BUZZ - Morningstar optimistic about strong performance in canning business, Australian Aurora shares rise

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October 16 - **Orora AustraliaORA.AX shares rose as much as 1.9% to A$1.375

** Morningstar analyst maintains fair value estimate for ORA at A$2.3, above previous session’s close; previously, following ORA’s FY27 Q1 trading update, its shares had dropped

** The investment research firm projects adjusted EBIT for FY27 will decline by 19% versus last year, citing lower sales in the Saverglass segment and higher manufacturing costs

** Believes the market is overly harsh on Saverglass, a segment that has already borne the brunt of US tariffs, cost-of-living pressures, and the impact of war in the Middle East

** Market sentiment has affected the outlook for Orora’s can production business, though Morningstar sees this business as having potential competitive advantages

** Orora is one of Australia’s largest can manufacturers and partners with companies such as Coca-Cola KO.N, Asahi Breweries 2502.T, and Suntory 2587.T

**Shares fell 2.7% this week, marking the worst weekly performance in a month

** Year-to-date, the stock is down a total of 37.7%, including the day’s price move

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