Prudence dominates 2008 results season

• From: Vol 10, Issue 3 (March 2009)
• Category: General
• Country: France, Spain, United Kingdom and United States
• Related Companies: Acea, Agbar, American Water, Asia Environment Holdings, Asia Water Technology, Bio-Treat Technology, Boenning & Scattergood, Brite-Tech, Calgon Carbon, Cascal, Christ Water Technology, Consolidated Water, Darco, Dayen Environmental, Energy Recovery Inc, Hyflux, ITT, Janney Montgomery Scott, Kurita Water Industries, Modern Water, Nalco, PBA Holdings Bhd, Pennichuck Water, Pentair, Puncak Niaga, Ranhill Utilities, Sabesp, Severn Trent, Sinomem Technology, SJW Corp, Suez Environment , Thai Tap Water Supply, United Utilities and Veolia

Weak results may have contributed to this month’s fall in the GWI Water Index, but prudence is the name of the game as far as outlooks for 2009 are concerned.

Water stocks tracked the MSCI World index down this month, as the GWI Global Water Index fell by 14.5% to its lowest ever level.

The month was dominated by results announcements, and although poor fullyear figures are likely to have sparked the share price declines at a number of the small-cap Asian water companies, a number of stocks seem ...