The comeback kings of the water world
- From: Vol 9, Issue 11 (November 2008)
- Category: General
- Region: Unspecified
- Country:
- Related Companies: Agbar, American Water, Basin Water, Bio-Treat Technology, Boustead, Cascal, Christ Water Technology, Energy Recovery Inc, ePure International, Hyflux, ITT, Kurita Water Industries, Modern Water, Nalco, Northumbrian Water, Pall Corp, Sabesp, Severn Trent, Southwest Water, United Envirotech and United Utilities
Quoted water stocks reversed some of the losses they incurred last month, despite a profit warning from Veolia. Profitability challenges have put the company’s acquisition strategy on hold for the time being.
Water stocks shook off the mantle of gloom this month, outperforming a number of the major indices by appreciable margins. The GWI Global Water Index was up 11.4%, beating the MSCI World Index by more than 8%.
Asian companies led the way, occupying five of the top ten best performing stock slots this month, though the UK listed water ...
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