Investment Ideas: January 2, 2025

Here is our report for today, January 2, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: In the dollar-denominated space, yields range from 4.968% to 5.503% for bonds maturing between 2026 and 2030. The peso-denominated market shows higher yields, ranging from 5.905% to 6.155% for retail treasury bonds and fixed-rate treasury notes.
• Stock Recommendations: Our equity analysis highlights three key Philippine companies with varying outlooks. We maintain an OVERWEIGHT position on a major power utility company due to its promising renewable energy projects. Conversely, we recommend UNDERWEIGHT positions on two conglomerates – one facing challenges in consumer products amid inflation pressures, and another dealing with external