Asian water investment bubble bursts
- From: Vol 10, Issue 1 (January 2009)
- Category: General
- Region: Asia
- Country: China and Singapore
- Related Companies: Asia Environment Holdings, Bio-Treat Technology, Boustead, Brite-Tech, Darco, Dayen Environmental, Eastern Water, ePure International, Hyflux, Keppel Corp, Kurita Water Industries, Manila Water Company, Ranhill Utilities, Thai Tap Water Supply and Tianjin Capital Environmental Co
After the dizzy highs of 2007, Asian water stocks haemorrhaged in 2008, showing the greatest regional decline. What are the chances for recovery in 2009?
In our 2007 review, GWI asked how much further Asian water stocks could rise, after posting market-beating gains of nearly 100% in 2007 and 50% in 2006. It seems that they had already reached their zenith.
The Asian stocks bubble well and truly burst in 2008, as our market-cap weighted portfolio of 26 stocks declined by 47.5% – the most ...
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