Investment Ideas: October 11, 2024 

Here is our report for today, October 11, 2024, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Dollar-denominated bonds from various issuers, including American and Asian entities, offer yields ranging from 4.456% to 4.959%, while peso-denominated government securities provide yields between 5.630% and 5.870%, catering to different risk appetites and investment horizons.
• Stock Recommendations: We maintain an overweight stance on a major Philippine electric utility company due to its expanding renewable energy portfolio. However, we hold a neutral view on a home improvement retailer facing earnings pressures and potential index deletion. We also express caution on a leading fast-food chain, citing execution risks despite recent upward revisions in growth guidance.
• The featured US Treasury Bond ETF, with a year-over-year NAV total return of 9.7%, is highlighted as an attractive opportunity given the recent rise in Treasury yields and the medium-term expectation of further easing by the US Federal Reserve.

Download our report here for details.