Investment Ideas: July 22, 2025

Here is our report for today, July 22, 2025, with some insights into various investment opportunities.

Here are some key highlights:

•  Bond Market Overview: Yields for dollar-denominated bonds range from 4.296% to 4.913%, with maturities stretching from November 2025 to May 2030. Peso-denominated bonds offer higher yields, from 5.330% to 6.465%, with maturities from August 2025 to January 2039.
• Stock Recommendations: We have an OVERWEIGHT view on a Philippine automotive and banking conglomerate, benefiting from robust vehicle sales momentum and strong contributions from its banking segment. A diversified conglomerate is rated NEUTRAL, as its mall segment saw a boost from store expansion and increasing volume sales, but a recent share placement announcement may put near-term pressure on the