11 articles about "Sanepar"
Water stocks tracked the wider market down this month, with Europe and Asia coming off particularly badly. Meanwhile, a slew of initial public offerings will add new depth to the investment opportunities on offer.
Veolia and Suez Environnement were among the top performers on the GWI Global Water Index this month. With no US sell-side analysts now covering Veolia, how long before its ADRs are delisted?
The valuation premia attached to quoted Brazilian water companies in 2011 ensured a healthy outperformance across the board. The sector beat the iBovespa index by more than 40%.
In theory, water stocks outperformed the market in 2011. In practice, the main specialist water funds struggled to match the GWI Water Index, and investors continued to move away from the sector. What is the outlook for 2012?
The Brazilian water concessionaire is poised to take on new shareholders ahead of a possible IPO revival. Alexandre Spatuzza reports from São Paulo.
After last month’s carnage, water stocks more than held their own against the benchmark MSCI World Index this month. Wabag fared the worst, as investors knee-jerked over the company’s perceived exposure to Libya.
An essentially flat month for water stocks belied the wider contagion in the markets. Meanwhile, renewed hopes of a new M&A wave in the UK regulated water sector were short-lived.
Steady rises in all segments of the GWI water index this month have taken the benchmark to its highest level since August 2008. IPO activity in Asia bodes well for the sector’s perception amongst regional equity investors.
The relative outperformance of Copasa versus Sabesp on the Brazilian stock market last year was partly down to greater clarity over tariff reform in Minas Gerais state. The tables were turned in early January 2010, however.
The shares of the listed Brazilian water companies fell in line with the market last year. Access to capital will prove a key driver for future investment flows.