Follow the Money in International Water IPO’s; ($5328.KL) ( $EIEL.NS) ( $COXG.MC)

 

 

 

 

Follow the Money in International Water IPO’s; ($5328.KL) ( $EIEL.NS) ( $COXG.MC)

 

 

December 3, 2024 – (Investorideas.com Newswire) Investorideas.com, a global news source and expert investing resource covering water and renewable energy stocks issues a new edition of the Investorideas.com Cleantech Podcast with host Dawn Van Zant. The Cleantech Podcast features cleantech/renewable stock news and interviews with thought leaders about solutions for our planet.

 

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Read this in full at https://www.investorideas.com/news/2024/cleantech-podcasts/12031International-Water-IPOs.asp

 

Transcript:

 

Water stocks are not often thought of as sexy to investors, but a few foreign water IPO’s might say otherwise.

 

The Star reported that ”Sabah-based Life Water Bhd, (5328.KL) trading on the Kuala Lumpur Stock Exchange opened 18.46% higher than its IPO price as it made its debut on the Main Market of Bursa Malaysia.

 

The beverage manufacturer rose to 0. 77 a share at the start of trading, representing a 12 cent premium over its IPO price.”

 

There was no shortage of trading interest for the stock, which hit an intra-morning high of 87 cents a share after 111.48 million shares crossed, which put it at the top of the actives list.

 

According to Edge Malyasia, “The applications received comprised 6,814 applications for 275.66 million new shares under the Bumiputera allocation, which represents an oversubscription rate of 22.3 times, and 9,258 applications for 509.72 new shares under the non-Bumiputera portion, which represents an oversubscription rate of 42.09 times.”

 

The stock is down from its euphoric highs with a 52 Week Range of 0.7600 - 1.0100.

 

Life Water , an investment holding company, manufactures and sells drinking water, carbonated drinks, and other drinks in Malaysia. It also manufactures and sells plastic bottles, preforms, caps, and related products. In addition, it offers transportation services.

 

Enviro Infra Engineers (EIEL.NS) listed at a 50% premium over issue price on the NSE (National Stock Exchange of India Ltd).

 

Enviro Infra Engineers Limited engages in the design, construction, operation, and maintenance of water and wastewater treatment plants (WWTPs) and water supply scheme projects (WSSPs) for government authorities and bodies in India. Its WWTPs includes sewage treatment plants with sewage network schemes and common effluent treatment plants; and WSSPs includes water treatment plants with pumping stations and laying of pipelines for water supply. The company was incorporated in 2009 and is based in Delhi, India.

 

Cox ABG Group SA (COXG.MC) was the exception and their shares fell following a $185 Million IPO. The stock is back in an upward trend and has a 52 Week Range of 8.70 - 10.96.

 

Cox Abg Group SA is a Spain based company primarily engaged in the electric utilities industry. The Company's main activities are developing, planning, marketing, establishing and/or operating projects, photovoltaic systems, wind or water generators and all types of equipment, systems and generation elements of all kinds. Cox Abg Group completed projects in countries such as the United Arab Emirates, Morocco, Saudi Arabia and Ghana.

 

Water investing is often underplayed – nice to see there is a global demand for the sector- after all, we can’t live without it!    

 

Thanks, that's it for today. Do something good for this beautiful planet each and every day.

 

Host Dawn Van Zant is a female pioneer in the financial markets sitting in every seat as a trader, a broker, IR and PR before finally starting my own site. Van Zant has been featured in interviews in Business Week, CNN Financial TV, CBS Market watch radio and other financial publications online, radio and print, talking about renewable energy, water and homeland defense stocks.

 

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