Investment Ideas: January 8, 2025

Here is our report for today, January 8, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: The peso-denominated bonds are showing higher yields compared to their dollar-denominated counterparts, with peso bonds yielding between 5.950% to 6.100% for maturities ranging from 2025 to 2031. Dollar-denominated bonds from various Middle Eastern, Southeast Asian, and Philippine issuers are offering yields between 5.127% to 5.488% for maturities between 2028 to 2030.
• Stock Recommendations: Our equity analysis covers three major Philippine companies with varying outlooks. We maintain an OVERWEIGHT position on a leading Philippine bank poised to benefit from regulatory changes and the high interest rate environment. We hold a NEUTRAL