The ASX share market has been on a strong run over the last 12 months, making it hard to find ASX shares for value hunters.
However, there are a few names out there which still look very attractive to me for very compelling reasons.
Share prices change all the time, with sellers and buyers responding to different events such as a company's latest earnings result, inflation figures or geopolitical events. This means investment opportunities are always opening up.
After surveying the options, I think the two All Ordinaries (ASX: XAO) shares could be two of the best options to invest with $3,000.
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Centuria Industrial REIT (ASX: CIP)
This ASX share is one of the leading real estate investment trusts (REITs) right now, in my view. It owns a portfolio of quality industrial properties in key metropolitan locations.
These sites are limited in number and the demand for industrial properties is increasing due to a variety of tailwinds.
In Australia, those trends include increased e-commerce adoption, population growth, the onshoring of production and assembly, increased data centre demand, and fresh food and pharmaceutical demand (requiring refrigerated warehouse capacity).
All this is helping boost the rental potential of the properties. In the first quarter of FY25, Centuria Industrial REIT reported a 54% increase of rental income properties where the old lease has expired (called a re-leasing spread).
Despite achieving strong rental growth and providing expectations of growth in rental profit and the distribution in FY25, Centuria Industrial REIT shares are trading at a 26% discount to the net tangible assets (NTA) of $3.87 at 30 June 2024.
It looks like a bargain to me, which is why I recently invested.
GQG Partners Inc (ASX: GQG)
GQG is a global fund manager with headquarters in the United States and a presence in countries like the United Kingdom, Canada and Australia.
The chart below shows the GQG share price has fallen by more than 20% from 11 November 2024 – and I think this has opened up a buying opportunity.
The sell-off appears to have occurred due to problems associated with Adani, one of the fund manager's investments. But this only makes up a small amount of GQG's funds under management (FUM). It certainly wasn't 20% of the FUM.
GQG continues to see a pleasing level of inflows – in the first six days of December it experienced US$1.1 billion of gross inflows.
The fund manager's funds have performed strongly over the long-term and I believe it can continue to help its FUM increase through organic investment performance. If net inflows remain positive in 2025, I think this company could be very undervalued.
According to the forecasts on Commsec, the GQG share price is valued at 8.4x FY25's estimated earnings with a projected dividend yield of 10.75%.
