Beacon Equity Research Rates NewMarket China (NMCH.OB) as a “Speculative Buy”
NewMarket China is headquartered in the U.S. with its primary operations based in China. The company is primarily a systems integrator and value-added reseller of major Chinese global hardware brands. It also provides offshore software development and maintenance services. Some of the highlights brought out by the analyst include: being established in a rapidly growing industry, a high level of technical expertise, multiple joint services contracts signed, and an exclusive distributor for an IPTV Service. NewMarket plans to capitalize on these strengths as it becomes a major player in the IT and technology services outsourcing market. The company is expected…
