WATER STOCKS REVIEW - Asian water in 2007 – the bull makes a splash
- From: Vol 9, Issue 1 (January 2008)
- Category: General
- Region: Asia
- Country: China
- Related Companies: Asia Environmental Holdings, Beijing Capital Group, Bio-Treat Technology, Boustead, Brite-Tech, Darco, Dayen Environmental, Eastern Water, Hyflux, Hyflux Water Trust, Jaks, JP Morgan, Manila Water Company, Qianjiang Water Resources, Quantum Hedge Fund, Ranhill Utilities, Reyphon Agriceutical, Shandong Tianli Biochemical, Shanghai Industrial Holdings, Sinomem Technology and Tianjin Capital Environmental Co
Asia was again the pick of the bunch last year as far as listed water stocks were concerned. Those with Chinese exposure continue to look like a good bet, says Frédéric Blanc-Brude.
An investor holding a market cap-weighted portfolio of the 25 largest water companies in Asia (by market capitalisation) would have enjoyed gains of 98% last year. In 2006, the same portfolio would have returned just over 50%. Water stocks have exploded all over the region, but how much further will it go?
The big story this year is, again, China ...
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