Investment Ideas: January 31, 2025 

Here is our report for today, January 31, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Dollar-denominated bonds from high-quality issuers are offering yields between 4.709% and 5.406% for maturities ranging from 2026 to 2030. The peso-denominated government securities present higher yields, ranging from 5.630% to 5.980% with tenor periods ranging from 2025 to 2031.
• Stock Recommendations: We maintain an OVERWEIGHT stance on a major Philippine bank due to its compelling valuation and strong fundamentals. We have also upgraded our view to NEUTRAL on a conglomerate amid market headwinds, while maintaining an UNDERWEIGHT position on a gaming sector company.
• Spotlight: The iShares MSCI ACWI ETF emerges as a recommended inves