There has been significant volatility in recent weeks as months. But there could be ASX shares that are opportunities according to some experts.
Share prices change all the time, but a rapid decline of the market capitalisation of a business can open up opportunities.
With that in mind, here are two ASX shares that are liked by experts:
Frontier Digital Ventures Ltd (ASX: FDV)
Frontier Digital Ventures is a business that invests in emerging markets, it wants to become the leading operator of the best online marketplace businesses in those regions.
The Frontier Digital Ventures share price has fallen almost 22% since the start of the year.
Karen Towle, the portfolio manager from the Tribeca Special Opportunities Fund, has outlined why she thinks the ASX share is an opportunity.
She describes what Frontier Digital Ventures does by saying it looks for emerging businesses similar to REA Group Limited (ASX: REA) or Carsales.Com Ltd (ASX: CAR) but in emerging markets.
Ms Towle points out that the managing director of Frontier Digital Ventures started out at REA when it started to take off years ago. In other words, he has the experience to know how to grow fledgling online businesses in places like South America, the Middle East and Asia.
Frontier Digital Ventures only looks at the best or second best business in the market, then Frontier adds its expertise. Those businesses are growing very quickly. Coming out of COVID, some of those investments can benefit from a reopening story too.
Ms Towle's final words on the ASX share were: "I just think that the opportunity for those markets to grow and mature is huge, and it'll be a very big company at one stage."
Domino's Pizza Enterprises Ltd. (ASX: DMP)
Domino's is one of the biggest food businesses in Australia and it also has a growing presence in Europe and Asia.
The Domino's share price has fallen 33% since the start of the year. It has halved since the middle of September 2021.
UBS is one of the brokers that rates Domino's as a buy, with a price target of $110. That's a potential increase of more than 30% if the broker is right.
Despite the recent half-year result which has disappointed the market, the broker likes the long-term growth potential of the business.
In the first six months of FY22, network sales rose 11.1% to $2.05 billion, earnings before interest and tax (EBIT) dropped 5.7% to $144.7 million and underlying net profit after tax (NPAT) fell 5.3% to $91.3 million.
Domino's said that earnings fell after 'investing' in franchisees in Australia and New Zealand, as well as a "rebasing" of Japan sales because of strong sales during COVID. Japan same-store sales remained 40% higher compared to pre-COVID.
In the coming years, Domino's wants to reach 3,050 European stores by 2033, 1,200 ANZ stores by between 2025 to 2028 and 2,400 Asian stores by 2033. By 2033, the company wants to have 6,650 stores, which is 2.1x its current market size. It's also looking for acquisitions.
