Investment Ideas: June 20, 2025 

Here is our report for today, June 20, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Yields for dollar-denominated bonds range from 4.326% to 4.957%, with maturities stretching from November 2025 to June 2029. Peso-denominated bonds offer higher yields, from 5.835% to 6.380%, with maturities from February 2029 to April 2035.
• Stock Recommendations: We have an OVERWEIGHT view on a Philippine grocery retailer due to sector tailwinds and potential for higher dividend payouts. A diversified holding company is rated NEUTRAL due to declining earnings from its mining segment, though partially offset by strong performance from its water utility business. We have an UNDERWEIGHT rating on a Philippine banking institution due to ru