Friday, May 23, 2008

S''pore Water Plays To Ride China Demand - CS

[Dow Jones] Singapore water treatment companies are well placed to benefit from exposure to China''s growing demand for clean water, says Credit Suisse; says Beijing''s initiatives to address water supply issues such as wastewater treatment, environmental protection, water recycling are driving robust demand for water treatment facilities. Notes many Singapore water companies are active in China; "companies with good track records in China and differentiated capabilities are well-positioned to capitalize on the strong growth potential." Maintains Overweight call on Singapore water sector as whole with Hyflux Water Trust (D7TU.SG), Asia Environment (A58.SG), Epure (E6E.SG) rated Outperform, Hyflux (600.SG) rated Neutral

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