Consolidation reduces pool of water stocks
- From: Vol 11, Issue 7 (July 2010)
- Category: Analysis
- Region: Asia
- Country: China
- Related Companies: Agbar, Cascal, Metito, Sound Group and VA Tech (Wabag)
Ongoing merger activity in the water industry is threatening to reduce the universe of investible stocks. Who will step up to fill the gap?
The GWI Global Water Index posted a weighted gain of 1.8% this month, narrowly outperforming the benchmark MSCI World Index, which was up 1.5%.
Asian stocks generally did well, with the exception of Singapore-listed SoundGlobal, and the trio of Chinese listed water stocks covered by the GWI Index. Sound- Global shares plunged by 10% after it postponed a ...
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