Investment Ideas: October 24, 2024

Here is our report for today, October 24, 2024, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Dollar-denominated bonds from high-quality issuers, including a Southeast Asian real estate developer and a Korean development bank, are offering yields between 4.5-5.3%. On the local currency front, Philippine government securities across various tenors (5-20 years) present yields ranging from 5.7% to 6.0%, providing attractive opportunities for peso investors.
• Stock Recommendations: Our equity analysis highlights three distinct positions: an overweight stance on a renewable energy company targeting significant capacity expansion, a neutral position on a consumer goods manufacturer facing competitive pressures, and an underweight re