Investment Ideas: October 30, 2024 

Here is our report for today, October 30, 2024, with some insights into various investment opportunities.

Here are some key highlights:

• Bond Market Overview: Dollar-denominated bonds from various issuers, including Korean and Indonesian companies and Philippine sovereign bonds, are offering yields between 4.610% to 5.344%, while peso-denominated government securities present attractive yields ranging from 5.76% to 6.03%, particularly in longer-dated securities.
• 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: Our featured peso-denominated fixed income fund, with PHP 2.28 billion in assets, maintains a diversified portfolio allocation with 53% in government securities, 23% in preferred shares, and 21% in corporate bonds. The fund demonstrated strong distribution performance with a 4.88% payout in 2023 and 4.57% for February-August 2024.

Download our report here for details.