Here is our report for today, September 18, 2024, with some insights into various investment opportunities.

Here are some key highlights:

Bond Market Overview: We present a selection of dollar- and peso-denominated bonds with varying maturities and yields. Notable offerings include a 5.5% coupon bond from an American automotive finance company maturing in 2026, and a peso-denominated retail treasury bond with a 6.25% coupon maturing in 2029.

Stock Recommendations: We are overweight on a leading property developer, anticipating benefits from an expected residential segment recovery and historical outperformance during easing monetary cycles. We maintain a neutral stance on a major Philippine conglomerate, noting its recent price recovery driven by strong performance of its subsidiaries.

UIT