Water babies in play – It is one of the ironies of life that despite 70% of the Earth’s surface being covered with water, the world is facing a potential water crisis today. This situation is especially prevalent in populous countries such as China and India, which also account for the numerous SGX‐listed companies tapping into the demand for water infrastructure. While our own home‐grown Hyflux and China‐based Sound Global represent the two most notable companies in this space, some of these smaller firms could generate exponential growth for investors. After all, Hyflux was listed less than 10 years ago with a market capitalisation of just $54m!