The ASX growth share space is a great place to find ideas that can help us outperform the wider stock market.

The smaller we go down the market capitalisation list, the more likely it is to find an undervalued business with a long growth runway, in my opinion.

Experts from the listed investment company (LIC) WAM Research Ltd (ASX: WAX) have outlined two businesses that could be ones to watch. The LIC looks for the most compelling, undervalued growth opportunities on the ASX.

Civmec Ltd (ASX: CVL)

WAM described Civmec as a founder-led, mining, construction and engineering services company based in Western Australia.

During June, the company announced its order book had reached $1.5 billion. Growth was supported by a series of new contract awards, panel agreement extensions and new orders across its resources, infrastructure, energy and maintenance activities.

Key project wins included a further package of work with Iluka Resources Ltd (ASX: ILU) at the Eneabba Rare Earths Refinery and the major construction contract for Perth Park, delivered through an alliance with Seymour Whyte and Aurecon.

The investment team at WAM believes these projects provide strong earnings visibility over the next two years. Wilson Asset Management also believes that the ASX growth share is well positioned to win significant defence contracts which are expected to come to market over the next two to three years.

WAM suggested that Vicmec’s ownership of strategic land at the Henderson precinct in Western Australia positions it well in tendering for these projects.

Reliance Worldwide Corporation Ltd (ASX: RWC)

The other ASX growth share that was highlighted in the WAM Research portfolio was plumbing supplies company Reliance, which has operations across Australia, Europe and North America.

WAM noted that during June, it announced the next stage of streamlining its manufacturing operations.

That plan includes the closure of its brass casting, forging and machining operations in Moorabbin and Braeside, Melbourne, along with additional smaller sites.

Those changes are expected to deliver a benefit to net annual operating profit (EBITDA) of approximately US$9 million across the group by the end of FY27.

WAM said the ASX growth share has suffered headwinds in recent years, including US tariffs and higher interest rates, but the investment team believe the outlook is improving as macroeconomic indicators begin to stabilise and the company resets its cost base.

In WAM’s view, this positions Reliance to grow earnings into FY27 and FY28. The fund manager sees potential for a rerating in the Reliance share price as earnings momentum improves.

The post 2 ASX growth shares with strong potential to buy 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 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.

If I had $10,000 to invest in Betashares exchange-traded funds (ETFs), I would want more than simple market exposure.

I would be looking for funds that give me access to different engines of long-term growth: global innovation, emerging economic scale, and local technology businesses trying to become much larger over time.

Here are three Betashares ETFs I would consider buying.

Betashares Nasdaq 100 ETF (ASX: NDQ)

The first ETF I would consider is one that gives investors exposure to some of the world’s most powerful businesses.

The NDQ ETF tracks the Nasdaq 100, which means it allows investors to buy a portion of companies shaping how the digital economy works.

I like this ETF because many of its holdings are not just selling products. They are building systems that other businesses and consumers rely on every day.

Search, cloud computing, semiconductors, digital advertising, productivity software, streaming, e-commerce, payments, and artificial intelligence all sit inside the broader Nasdaq story.

That makes this Betashares ETF more than a simple technology ETF in my mind. It is a way to invest in companies that keep finding new ways to turn scale, data, software, and user attention into earnings.

Betashares India Quality ETF (ASX: IIND)

The second ETF I would look at is focused on a market that feels very different to the usual developed-market options.

The IIND ETF gives investors exposure to Indian companies with quality characteristics.

What interests me about India is not just population size. It is the combination of rising incomes, expanding digital infrastructure, formalisation of the economy, and increasing demand for financial services, healthcare, consumer goods, and technology.

India has a long runway if more households enter the middle class, more businesses move into the formal economy, and more spending shifts through digital channels.

I also like that this Betashares ETF has a quality filter. Emerging markets can be volatile, and not every fast-growing company creates value for shareholders. A quality-focused approach can help tilt the portfolio toward businesses with stronger financial foundations.

Betashares S&P/ASX Australian Technology ETF (ASX: ATEC)

The final Betashares ETF I would consider is the most local of the three.

The ATEC ETF gives investors exposure to Australian technology companies.

