Investment Tips
2 MIN READ
Investment Ideas: October 24, 2024
Here are our latest picks and calls to help you create your ideal investment portfolio.
Here is our report for today, October 24, 2024, with some insights into various investment opportunities.
Here are some key highlights:
- Bond Market Overview: Dollar-denominated bonds from high-quality issuers, including a Southeast Asian real estate developer and a Korean development bank, are offering yields between 4.5-5.3%. On the local currency front, Philippine government securities across various tenors (5-20 years) present yields ranging from 5.7% to 6.0%, providing attractive opportunities for peso investors.
- Stock Recommendations: Our equity analysis highlights three distinct positions: an overweight stance on a renewable energy company targeting significant capacity expansion, a neutral position on a consumer goods manufacturer facing competitive pressures, and an underweight recommendation for a retail chain despite recent positive momentum.
- UITF Spotlight: Our flagship High Dividend Yield Unit Paying Fund has demonstrated strong performance with a 28.8% year-to-date return. The fund maintains a strategic asset allocation of 86.9% in common shares, 1.5% in preferred shares, and the remainder in cash. The portfolio is well-diversified across sectors, with significant allocations to banking (15.7%), real estate (14.9%), and telecommunications (14.2%), positioning investors to benefit from anticipated policy easing.
Download our report here for details.