It's looking like a great day for the ASX share market today after Trump decided to put tariffs of just 10% on all countries for 90 days except China (where he increased the tariff to 125%).
Time will tell whether we've seen the end of tariff volatility or whether there's more to come. How will China and the US end their escalating tariff rates if neither wants to blink? The 10% global tariff and huge Chinese tariff are still in place, so we're not back to where we were in January.
As investors, all we can do is judge whether the investments on offer are attractive enough to buy.
The two ideas I'll discuss are still below their levels a few weeks ago, and I'd call them bargain ASX shares today.
Tuas Ltd (ASX: TUA)
Tuas is a telecommunications operator based out of Singapore. It has over 1 million mobile subscribers in the country and a small but growing broadband offering.
The company is growing at a fast pace. In the FY25 half-year result, revenue increased by 33.8% to $73.2 million, and operating profit (EBITDA) increased by 47.8% to $33.1 million. This helped net profit after tax (NPAT) rise $6.5 million to $3 million.
I think the company has significant growth potential as it increases mobile and broadband subscribers and benefits from operating leverage where profit margins rise.
There is potential for the ASX share to grow in other Asian countries, which would expand its addressable market.
VanEck Morningstar Wide Moat ETF (ASX: MOAT)
This exchange-traded fund (ETF) is still noticeably below its peak on 31 January 2025, so I still believe this is a good time to invest in one of the best funds on the ASX.
The purpose of this fund is to give exposure to some of the leading US shares. Remember, that doesn't mean all companies generate 100% of their earnings from the US; they are just listed there.
I'm calling this an ASX share because it's listed on the ASX. It aims to invest in companies with wide economic moats. That means looking for businesses that have competitive advantages that are expected to endure, more likely than not, for at least two decades and help that company generate compelling profits.
Those sorts of advantages could be in the form of intellectual property, cost advantages, network effects, and so on. These companies have excellent moats compared to their competitors.
Additionally, the MOAT ETF will only invest in these great companies when they are trading at an attractive price compared to what Morningstar analysts think they're worth.
At this lower price, I think it's a great time to buy some units of this ASX ETF.