I like this idea because Australia has produced some strong technology businesses, but they can be hard to pick individually. Some will disappoint, some may be acquired, and some may grow into much larger companies than investors expect. An ETF approach spreads that risk.

Its holdings include companies offering payments, logistics, accounting, real estate, data, software, and online marketplaces, which can all create value when they make customers faster, more efficient, or better informed.

Foolish takeaway

If I were investing $10,000 into Betashares ETFs, I would want the money working across different types of growth.

I like the idea of combining global digital leaders, India’s long-term economic development, and Australian technology companies trying to scale.

That mix would not be smooth every year. But I think it gives investors exposure to areas of the market where change can create real wealth over time.

For patient investors, I think these three Betashares ETFs could be strong long-term buys.

The post 3 Betashares ETFs I’d buy with $10,000 appeared first on The Motley Fool Australia.

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• Betashares Nasdaq 100 ETF: What stocks are actually in NDQ?
• 5 of the best investments on the ASX right now to complement your superannuation
• Are these some of the best Betashares ETFs to buy?
• SpaceX will be included in the Nasdaq index this week. Here’s what that means for ASX investors
• The best ASX ETFs to buy and hold for 10 years

Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Value investing is the core principle of many successful investors. 

This includes legendary investors like Warren Buffett. 

But it doesn’t take a mathematical genius to apply it to your own portfolio. 

The core ethos is simple: buy low and sell high.

You don’t have to time it to perfection 

There are plenty of strategies you might consider for your portfolio. However, one of the benefits of value investing is that you don’t need to time a purchase to perfection. 

All stocks go up and down, but when you apply a long-term strategy, there are instances where quality blue-chip companies fall too far, past fair value. 

This can happen even in the midst of real headwinds, and this is where value investors swoop in. 

It’s important to be less concerned with getting the perfect valuation, but rather focus on identifying companies whose long-term prospects remain intact despite short-term setbacks. 

When the market overreacts to temporary challenges, it can push the share price well below what the business is really worth. For investors willing to look beyond the next quarter or even year, those periods can provide some of the best buying opportunities.

With that in mind, here are three blue-chips that are offering compelling value opportunities right now. 

Light & Wonder Inc (ASX: LNW)

Light and Wonder is one of the largest ASX consumer discretionary companies. 

It develops technology-based products and services, as well as associated content. It operates through the following segments: Gaming, SciPlay, and iGaming.

In 2026, its share price has fallen 30%, and now appears to be a long-term value option. 

It currently trades for around $107 per share. 

This is almost 90% below recent targets from Macquarie. 

Furthermore, 22 analysts offering a one year price target via TradingView have an average target of $179.09 on this blue-chip stock. 

That indicates roughly 66% upside from current levels. 

JB Hi Fi Ltd (ASX: JBH)

Another blue-chip discretionary stock that could be a value play is JB Hi Fi. 

The specialty retailer of home entertainment and home appliance products has seen its share price fall 27% over the last year. 

It currently is trading at approximately $78 per share. 

However, Bell Potter currently has a buy rating on JB Hi-Fi shares with a price target of $87.

Of 15 analysts forecasts via TradingView, the highest targets sit at $98 per share. 

These targets indicate an upside between 11% and 25%. 

CSL Ltd (ASX: CSL)

CSL is the largest ASX healthcare stock by market cap. 

This is despite its share price tumbling nearly 50% in the last 12 months. 

While the company faces ongoing sector headwinds, this could be a long-term value play, as the stock now appears oversold. 

The underlying business remains strong as CSL maintains its position as one of the world’s largest plasma-derived therapies companies.

A recent target from Morgans indicates the share price is likely to recover in the long term. 

The broker has a buy rating and price target of $147.59 on this blue-chip stock. 

This indicates a 17% upside from current levels. 

The post 3 ASX blue-chip shares that could be strong long-term value plays appeared first on The Motley Fool Australia.

More reading

• Up 36%: Can CSL shares keep rebounding?
• Which ASX 200 sectors paid the highest dividend yields in FY26?
• Is CSL a fallen ASX giant to buy in July?
• The only 3 ASX blue-chip shares I’d buy and hold until 2036
• July is historically one of the best months for ASX shares. Can July FY27 deliver?

Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Light & Wonder Inc. The Motley Fool Australia has recommended CSL and Light & Wonder Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.