JST becomes the largest cast resin transformer manufacturer in China
China: Jinpan International (JST), a custom transformer manufacturer, is starting to benefit from growing Chinese electric demand, writes Seeking Alpha.
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China: Jinpan International (JST), a custom transformer manufacturer, is starting to benefit from growing Chinese electric demand, writes Seeking Alpha.
Their 5-year investment in expanded and automated manufacturing capacity is now paying off as Jinpan International is currently the largest cast resin transformer manufacturer in China, by capacity.
The manufacturer’s operating margins are expected to grow to 10%, sustainable earnings growth of 15%. Jinpan trades at a steep discount to its tangible book value of $11.62 and has no debt.
Jinpan International started in 1998 and is audited by Grant Thorton. The manufacturer is not affected by the recent SEC suspension on other Big 4 auditors in China. Investment analysts are certainly fond of Jinpan lately and the manufacturer is expected to expand further.
Source: Seeking Alpha
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