Investment Ideas: April 24, 2025 

Here is our report for today, April 24, 2025, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Yields for dollar-denominated bonds range from 4.454% to 5.027%, covering maturities from 2028 up to 2030. Meanwhile, peso-denominated bonds offer higher returns, ranging from 5.730% to 6.090%, with tenors extending from 2027 to 2032.
• Stock Recommendations: We maintain an OVERWEIGHT rating on a large Philippine bank for its robust lending growth and high dividend yield. A food service company is rated NEUTRAL due to challenges in its overseas units. Meanwhile, branded liquor producer is rated UNDERWEIGHT amid declining demand and potential export hurdles.
• Spotlight: The Utilities Select Sector SPDR Fund delivered a 23.7% YoY NAV return, reflecting the resilience of US utilities amid economic uncertainty. This ETF provides exposure to electric, gas, and water utilities and may suit investors seeking defensive growth through stable sector allocation.

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.)