The dragon turns dangerous: Asian stocks in 2006

Frédéric Blanc-Brude assesses why Asian water stocks remain a fiery melting-pot for investors.

Five years ago, there was just one water stock traded on the Singapore stock exchange. Today there are 12, and almost all are exposed to the Chinese market. Hyflux is the largest, followed by Bio-Treat, Sinomem and ePure, the last of which floated as recently as October 2006.

Some of these stocks might be a good bet in the long ...

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