Jinpan Posts a Fantastic 3rd Quarter
Jinpan International(Amex:JST) is a company that builds insulation systems for high voltage wires in China. The company is new to US markets but today’s news seemed to hit a high note. Jinpan declared that the company’s 3rd quarter showed a profit of RMB 16.7 million($2.1 million) or $.32 per share. The company’s stock jumped from around $15 this morning to $18 on closing which provided a total increase of over 34%. This is especially exciting news for US investors who have increased their demand for foreign investments since 2001 and have shown increasing interest in infrastructure investments such as energy throughout the previous years.