the country's largest natural gas infrastructure company. The group boasts a market capitalisation of $12.40 billion and could be in the buy zone right now.
While the novel coronavirus has hurt many industries, it's hard to see energy infrastructure being one. The government is looking to secure our key national assets and I think implicit support is good for the ASX 200 infrastructure shares. Demand for energy isn't going anywhere and I think the current share price could be a good bargain.
Domino's Pizza Enterprises Ltd (ASX: DMP)
Domino's is one of those ASX 200 shares that's flown under the radar a little. The Domino's share price is down 1.68% in 2020 but has largely avoided the damage in the hospitality sector. My guess would be that Domino's delivery business could boom if the government shutdown continues across the country.
That means Domino's could offer more stable earnings than other ASX 200 shares right now. With a 2.38% dividend yield thrown in, Domino's could be a good defensive buy right now.
Tassal Group Limited (ASX: TGR)
The Tassal share price is up 16% this week and could be in the buy zone. Tassal is an Aussie salmon farming company and the largest producer of Tasmanian-grown Atlantic salmon. Given the demands on the food supply chain right now, I think Tassal could be set to benefit.
Much like ASX 200 dairy shares like A2 Milk Company Ltd (ASX: A2M), more demand in the supermarkets means more demand on suppliers. That could boost earnings and help the Tassal share price climb higher in 2020.
