Top 3 ASX Buys for FY27

The following three ASX stocks are solid picks for FY27 as each is executing a clear business improvement strategy that could drive stronger earnings and significant share price gains.

CSL Limited (ASX: CSL)

CSL Limited (ASX: CSL) has surged 20% over the past month which is due to renewed investor confidence but the stock is still down 51% over the past 12 months. It is one of the top ASX buys for FY27 because the shares have strong upside potential if they return to their previous highs.

CSL expects FY26 revenue of about US$15.2 billion and underlying NPATA of around US$3.1 billion while its recent strategic review also showed positive early signs across the core business and management confirmed that demand for plasma therapies and influenza vaccines is strong despite temporary headwinds.

The company has also launched a broad transformation program which aims to simplify operations and achieve annual cost savings of US$500 million to US$550 million by FY28 while plasma collections and new product launches continue to progress.

Management is following a disciplined capital allocation strategy because it plans to reinvest in high-return growth opportunities and maintain the company's leadership in global plasma therapies and specialty biopharmaceuticals.

CSL has a market capitalisation of $55.72 billion and the recent weakness in the share price could therefore offer an attractive opportunity for investors who want exposure to one of Australia's highest-quality healthcare companies.

NEXTDC Limited (ASX: NXT)

NEXTDC Limited (ASX: NXT) is one of the top ASX buys for FY27 because the global AI boom is expected to continue into FY27 and in the first half of FY26 delivered total revenue of $231.8 million which was up 13% while underlying EBITDA rose 9% to $115.3 million.

Management has reaffirmed FY26 net revenue guidance of $390 million to $400 million and underlying EBITDA guidance of $230 million to $240 million while also raising capital expenditure guidance to meet unprecedented customer demand and expand capacity across its data centre network.

The company expects elevated investment through FY27 which includes around $5 billion of forecast capital expenditure as it speeds up development at its Western Sydney facilities to meet high demand from hyperscale cloud providers and artificial intelligence customers.

NEXTDC has a market capitalisation of $11.15 billion along with a record order book and strong liquidity which provide a solid foundation for future growth.

Treasury Wine Estates Limited (ASX: TWE)

Treasury Wine Estates Limited (ASX: TWE) is one of the Top ASX buys for FY27 because management has introduced a broad transformation strategy that is focused on premium brands and stronger long term financial returns while its current market capitalisation of $3.78 billion offers an attractive entry point as the stock is down around 40% from its highs over the past 12 months.

Power Brands now contribute 54% of net sales revenue and 72% of gross profit which shows the importance of premium brands in improving earnings quality and profitability.

TWE has also introduced its ASCENT strategy which has an aim to create a more focused market centred and financially stronger business while targeting about $100 million in annual cost reductions from FY29 with benefits expected to begin from FY27.

The company's strategy focuses on luxury wines and premiumisation which aligns with long-term consumer trends and creates multiple growth opportunities across its global markets.

The stock has already rebounded 10.3% over the past 12 months but it still trades well below its previous highs and if Treasury Wine Estates successfully executes its transformation strategy and returns to those levels, investors could generate an attractive return during FY27.

(Source: Company Announcements)