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ASX Top 200 Stocks Down Under 16 August 2021: Breville Group, Beach Energy, New Hope Corporation
Breville Group: If you can’t take the heat, get out of the kitchen
In today’s edition of ASX Top 200 Stocks Down Under, when we last wrote about Sydney-based Breville Group on 21 February 2020, the stock was just beginning what would be a sharp COVID-19 descent. After it plunged to nearly $10, the designer and manufacturer of small kitchen appliances rallied to a fresh all-time high above $30 as consumers spent more time cooking at home driving solid top line growth. However, it also drove Breville’s valuation to new heights, which along with a declining profitability trend are reasons to stay out of the kitchen.
Also in today’s edition, a look at oil and gas explorer Beach Energy (ASX: BPT) and coal miner the New Hope Corporation (ASX: NHC).
Click here to read the previous edition of ASX Top 200 Stocks Down Under published 9 August 2021