As self-managed super funds (SMSFs) continue to gain traction among Australian investors, the search for high-quality ASX shares becomes increasingly pertinent. Offering investors the flexibility to tailor their portfolios to individual goals and risk appetites, SMSFs are particularly attractive for those with a long-term investment horizon. Analysts have identified three standout ASX shares that could be valuable additions to such portfolios: Coles Group Ltd, ResMed, and Treasury Wine Estates Ltd.
Coles Group Ltd: A Staple in Australian Households
Coles Group Ltd (ASX: COL) stands as one of Australia’s leading supermarket operators, playing an essential role in the daily lives of Australians. The company boasts a resilient business model, underpinned by consistent demand for groceries and household essentials. Its large scale, efficient supply chain, and strong brand recognition provide a durable competitive edge over smaller competitors.
Coles is not resting on its laurels. The company is actively pursuing initiatives to enhance productivity and expand into higher-margin sectors, such as home brand products and digital retail. These strategies are expected to drive steady earnings growth over the long term. UBS analysts recently rated Coles shares as a buy, with a price target of $23.50.
ResMed: Innovating in Sleep Health
ResMed (ASX: RMD) is a global leader in sleep apnoea treatment and respiratory care, operating in a market that is both vast and underpenetrated. With over 2 billion people worldwide estimated to suffer from major sleep health issues, the potential for growth is significant. ResMed continues to innovate, developing new devices and software solutions that help patients manage their conditions more effectively and enable healthcare providers to deliver more efficient care.
ResMed’s strong track record of growth, high margins, and leadership in a specialized market make it a compelling choice for SMSF portfolios focused on long-term wealth building. Macquarie analysts have given ResMed an outperform rating, with a price target of $48.60.
Treasury Wine Estates Ltd: Navigating Global Markets
Treasury Wine Estates Ltd (ASX: TWE) is one of the world’s largest wine companies, with a premium brand portfolio that includes renowned names like Penfolds, Wolf Blass, and Wynns. The company has a strong presence in Australia, the United States, and Asia, particularly in China, where recent trade tariff removals have reopened growth opportunities.
The company’s strategy focuses on expanding its premium and luxury wine segments, which offer higher margins and foster stronger brand loyalty. Despite current challenging trading conditions, analysts at Morgans believe that Treasury Wine Estates shares are undervalued, with a buy rating and a price target of $10.10.
Investment Implications and Future Outlook
Investing in these ASX shares offers SMSF investors the potential for long-term growth and stability. Coles’ robust business model, ResMed’s innovative edge, and Treasury Wine Estates’ strategic market positioning provide a diversified approach to building wealth. As SMSFs continue to grow in popularity, these shares represent a strategic choice for investors seeking to capitalize on emerging opportunities in the Australian market.
Looking ahead, the performance of these companies will likely be influenced by broader economic conditions, consumer trends, and regulatory changes. As always, investors should conduct thorough research and consider their individual financial circumstances before making investment decisions.
