If you’ve saved up a bit of cash and want to invest, you might have your eye on some ASX 200 shares trading cheaply.
Here are a couple of my top picks that you can snap up for under $10 per share today.
2 ASX 200 shares to buy for under $10
Harvey Norman Holdings Ltd (ASX: HVN) has been a bit of a surprise packet in 2020.
The Aussie retailer recently announced booming sales during the early stages of coronavirus restrictions. Aussie workers forced to work from home have been stocking up on office supplies and electronics from the Aussie retailer.
This sales boost even saw the ASX 200 retail share announce a 6 cents per share special dividend last week.
That’s good news for shareholders and we could see that trend continue if work from home becomes the ‘new normal’. The Harvey Norman share price is trading at $3.54 per share right now and could be a bargain buy.
Harvey Norman isn’t the only ASX 200 share that could be a steal for under $10. I also like the look of Mirvac Group (ASX: MGR) shares right now.
The Mirvac share price is trading at $2.36 per share after falling 25.8% lower this year.
Mirvac is a diversified real estate company with interests in residential, commercial and industrial assets. The Aussie developer has been hammered by the recent bear market with investors still unsure where the real estate sector is headed.
However, as the great Warren Buffett says, “be greedy when others are fearful“.
There’s no doubt investors are fearful right now with the S&P/ASX 200 Index (ASX: XJO) rocketing despite the bleak economic environment amid the pandemic. If you’re bullish on real estate, Mirvac could be a good ASX 200 share to buy.
The group still has a market capitalisation of $9.4 billion and trades at a price to earnings (P/E) ratio of 9.3.
The big question mark for me is the end of government stimulus measures later this year. These include mortgage holidays and payments to Aussie businesses and workers. That could put some stress on the real estate sector.
However, no one knows the future. We could just as easily see an extension of stimulus measures towards the end of the year.
Foolish takeaway
These are just a couple of ASX 200 shares that could be of good value for under $10 per share.
For more ASX shares trading cheaply today, check out these 5 ASX shares for under $5 today!
We hear it over and over from investors, “I wish I had bought Altium or Afterpay when they were first recommended by The Motley Fool. I’d be sitting on a gold mine!” And it’s true.
And while Altium and Afterpay have had a good run, we think these 5 other stocks are screaming buys. And you can buy them now for less than $5 a share!
*Extreme Opportunities returns as of June 5th 2020
More reading
- Why we may be in danger of another coronavirus ASX market crash
- These were the best performing shares on the ASX 200 last week
- Why the Nearmap share price and one other are on my buy list
- 3 ASX dividend kings to buy and hold forever
- Got $20,000? These are the ASX shares I’d buy during COVID-19
Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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