Investment Ideas: December 23, 2024 

Here is our report for today, December 23, 2024, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: The dollar-denominated bonds market presents yields ranging from 4.976% to 5.503% for securities maturing between 2026 and 2030. Meanwhile, peso-denominated retail treasury bonds show higher yields ranging from 6.000% to 6.030% for maturities spanning 2025 to 2031.
• Stock Recommendations: Our equity analysis highlights three key Philippine companies with varying outlooks. We maintain an OVERWEIGHT position on a major power utility company due to its promising renewable energy projects. Conversely, we recommend UNDERWEIGHT positions on two conglomerates – one facing challenges in consumer products amid inflation pressures, and another dealing with external and internal headwinds despite potential positive catalysts from business restructuring.
• UITF Spotlight: Our US equity feeder fund demonstrates strong performance with a year-to-date return of 25.930% and a one-year return of 27.358% as of December 18, 2024. The fund, which tracks the S&P 500 index through an ETF allocation of 95.79%, maintains a bullish outlook with a target of 6,150 points, supported by above-expectation growth and earnings in the US economy, particularly in the technology sector.

Download our report here for details.