It's not often that the ASX share market falls by approximately 3%, something really has to unsettle the market. This time, the ASX sell-off is being driven by oil prices and what effect that could have on inflation and possibly interest rates.
When there is widespread indiscriminate selling, I believe the market is being too harsh on certain names.
I think particular investments could deliver especially strong returns from where they are today. I'm going to outline three investments I have a close eye on.
Image source: Getty Images
Tuas Ltd (ASX: TUA)
Tuas is a Singapore-based telecommunications business that has rapidly built up a mobile subscriber base of well over 1 million. It looks to me like it has defensive, stable earnings for this uncertain period.
The business has worked hard to win over customers with a good value offering, which may be particularly appealing at times like this.
Tuas has demonstrated that it's effective at winning market share and I'm expecting this to continue in the coming years. As it becomes larger, operating leverage is playing out with its operating profit (EBITDA) margin and net profit margin climbing.
Additionally, a planned acquisition of one of its Singaporean competitors is a compelling move because it diversifies its earnings base, removes a competitor and should significantly increase the ASX share's profitability.
It has been caught up with the ASX sell-off, with the Tuas share price down by around 25% over the last six months, at the time of writing, I'm calling this business a much better value buy today, particularly if it continues growing revenue at a double-digit pace in the coming years.
Global X S&P World Ex Australia GARP ETF (ASX: GARP)
This exchange-traded fund (ETF) is one of the most effective ways to invest for returns, in my view. It's aiming to own a portfolio of global shares that offer growth at a reasonable price (GARP).
It holds 250 companies across a range of countries and sectors, giving the business pleasing diversification. More importantly than that, in my view, is that the GARP ETF looks at a number of aspects to ensure it's just owning the best ideas.
There are three elements to its strategy. Growth (sales and earnings per share (EPS) growth) over three years, value (by looming at the earnings to value multiple), and its quality (debt levels and return on equity (ROE)).
This strategy had outperformed the global share market by an average of more than 4% per year over the prior five years. Of course, past outperformance is not a guarantee of future outperformance.
Temple & Webster Group Ltd (ASX: TPW)
The third ASX share I want to highlight is homewares, furniture and home improvement online retailer Temple & Webster.
At the time of writing, Temple & Webster share price has fallen by around two-thirds over the last six months. In 2026 alone, it has dropped 46%. It has been one of the ones hit hard this year amid the ASX sell-off.
This business has been very volatile over the last several years, yet its revenue has climbed year after year. It's winning at gaining market share as more shoppers adopt e-commerce. Its revenue from home improvement products is growing particularly strongly, though that's only a small part of the business at the moment.
Temple & Webster believes its market share can continue to climb as the penetration of online shopping of homewares and furniture continues climbing. If it follows the US trend, then the market could grow to least around 30% online, up from around 20% currently in Australia.
I'm expecting the business to deliver operating leverage as it grows, resulting in higher profit margins. I'm also bullish the ASX share can grow its market share in Australia (and New Zealand).
