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.

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