Investment Ideas: August 27, 2025

Here is our report for today, August 27, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Dollar-denominated bonds offer yields ranging from 4.612% to 5.184%, with maturities between June 2026 and April 2035. Peso-denominated bonds present higher yields, from 5.230% to 6.110%, for maturities stretching from November 2025 to January 2039.
• Stock Recommendations: A real estate company earned an OVERWEIGHT rating as its residential segment showed robust growth and favorable interest rate trends support continued momentum. A telco facing more potential competition with the Konektadong Pinoy Bill has been given a NEUTRAL rating. We have an UNDERWEIGHT recommendation for a mining and power company facing pressure from weak coal prices.
• Spotlight: Earnings growth from the Philippine Stock Exchange index (PSEi), excluding SMC, was behind market expectations at only +3.7% for both 2Q 2025 and 1H 2025. While some companies performed well, most fell short and would likely lead to earnings downgrades. Gaming sector earnings plunged, down 120% in 1H 2025, while ports performed best, with a 20% uptick in core net income in the same period.
   

Download our report here for details.