If you are looking for some new investment ideas, then it could pay to hear what analysts are saying about the ASX shares in this article, courtesy of The Bull.
Here's what they are recommending investors do with these shares this week:
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Cleanaway Waste Management Ltd (ASX: CWY)
DP Wealth Advisory has named this waste management company's shares as a buy this week.
It likes Cleanaway partly because of the waste management industry's high barriers to entry.
In addition, while it acknowledges that there are regulatory risks, the wealth advisory firm appears to see an attractive risk-reward on offer here following share price weakness. It said:
This waste management company enjoys high barriers to entry, making it difficult for competitors to undercut or take market share. Underlying earnings before interest and tax increased by 60 per cent between fiscal years 2022 and 2025. Moving forward, the company is targeting improving EBIT margins and earnings per share growth. However, it's important to note that regulatory risk exists as the company is exposed to volatile commodity prices for recycled material. The recent share price was trading well below its consensus valuation for the next 12 months.
Codan Ltd (ASX: CDA)
DP Wealth Advisory isn't as positive on Codan shares this week and has named them as a hold.
Although it has been impressed with its strong performance, the wealth advisory firm appears to see its shares as fully valued now following a strong rise. It explains:
This communications equipment and metal detection company has been a stellar performer in the past 12 months due to its business mix. The company lifted group revenue by 29 per cent in the first half of 2026 when compared to the prior corresponding period. Net profit after tax was up 55 per cent. The communications segment delivered growth at the top end of the fiscal year 2026 target range.
A strong performance from the metal detection segment was driven by gold detector demand in Africa. Performance suggests investors should continue holding the stock. The group recently revealed it was trading above expectations in the second half of 2026.
Tuas Ltd (ASX: TUA)
The team at Dolphin Partners Financial Services has named this Singapore-based telco as a buy this week.
However, it is worth highlighting that this was prior to the 60%+ decline by the Tuas share price on Monday in response to an announcement relating to its Simba business and impacting its proposed M1 acquisition.
Commenting on the ASX share, Dolphin Partners Financial Services said:
Tuas operates a mobile telecommunications network in Singapore. It lifted revenue by 26 per cent in the first half of fiscal year 2026 when compared to the prior corresponding period. Underlying EBITDA was up 27 per cent. It generated subscriber growth in mobile and broadband services. Tuas and its subsidiary Simba Telecom have proposed acquiring 100 per cent of M1 to become a major telecommunications provider in Singapore.
On May 13, 2026, TUA was awaiting approval for the proposed transaction. If approved, a successful acquisition would leave TUA seeking synergy opportunities amid growing earnings going forward.
