Investment Ideas: December 6, 2024

Here is our report for today, December 6, 2024, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: The dollar-denominated bonds from various Asian issuers, including Korean, Indonesian, and Philippine entities, show yields ranging from 4.790% to 5.373% for maturities between 2026 and 2030. Meanwhile, peso-denominated government securities offer yields from 5.930% to 6.110% for maturities extending from 2029 to 2044.
• Stock Recommendations: Our equity coverage maintains an OVERWEIGHT stance on a leading fast-food chain operator with strong global presence, particularly benefiting from its US operations. We hold a NEUTRAL view on a major conglomerate with banking and retail exposure, while taking an UNDERWEIGHT position on a mining company affected by commodity price headwinds.
• Spotlight: A prominent Philippine property developer’s Series C Fixed Rate Bonds are currently available in the secondary market, offering a 6.8045% coupon rate with quarterly payments and a remaining tenor of 4.58 years until July 2029. The bonds include call options at various prices between 2027 and 2029.

Download our report here for details.