Investment Ideas: October 29, 2024 

Here is our report for today, October 29, 2024, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Dollar-denominated bonds present yields between 4.58% to 5.32%, with options from automotive companies, sovereign bonds, and infrastructure issuers. Peso bonds offer higher yields ranging from 5.73% to 5.97%, with various government securities available across different tenors up to 20 years.
• Stock Recommendations: We highlight three distinct positions: an overweight stance on a major bank benefiting from RRR cuts and trading gains potential, a neutral position on a mining company, and an underweight recommendation on a conglomerate missing out on earnings visibility.
• UITF Spotlight: The featured equity index tracker fund manages PHP 8.86 billion in assets and aims to mirror the PSE index performance. The fund maintains a highly focused equity allocation of 99.37%, with minimal cash holdings, and has delivered strong returns over the past year, making it suitable for aggressive investors with a minimum investment requirement of PHP 10,000.

Download our report here for details.