Investment Ideas: June 23, 2025 

Here is our report for today, June 23, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Yields for dollar-denominated bonds range from 4.315% to 4.957%, with maturities from 2025 to 2030. Meanwhile, peso-denominated bonds offer higher returns between 5.850% and 6.400%, across maturities from 2029 to 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 rumored index methodology