Recent market volatility has led to most ASX 200 stocks falling significantly.
This could have created a rare window of opportunity for long-term investors — and according to Bell Potter, two of the best opportunities on the ASX 200 right now are Flight Centre Travel Group Ltd (ASX: FLT) and WiseTech Global Ltd (ASX: WTC).
It notes that both companies are still growing, highly profitable, and trading well below what analysts believe they're worth. Here's what it is saying about these stocks:
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Flight Centre
According to Bell Potter, Flight Centre's share price has fallen out of step with its business performance. The company has delivered record transaction volumes in FY 2024 and the first half of FY 2025, thanks largely to strong momentum in its high-margin Corporate division, which now makes up around half of group earnings.
Flight Centre is leveraging proprietary tech platforms like FCM and Melon, while its Leisure business is benefiting from luxury travel and cruise demand. And despite a softer first half result — weighed down by airfare deflation and strategic investments — Bell Potter sees the recent share price weakness as overdone. It said:
Flight Centre Travel Group's (FLT) recent share price performance appears disconnected from its underlying operational recovery and market leadership position as a scaled global travel provider with a diversified earnings base across Leisure and Corporate segments. FLT achieved record Total Transaction Value (TTV) in FY24 and H1 FY25.
While near-term challenges exist and a disappointing 1H25 result contributing to the stock's de-rating, these appear manageable within the broader context and we think the stock is trading cheap here – 12MF PE is now below 10x, which is at its historic lows.
WiseTech Global
WiseTech's share price has been under pressure — initially from corporate governance concerns, and more recently from broader selling across high-growth tech stocks. But Bell Potter believes investors are missing the forest for the trees.
The company's CargoWise platform remains the backbone of global freight and logistics management for many of the world's largest providers. And with ~95% recurring revenue and customer churn under 1%, this ASX 200 stock continues to deliver high-margin, scalable growth. It said:
WiseTech Global (WTC) presents a compelling investment case despite recent share price weakness. We believe the sell-off, originally driven primarily by significant corporate governance concerns followed by the arbitrary selling of high beta stocks, to a lesser extent, delays in new product launches, is overdone relative to the company's underlying quality and strong growth prospects.
Newsflow continues to highlight that the new executive team is taking shape, after the board was also recently sorted/improved with the appointment of two NEDs. There is still further work to be done on both with the appointment of a permanent CEO and two more NEDs to the board but progress is clearly being made. With major governance-mandated selling potentially complete, investors tolerant of the current risks are looking at an opportunity to acquire a high-growth, market-leading software business at a much more attractive valuation.
