13 articles about "Sanepar"
After a stunning bull run, listed Brazilian water stocks finally retreated in 2013, as investors became increasingly frustrated with the regulatory impasse in key states. National elections later this year could shake things up a bit.
Texas voters approved Proposition 6 on 5th November, which released $2 billion in state funds in the form of low-interest loans aimed at water supply projects statewide.
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.