Brazilian Telecom Defensive Blue Chips

Manila Electric

Market Cap: ₱650.3b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Tianshui Huatian Technology

Market Cap: CN¥71.7b

Engages in research, development, production, packaging, testing, and sales of semiconductor integrated circuits in China and internationally.

Busy Ming Group

Market Cap: HK$82.4b

Through its subsidiaries, operates as a food and beverage retailer in China.

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Chongqing Genori Technology

Market Cap: CN¥71.2b

Manufactures core components and materials.

Far EasTone Telecommunications

Market Cap: NT$336.2b

Provides mobile telecommunications services in Taiwan and internationally.

Discovery

Market Cap: R171.5b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Suzhou Maxwell Technologies

Market Cap: CN¥71.0b

Engages in the design, research and development, production, and sale of solar cell production equipment in China.

Lotus Bakeries

Market Cap: €9.1b

Provides various snack products in Belgium and internationally.

Centrica

Market Cap: UK£7.8b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$81.6b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Zions Bancorporation National Association

Market Cap: US$10.4b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

SD Guthrie Berhad

Market Cap: RM 42.3b

Operates as an integrated plantations company in Malaysia and internationally.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥70.5b

Engages in the clean energy business in China.

China Zheshang Bank

Market Cap: HK$81.2b

Provides corporate and retail banking services in Mainland China.

Alpha Bank

Market Cap: €9.1b

Provides various banking and financial products and services in Greece and internationally.

TIM

Market Cap: R$53.2b

Engages in the telecommunications sector in Brazil.

Maxone Semiconductor (Suzhou)

Market Cap: CN¥70.2b

Engages in the research, design, development, production, and sale of semiconductor chip test probe cards in China and internationally.

Alchip Technologies

Market Cap: NT$331.4b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

Unigroup Guoxin Microelectronics

Market Cap: CN¥70.2b

Unigroup Guoxin Microelectronics Co., Ltd.

Globalstar

Market Cap: US$10.3b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Novatek Microelectronics

Market Cap: NT$331.0b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$80.5b

Provides banking and related financial services in the People’s Republic of China.

Vanguard International Semiconductor

Market Cap: NT$329.6b

Engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices in Taiwan and internationally.

Old National Bancorp

Market Cap: US$10.2b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫268.0t

Provides various banking products and services in Vietnam and internationally.

Yangzhou Yangjie Electronic Technology

Market Cap: CN¥69.1b

Yangzhou Yangjie Electronic Technology Co., Ltd.

Interconexión Eléctrica E.S.P

Market Cap: Col$34.0t

Engages in the electric power, roads, and ICT and telecommunications business activities.

CPFL Energia

Market Cap: R$52.4b

Through its subsidiaries, operates as an energy company in Brazil.

OGE Energy

Market Cap: US$10.1b

Through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States.

OPC Energy

Market Cap: ₪30.6b

Engages in the development, construction, operation, generation, and supply of electricity and energy in Israel.

J Sainsbury

Market Cap: UK£7.5b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Old Republic International

Market Cap: US$10.0b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.