Investment Ideas: January 10, 2025 

Here is our report for today, January 10, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Dollar-denominated bonds from various issuers currently offer yields ranging from 5.146% to 5.625% for maturities between 2028 and 2030. On the peso side, retail treasury bonds present yields from 5.850% to 6.100% for maturities spanning 2025 to 2031, providing attractive opportunities for local currency investments.
• Stock Recommendations: Our equity analysis covers three major Philippine companies with varying outlooks. We maintain an OVERWEIGHT position on a leading Philippine bank poised to benefit from regulatory changes and the high interest rate environment. We hold a NEUTRAL stance on a major conglomerate pending clearer signs of retail segment improvement, while we recommend UNDERWEIGHT on a mining company facing potential index deletion and industry headwinds.
• Spotlight: A prominent Philippine real estate developer is offering fixed-rate bonds with three series options (3-year, 6-year, and 10-year terms) to be issued on February 25, 2025. The bonds feature semi-annual coupon payments with indicative rates ranging from 6.2327% to 6.9349%, including optional redemption features at various points throughout their terms.

Download our report here for details.

(Disclaimer: This is general investment information only and does not constitute an offer or guarantee, with all investment decisions made at your own risk. The bank takes no responsibility for any potential losses.)