Investment Ideas: January 23, 2025

Here is our report for today, January 23, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: We have a diverse selection of dollar-denominated bonds from various issuers offering yields between 4.834% and 5.470%. The peso-denominated retail treasury bonds and fixed-rate treasury notes present higher yields ranging from 5.685% to 6.150%, providing opportunities across different investment horizons.
• Stock Recommendations: We highlight three key players: an electric utility company rated OVERWEIGHT (4.1% of PSEi) due to its attractive dividend yield and defensive characteristics; a diversified power company rated NEUTRAL (2.5% of PSEi) with significant utility exposure trading at attractive valuations; and a conglomerate rated