NewMarket China, Inc. (NMCHE.OB) Rated “Speculative Buy” by Beacon Equity Research
NewMarket Technology, Inc. (NMKT.OB) reports that its first independently listed subsidiary, NewMarket China, Inc. (NMCHE.OB) this week 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 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 goals of $40 million. The NewMarket China research report can be found in its…
