Top 3 ASX Stocks with a Great Buying Opportunity

While sentiments remain weak, these Australian companies continue to improve their core business through innovation, execution and strategic investments.

WiseTech Global Limited (ASX: WTC)

delivered a strong half year result for FY26 with total revenue up by 76% YoY to US$672.0 million which is largely driven by the e2open acquisition. CargoWise revenue rose by 12% to US$372.4 million which is supported by continued global freight forwarder rollouts.

The increase in revenue was complemented by EBITDA as it rose by 31% to US$252.1 million, with a 38% margin while the core business maintained a high 51% organic EBITDA margin, underscoring strong scalability.

Operating cash flow went up by 14% to US$231.7 million and free cash flow up 24% to US$153.6 million which highlights solid cash generation. Underlying NPAT rose 2% to US$114.5 million which also supported a higher interim dividend of 6.8 US cents per share. Management reaffirmed FY26 guidance of US$1.39-1.44 billion revenue and US$550–585 million EBITDA.

WiseTech has a market capitalisation of $12.73 billion and is improving its moat through AI and pricing transformation with 95% of CargoWise customers migrated to Value Packs. e2open integration is ahead of plan as delivering US$50 million in synergies early while AI is expected to further lift efficiency. Despite this, the stock remains 70% below its peak which reflects sentiment rather than fundamentals.

Cochlear Limited (ASX: COH)

Cochlear Limited (ASX: COH) reported a softer FY26 first half result as the rollout of its Nucleus Nexa System impacted the sales in near term. Revenue of the company rose by 1% YoY to $1.176 billion whereas underlying net profit declined 9% to $194.8 million and EBIT fell 23% to $211.0 million.

The company has a market capitalization of $7.99 billion and despite the earnings pressure, it maintained its interim dividend at $2.15 per share which reflects management’s confidence in its operations.

Cochlear reduced its FY26 underlying net profit guidance following the weaker trading conditions to $290-330 million from $435-460 million which cites lower demand in developed markets, hospital capacity constraints and adverse currency movements. 

Although these factors have weighed on investor sentiment, the company continues to invest in innovation and market expansion. Cochlear remains fundamentally well-positioned for long-term growth despite short-term challenges which is supported by the Nexa platform, a strong global market position and continued R&D investment.

Lendlease Group (ASX: LLC)

Lendlease Group (ASX: LLC) continued to execute its strategic reset in the first half of FY26 despite reporting a statutory loss driven by property revaluations and impairments. Operating EBITDA came in at $204 million while management reaffirmed its FY26 earnings guidance.

The company also secured $4.7 billion of new Australian development projects, completed $4.4 billion of active portfolio management transactions and announced $3.0 billion of capital recycling initiatives which reinforces progress in simplifying the business and strengthening its balance sheet. LLC has a market capitalisation of $2.05 billion with a price-to-book ratio of 0.33 compared to industry median of 0.86, providing a margin of safety.

Recent announcements further highlight Lendlease’s focus on higher-return Australian developments which were supported by a robust pipeline across residential, commercial and infrastructure projects. While execution risks and elevated interest rates continue to pressure investor sentiment, the company’s ongoing capital recycling, improving project mix and disciplined balance-sheet strategy provide a stronger operational foundation than the share price currently reflects. 

With the stock still trading near multi-year lows it seems that much of the pessimism appears priced in whereas successful delivery of its development pipeline and restructuring strategy could support a meaningful re-rating over the medium term.
    
(Source: Company Announcements)