NMCH Forecasts $40M in Revenues for 2007
Shares of NewMarket China Inc. (OTCBB: NMCH) were trading flat today at 19 cents per share on volume of just over 85,000. The company announced today that it was rated by Beacon Equity Research as a "Speculative Buy" with a target price per share of $1.10. In the fourth quarter of 2006, NewMarket Technology Inc. (OTCBB: NMKT) reorganized its previously existing Chinese business operation into the publicly listed NewMarket China. Recently, the company filed its first annual report following the reorganization, reporting $29.5 million in revenue with a profit for fiscal year 2006. NewMarket China has also set 2007 revenue…