3 Popular ASX 200 Stocks that moved down – BAL, RIO and ORA

ASX tech stocks - Kalkine Media

Bellamy’s Australia Limited (ASX: BAL) is under the consumer staples sector and is the distributor and producer of branded food product. It is engaged in organic foods and formula products for toddlers and babies. The company’s regions of operations include Australia, China/Hongkong and Other South East Asia and the products are distributed in Vietnam, Malaysia, Singapore, China, Hong Kong and New Zealand. Bellamy’s Organic Australia Pty Ltd, Bellamy’s Kitchen Pty Ltd, Yum Mum Pty Ltd and others are included in the company’s subsidiaries.

The company was incorporated in 2007 and is based in Cimitiere Street, Launceston, Australia. The baby-food maker’s revenue was said to be higher for the first half than the second half of 2018, which was driven by the winter consumption in China and Chinese New Year-driven demand. However, the Camperdown business has been slated to drag the performance with a loss of A$1-2 million now. The stock traded at a current market price of $9.780 and has seen a performance change of 30.84% over the past 12 months. The stock was down 5.14% on August 09, 2018 while regulatory uncertainties in China hover around the group and negative sentiments are on the rise.

RIO Tinto Limited (ASX: RIO) was incorporated in 1959 and is based in Collins Street, Melbourne, Australia. It is a company under metals and mining sector and is into production of gold, iron ore, coal, copper, aluminum, titanium dioxide, borates, and other minerals and metals. It also focuses on mining, finding and processing of mineral resources. Aluminum, Copper & Diamonds, Energy & Minerals, and Other Operations, Iron Ore are included in company’s segments.

The stock was trading at a current market price of $75.940 with a daily change of -$1.250 or a percentage change of -1.619% as at on August 09, 2018. The stock has seen a performance change of 16.87% over the past 12 months. To chase M&A opportunities, RIO Tinto’s boss is under no pressure from market or shareholders and says in the next 5 years the miner might not buy anything big. RIO has set a high threshold for such options to progress. Another focus was potential aluminum expansion and productivity and costs across all its business units for the miner. RIO continues to expect that the market demand would outdo the global GDP growth.

Orora Limited (ASX: ORA) is under material sector, employing 5,500 people across 122 sites in 7 countries. Orora is a leader in innovative packaging solutions. The company was incorporated in 1949 and is based in Burwood Road, Hawthorn, Australia. It provides a range of solutions including manufacture and design of packaging products. Orora North America, Orora Australasia

and Other are few of the company’s segments. The stock was trading at a current market price of $3.46 (down 3.62% on August 09, 2018) and has seen a performance change of 31% over the past 12 months. The CEO of Orora said that the industry has seen a lot of uncertainty with high energy costs and has not benefitted by the abundant natural resources. The company’s FY18 net profit after tax has otherwise jumped up to $212.2 million.

Sponsored ad by Kalkine

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report


Please enter your comment!
Please enter your name here