Transurban Group and 1 other ASX share I’d buy in another share market crash

Many investors are wary of the next share market crash in 2020 but these 2 ASX shares are at the top of my buy list for the right price…

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bar graph with man jumping over low number representing dip in asx shares

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It’s been a bad morning for ASX shares today as the S&P/ASX 200 Index (INDEXASX: XJO) has fallen 1.9% lower to 5,851.4 points.

It can be hard to keep a cool head while both domestic and international share markets are crashing lower. However, I like to think of today’s drop as a discount sale on some of my favourite companies.

Here are a few ASX companies that I’ve got my eye on if we see another share market crash in 2020.

ASX shares I’d like to buy in the next market crash

Transurban Group (ASX: TCL) is one blue-chip share at the top of my list.

Transurban is one of the world’s largest infrastructure investors with an extensive portfolio of toll roads across Australia and North America.

Despite its share price slumping in the recent bear market, there could be a silver lining for Transurban. The coronavirus restrictions have forced a rethink of commuting which could see more Aussies turn to toll roads in 2020.

If we see another COVID-19-related share market crash, I think the Transurban share price could be caught up in it. If there’s a tidy discount on offer, I might buy-in if I think it’s at a bargain.

But Transurban isn’t the only ASX share I’d have my eye on in a share market crash. While Transurban might be a speculative play, buying AGL Energy Limited (ASX: AGL) could be a good defensive option.

The Aussie energy generator and retailer could see its earnings hold up better than some in 2020. The energy sector is generally non-cyclical, given the demand for energy is largely uncorrelated with the state of the economy.

While I think the AGL share price is unlikely to rocket higher in 2020, it could be a good option to buy in a share market crash. Of course, it’s worth investing in all ASX shares with a long-term view, but AGL could be a solid buy.

It already boasts a strong market share in the Aussie energy market and is one of the leading investors in renewable energy. If you’re bullish on the role of renewables in Australia for the long-term then maybe AGL is worth a look.

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Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of Transurban Group. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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