Here are 5 under the radar ASX 200 shares you probably never knew existed, but might be worth considering

Let’s take a look at 5 under the radar ASX 200 shares you probably never knew existed!

The ASX 200 is home to the top 10% of stocks on the ASX. Whilst many of them would be obvious and well known – the big banks, the big miners and even the biggest health and tech stocks like Cochlear and Xero – there are some that many investors wouldn’t know about. Let’s take a look at just a handful of them.

5 under the radar ASX 200 shares you probably never knew existed

BWP Trust (ASX:BWP)

Have you ever wondered who owns Bunnings warehouses? Not the owner of the Bunnings franchise (Wesfarmers) but the landlord of individual outlets. Most likely, it is a company called BWP. BWP is the landlord of 68 Bunnings stores, as well as another 14 other properties. For a couple of years, there was another Bunnings landlord on the ASX (Newmark Property Trust) but BWP bought it out within a couple of years of Newmark’s listing.

All up, BWP’s portfolio covers 260.7 hectares, is worth $3.6bn (a figure that grew $600m during CY24) and generates over $200m in annual rent. It expects to pay 9.46c per share for the second half of the year, on top of the 9.2c it paid for the first half of the year – yielding 5.2%.

Contact Energy (ASX:CEN)

Meet Aotearoa’s 2nd largest energy generator! At first glance, it may not appear to be an appetising prospect given the New Zealand economy is in the doldrums and it is exposed heavily to renewables – don’t renewables take up a lot of money? Perhaps, but this company has just about completed the transition with 86% renewable generation over the last 5 years (on average).

It has 5 geothermal stations, 2 hydrostations, 1 controlled storage lake and 3 thermal peaking stations. But with only a 20% market share, there is room to grow. During 1H25, the company made $404m revenue (up 12%) and a $142m profit (down 7%).

News Corp (ASX:NWS)

Yes, you have most likely heard of News Corp (or perhaps just some of its owned publications or outlets in Australia), but you probably didn’t know it has CDIs listed in Australia. Basically CDIs are financial instruments representing shares, enabling Australian investors to effectively own shares but without being subject to US taxation laws.

It is a fascinating time for the company, facing a future without patriach Rupert Murdoch at the helm and a reckoning with the rise of streaming. It sold Foxtel to DAZN for $3.4bn whilst buying Oxford Analytica and Dragonfly Intelligence. You may not know this, but it also owns REA Group and Dow Jones, and both of these have been growth engines in the last few quarters.

Tuas (ASX:TUA)

This company is a Singaporean telco that was owned by TPG but got demerged following the latter’s merger with Vodafone. The company has nearly tripled its half yearly revenue in the last 3 years, upped its EBITDA by over 5 times (from $6.3m to $33.1m) and just made its maiden half-yearly profit.

Similar to Aussie Broadband (ASX:ABB) in Australia, Tuas has focused on offering great value for money offering a reasonable price, but high speed. The key catalyst for this company will be achieving its maiden full-year profit which is anticipated in its next set of annual results, due in August.

Reliance (ASX:RWC)

We have talked about this company a bit before, so some of our regular readers may know about this one. But we think most investors don’t know about it. This company, which began in Brisbane in 1949, makes plumbing maintenance products. Its flagship Sharkbite devices are PTC (Push to connect) behind the wall plumbing fittings. They avoid the traditional soldering of parts into place, saving plumbers time.

Reliance Worldwide has begun to feel the pinch of inflation, but we are optimistic that the easing of interest rates will help economic sentiment – as is the company.

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