Jinpan International is Over 75% Cheaper Than Every Comparable China-Listed Company

  • China-based electrical equipment maker Jinpan International’s CEO recently offered to buy all publicly held shares for $4.50, a small premium to their market price, but well below their fair value
  • The company is currently forecasting record sales for 2015 and had a record high order backlog at 6/30/15 despite weak end market conditions
  • Stock valuation (and buyout offer) is at a small fraction of comparable China-listed companies despite similar scale and operating performance

This report will cover major developments since my 7/1/15 article (Jinpan Is Over 80% Cheaper Than Comparable China-Listed Companies):

  • Updated valuations after the China market crash and 2Q results
  • New buyout offer
  • Recent trends in key end-markets
  • Risks and possibilities

Full Report:Jinpan International 102315 Koneko

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