Investment Ideas: July 4, 2025 

Here is our report for today, July 4, 2025 with some insights into various investment opportunities.

Here are some key highlights.

• Bond Market Overview: Yields for dollar-denominated bonds currently range from 4.184% to 4.883% with maturities spanning from 2025 to 2030. Peso-denominated bonds offer higher yields, ranging from 5.800% to 6.240% for maturities between 2029 and 2035.
• Stock Recommendations: We have an OVERWEIGHT view on a Philippine bank, given its strong loan growth, benign asset quality, and prudent expansion into consumer loans which may support net interest margin expansion. A conglomerate is rated NEUTRAL, as its tobacco segment’s contribution decreased amid industry pricing pressures, despite outperforming the market year-to-date. We maintain an UNDERWEIGHT rating on a t