Asian stocks: the dragon rises again
- From: Vol 11, Issue 1 (January 2010)
- Category: General
- Region: Asia
- Country: China and India
- Related Companies: Asia Environment Holdings, Asia Water Technology, Beijing Capital Group, Bio-Treat Technology, Boustead, CIMB Investment Bank, Darco, Dayen Environmental, DBS Bank, Eastern Water, ePure International, Hyflux, JAKS Resources Bhd, Keppel Corp, Kurita Water Industries, Manila Water Company, Puncak Niaga Holdings, Ranhill Utilities, Salcon Bhd, SembCorp Utilities, Shanghai Industrial Holdings, Sinomem Technology, Thai Tap Water Supply, Tianjin Capital Environmental Co, Tri-Tech Holding, United Envirotech and VA Tech (Wabag)
The resurgence in Asian listed water stocks last year was supported by renewed access to capital. The new environment could encourage more companies to recycle capital by spinning out business trusts.
After plunging by 47.5% in 2008, the Asian segment of the GWI Water Index rose 43% in 2009, although it still underperformed several of the region’s major stock indices (Singapore’s Straits Times Index was up 64%, for example, while the Shanghai Composite rose 80%).
Singapore-listed wastewater BOT and advanced membrane materials specialist Sinomem was the star performer ...
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