Investment Ideas: January 6, 2025 

Here is our report for today, January 6, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Dollar-denominated bonds are showing yields ranging from 5.041% to 5.533% for maturities between 2028 and 2030, with Middle Eastern sovereign debt offering the highest yields. Meanwhile, peso-denominated retail treasury bonds are providing attractive returns between 5.930% and 6.155%, with longer-dated securities offering premium yields.
• 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 faci