Investment Ideas: January 9, 2025

Here is our report for today, January 9, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Dollar-denominated bonds from various sovereign and corporate issuers are offering yields between 5.156% and 5.533%, while peso-denominated retail treasury bonds and fixed-rate treasury notes present slightly higher yields ranging from 5.960% to 6.080%.
• 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 stance on a major conglomerate pending clearer signs of retail segment improvement, while we recommend UNDERWEIGHT on