The recent sell-off caused by US tariffs has left some businesses still trading below the valuations they were trading at during February. I think there are some great S&P/ASX 300 Index (ASX: XKO) shares worth buying.
While there are some businesses that have been sold off further than the three I'm going to talk about below, I like that all three of these stocks are much better value than they were a couple of months ago, and they continue growing with positive underlying growth trends.
So, with the current valuations and growth outlooks, I'm bullish about the ASX 300 shares and have invested in all of them for my own portfolio.
Pinnacle Investment Management Group Ltd (ASX: PNI)
This business has been my most recent investment. It makes investments in emerging funds management businesses and helps them grow, partly by providing various services to allow the fund manager to focus on investing.
The share prices of fund managers understandably get sold off when share markets fall because of the impact it can have on the funds under management (FUM), revenue and profit.
Despite recovering in the last few weeks, the Pinnacle share price is still 30% lower than where it was on 5 February 2025. I think this is a great time to invest in the business, considering net inflows (and fund investment performance) remain strong. In the HY25 result, it achieved net inflows of $6.7 billion.
Tuas Ltd (ASX: TUA)
This ASX 300 share is one of the largest positions in my ASX growth share portfolio. I'm attracted to the ASX telco share's strong core growth in the Singapore mobile market and its potential growth in the future.
In the first six months of FY25, its active mobile services rose 23.7% to 1.16 million, helping revenue grow 33.8% to $72.3 million and operating profit (EBITDA) increase 47.8% to $33.1 million.
I'm excited by how the company could continue growing its Singapore mobile business, reaching scale with the broadband offering and potentially expanding in other Asian countries such as Malaysia and Indonesia. Considering it's in the telco space, the business may also have defensive earnings.
The Tuas share price is 17% lower than where it was on 17 February 2025.
Siteminder Ltd (ASX: SDR)
I've liked this ASX 300 share for a while and finally got around to investing in it following the share price decline. As the chart below shows, the Siteminder share price has fallen 40% from 25 February 2025.
The hotel management software business has continued to win customers across the world and is growing at a good pace. I believe the business has a pleasing outlook with how much its profit can grow – software is a very scalable offering. Costs don't usually change too much, while revenue can continue climbing strongly.
The business recently gave a trading update, which revealed the business is expecting annual recurring revenue (ARR) growth at the end of FY25 to accelerate from the 22% year over year growth at the end of the FY25 first half. With its smart platform strategy, it continues to target 30% organic annual revenue growth in the medium-term.
