Investment Ideas: January 3, 2025 

Here is our report for today, January 3, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: The dollar-denominated bond market currently offers yields between 4.859% and 5.503% for maturities ranging from 2026 to 2030. In the peso-denominated space, yields are notably higher, ranging from 5.905% to 6.155% for maturities between 2025 and 2031, with government retail treasury bonds dominating the offerings.
• 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 consum