Fund managers: 2 exciting ASX shares that could be excellent buys

These businesses are rated as having very positive futures…

The ASX share market is full of opportunities that we can buy to generate returns.

Yes, many investors may be drawn to names like BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA) and Woolworths Group Ltd (ASX: WOW). But these blue-chips are unlikely to keep growing quickly because of their size and how mature their markets already are.

The fund managers of listed investment company (LIC) WAM Active Ltd (ASX: WAA) have outlined two businesses that have promising outlooks.

WAM Active looks for mispriced ASX shares. Let's look at two of the latest businesses that were highlighted within the portfolio.

Red buy button on an Apple keyboard with a finger on it.

Image source: Getty Images

Dxn Ltd (ASX: DXN)

The first company that Wilson Asset Management (WAM) talked about was DXN, a prefabricated data centre manufacturer and operator, scaled across the Asia-Pacific region.

WAM noted that the DXN share price increased in August after the company announced a $4.1 million contract with Melbourne Airport to design, manufacture and commission a prefabricated edge data centre facility.

The fund manager also noted that DXN's FY26 result also highlighted a record order backlog of $40.9 million and growing demand for its artificial intelligence- ready modular data centre solutions.

DXN also secured its second AI high-performance computing contract, providing confidence in its growth outlook.

Overall, WAM believes that the ASX share is well-positioned to benefit from accelerating investment in AI infrastructure, supported by an expanding order book, increasing manufacturing capacity and a growing presence across the Asia Pacific region.

Cobre Ltd (ASX: CBE)

Cobre was the other ASX share that Wilson Asset Management mentioned from the WAM Active portfolio. WAM described Cobre as a global copper company focused on exploration and production in Chile's Atacama region and Botswana's Kalahari Copper Belt.

The fund manager noted that the Cobre share price rose strongly during the month after several positive corporate developments.

Pleasingly, the company was included in the MSCI Global Micro Cap Index, which is expected to enhance the ASX share's profile among international investors and support broader institutional ownership. Its inclusion took effect on 1 September 2026.

On 10 August, Rothschild & Co was appointed as a strategic advisor to further develop the company's capital markets positioning.

At the end of the month, Cobre also strengthened its position in the Sierra Atacama copper project by securing majority ownership and increasing its exposure to future production and cash flow.

Looking ahead, WAM continues to see value in Cobre, driven by its growing exposure to the Sierra Atacama copper project and multiple operational catalysts in the coming months.

Of course, these aren't the only ASX shares out there that could be great buys today.

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Growth Shares

5 mini houses on a pile of coins.
Growth Shares

How much could the REA Group share price rise in the next year?

Can REA Group deliver good returns?

Read more »

A young farnmer raise his arms to the sky as he stands in a lush field of wheat or farmland.
Growth Shares

PLS Group vs Zip: Which ASX share could be a 10-bagger?

Which of PLS Group and Zip is better positioned to deliver truly explosive long-term returns? Here’s my candid take for…

Read more »

Happy girl holding a plant and soil in front of ascending piles of coins.
Growth Shares

3 ASX 200 shares I think could rise more than 10% in a year

I think these three ASX shares have enough going for them to outperform over the next 12 months.

Read more »

Two colleagues looking at a graph and comparing share prices.
Growth Shares

These 3 ASX shares have the ingredients of long-term compounders

These shares could be well-positioned for growth in the future. Let's see why.

Read more »

Red buy button on an Apple keyboard with a finger on it.
Growth Shares

2 ASX shares highly recommended to buy: Experts

Experts are loving the excitement of these stocks.

Read more »

Hour glass next to pile of coins and notes.
Growth Shares

2 top ASX shares to buy and hold for the next decade

These investments have very exciting futures.

Read more »

a graph indicating escalating results
Growth Shares

A rare buying opportunity in 1 of Australia's top shares?

I think this is a great time to invest in this stock…

Read more »

A financial expert or broker looks worried as he checks out a graph showing market volatility.
Growth Shares

A leading fund just bought these top ASX 200 shares

These stocks could be top buys today…

Read more »