The U.S. within this week will announce the Producer Price Index (PPI) to stubbornly settle at the minus level—like a contagion or domino effect —diminish the Dow Jones, and finally daunt JCI’s exit path to the green. Investors take “whatever necessary” precaution against looming recession as they sell off their equity assets and binge on gold. So, that tailwinds bring benefits for gold miners. NHKSI on the basis of a 26.1x P/E trailing band recommends ANTM as the best performing stock to steady at the price target of IDR1,100.
Download full report HERE.