Cypriot Commercial Services Defensive Blue Chips

TS Financial Holding

Market Cap: NT$453.8b

Provides various financial products and services.

Telia Company

Market Cap: SEK 139.5b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Guangdong Haid Group

Market Cap: CN¥105.7b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Eurobank Ergasias Services and Holdings

Market Cap: €12.7b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Punjab National Bank

Market Cap: ₹1.3t

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

Gjensidige Forsikring

Market Cap: NOK 146.3b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Hua Xia Bank

Market Cap: CN¥104.7b

Provides commercial banking services in China and Hong Kong.

SDIC Power Holdings

Market Cap: CN¥104.5b

Engages in the electricity generation business in China.

East West Bancorp

Market Cap: US$14.7b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Mapfre

Market Cap: €12.5b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Suncorp Group

Market Cap: AU$22.2b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

Kerry Group

Market Cap: €12.4b

Provides taste and nutrition solutions.

Uni-President Enterprises

Market Cap: NT$439.8b

Engages in the manufacture and marketing of food products in Taiwan and internationally.

Metro

Market Cap: CA$20.1b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Jiangsu Yanghe Distillery

Market Cap: CN¥102.3b

Offers liquors and wines.

Olympus

Market Cap: JP¥2.2t

Manufactures and sells precision machineries and instruments worldwide.

Bankinter

Market Cap: €12.2b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

Tata Power

Market Cap: ₹1.3t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Huaneng Power International

Market Cap: HK$110.1b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Origin Energy

Market Cap: AU$21.2b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Cooper Companies

Market Cap: US$14.0b

Develops, manufactures, and markets contact lens wearers.

Etihad Etisalat

Market Cap: ر.س52.1b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

National Bank of Greece

Market Cap: €11.8b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

First Financial Holding

Market Cap: NT$423.5b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Grupo Cibest

Market Cap: Col$53.3t

Provides banking products and services in Colombia and internationally.

Wilmar International

Market Cap: S$17.8b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

ASR Nederland

Market Cap: €11.7b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Doximity

Market Cap: US$13.7b

Operates as a digital platform for medical professionals in the United States.

Budweiser Brewing Company APAC

Market Cap: HK$106.5b

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

Zegona Communications

Market Cap: UK£10.1b

Provides integrated telecommunications services in Spain.

Smoore International Holdings

Market Cap: HK$106.0b

An investment holding company, engages in the provision of vaping technology solutions.

Admiral Group

Market Cap: UK£10.1b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

ACM Research (Shanghai)

Market Cap: CN¥96.8b

Engages in the research, development, production, and sale of semiconductor equipment in China and internationally.

BE Semiconductor Industries

Market Cap: €11.6b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Santander Bank Polska

Market Cap: zł49.3b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Woori Financial Group

Market Cap: ₩19.1t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.