Share prices are changing all the time, giving investors the opportunity to buy (and sell). When ASX shares are trading near 52-week lows, they could be particularly attractive buys.

Of course, there’s a danger they could fall even further from here. But, even if they do, the two ASX shares I want to highlight look like they could materially climb over the next two or three years.

I’m bullish on the two stocks below and optimistic they can bounce back.

ARB Corporation Ltd (ASX: ARB)

The business claims to be Australia’s largest manufacturer and distributor of 4WD accessories which are made to perform in harsh environments. It distributes its products to more than 100 countries.

A significant portion of the company’s products are manufactured in Thailand, where costs are denominated in the Thai baht. The weaker Australian dollar hurt margins in the FY26 first half and this is part of what has sent the ARB share price down by more than 50% since August 2025.

I believe this decline could be a great time to invest. As Warren Buffett once said, be fearful when others are greedy and greedy when others are fearful.

The company believes there a number of elements that could help the company’s long-term success. That includes the expansion of the Australian and New Zealand aftermarket, with new and upgraded retail stores and stockists, and the launch of the new e-commerce sites.

Next, the company highlighted developments in both distribution and product dedicated to the USA market.

ARB also noted increased distribution and manufacturing capacity to accommodate future growth. It also highlighted a pipeline of new product developments and releases.

According to the projection on Commsec, the ARB share price is valued at 17x FY26’s estimated earnings and 15x FY27’s estimated earnings.

Tuas Ltd (ASX: TUA)

Another ASX share that I think looks very undervalued in my opinion is the Singapore-based ASX telco share.

At the time of writing, it has writing more than 60% since mid-May. Ouch. It’s close to its 52-week low.

The Infocomm Media Development Authority of Singapore (IMDA) said it had learned that Simba may have been using radio frequency bands it was not authorised to use. This led to the termination of the M1 acquisition, leaving Tuas with a lot more shares (and a large cash balance) compared to before the attempted acquisition.

I don’t think this will stop the business operating in Singapore and it hopefully won’t slow the company’s growth in Singapore too much. The Tuas share price looks undervalued for how much regular profit it’s generating, plus it can grow in other ways with that cash pile, such as expanding internationally.

In the FY26 first half, the company reported revenue growth of 26% and underlying operating (EBITDA) rose 27%. It grew revenue at a strong pace and the profit margin increased.

The business is making progress expanding its mobile and broadband user base, which is helping its top line and bottom line. It’s already very profitable on a cash flow basis – HY26 operating cash flow was $50.1 million. This can be used to improve the business in the coming periods. 

Despite the setback, I think this ASX share can bounce back from near its 52-week lows.

The post 2 ASX shares near 52-week lows I’d buy today appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Tuas. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ARB Corporation. The Motley Fool Australia has recommended ARB Corporation. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

AIC Mines Ltd (ASX: A1M) shares had a day to forget on Thursday.

The ASX copper stock ended the day around 18% lower at 67 cents.

What happened?

Investors were hitting the sell button following the release of the company’s quarterly update, which revealed higher than expected costs at the Eloise copper mine.

Commenting on the update, Bell Potter said:

A1M has met production and cost guidance for its 3rd consecutive year. At its 100%- owned Eloise Copper Mine in QLD, A1M has reported production for the June 2026 quarter of 3,106t copper in concentrate plus 1,605oz gold at All-In-Sustaining-Costs (AISC) of A$6.15/lb (vs BPe 3,299t Cu in concentrate plus 1,389oz Au at A$4.51/lb). Compared with our numbers, this was a slight miss on copper, a beat on gold, but costs were a negative surprise and the highest reported from Eloise under A1M’s ownership.

Bell Potter has also been looking at the ASX copper stock’s expansion plans and is pleased with its progress. However, it concedes that AIC Mines’ higher costs has raised concerns that it may have to raise capital to fund the expansion. It said:

We recently attended a site visit to Eloise and returned comfortable with the view that the mine expansion is on schedule and mill commissioning will commence as planned in the December quarter 2026. This timeline was reiterated by A1M with the June quarterly report, albeit with some non-critical-path delays. A1M will also provide an updated outlook on 20 July 2026 covering FY27, FY28 and FY29 production targets. 

We anticipate this will include an update on a staged expansion from 1.1Mtpa to 1.5Mtpa, which is already partially catered for with the current expansion to 1.1Mtpa. On our current forecasts the expansion is fully funded. However, the higher costs reported in this quarterly have caused, in our view, some in the market to question this and it being a factor in today’s negative share price reaction.

Should you buy this ASX copper stock?

According to the note, the broker has retained its buy rating on AIC Mines’ shares with a reduced price target of 90 cents.

Based on its current share price of 67 cents, this implies potential upside of 34% for investors over the next 12 months.

Commenting on its buy thesis, Bell Potter said:

EPS changes with this update are: FY26: -13%, FY27: -8% and FY28: -9%, on the softer June quarter, forecast higher underlying unit costs, and slightly lower production. A1M represents leveraged, unhedged copper exposure via its Eloise Copper Project with a clear, organic growth strategy being advanced. It has a strong track record of delivery to guidance and a well-credentialed management team. We retain our Buy recommendation on a lowered NPV-based target price of $0.90/sh.

The post Why this ASX copper stock could rise 30%+ in 12 months appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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 no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The ASX stock APA Group (ASX: APA) continues to deliver a very pleasing level of passive income, particularly for investors targeting resilient payouts each year.

APA has one of the best records when it comes to regular payout growth, as well as its impressive asset base.

The business owns a number of important energy assets, including gas pipelines, electricity transmission, gas power stations, gas processing, gas storage, solar farms and wind farms.

Thanks to the essential nature of its portfolio, the business has been able to deliver investors a pleasing level of passive income.

Great passive income track record

APA has increased its distribution every year since 2004, which is the second-longest streak on the ASX for consistent growth of dividend payouts.

The business has kept up this payout growth whilst regularly investing in more assets for its portfolio. For example, in recent times it has announced more gas pipelines, as well as a gas peaking power plant in Queensland.

Each asset it builds/acquires, meaning it adds to APA’s ability to generate more cash flow. APA pays for its distribution from the cash flow it makes, so a growing portfolio is good news for investors wanting larger payouts.

Another positive for income-seeking investors is the fact that most of APA’s revenue is linked to inflation, so it’s benefiting from regular growth and can help offset the negatives of higher inflation for investors.

APA does not pay a distribution every month, though it does pay every six months. I think it would be better to think of the goal as an annual target and then divide the amount into 12 equal amounts.

$200 per month translates into an annual goal of $2,400 per year. I’m expecting the business to increase its annual payout to at least 59 cents per security in FY27.

To receive $2,400 per year based on the potential FY27 payout, an investor would need to buy 4,068 APA shares.

In my view, the business has a promising future and can continue expanding its energy portfolio for the foreseeable future as Australia looks to other energy sources to replace coal over the next decade.

The post I’d buy 4,068 shares of this ASX stock to aim for $200 a month of passive income appeared first on The Motley Fool Australia.

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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 positions in and has recommended Apa Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.