Pick and mix: Asian water stocks in 2005

China's privatisation drive in water and wastewater has been a boon to regional water stocks.

Last year saw the public listing of a number of Asian water companies: Asia Water Technology (Asia Water) was launched on the Singapore exchange, while the Manila Water Company was listed in the Philippines. The companies are very different in ownership, strategy and style but both are managing to prosper in the large but difficult Asian water and wastewater markets.

China remains the key...

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