Ghanaian Telecom Defensive Blue Chips

Bangkok Bank

Market Cap: ฿366.5b

Provides various commercial banking products and services in Thailand and internationally.

Busy Ming Group

Market Cap: HK$87.4b

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

China Zheshang Bank

Market Cap: HK$87.2b

Provides corporate and retail banking services in Mainland China.

Chongqing Rural Commercial Bank

Market Cap: HK$87.1b

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

DaVita

Market Cap: US$11.1b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Seed Co

Market Cap: US$1.4b

Engages in the breeding, multiplication, and distribution of hybrid seeds in Africa.

Ryan Specialty Holdings

Market Cap: US$11.1b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Sanlam

Market Cap: R176.6b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Beijing YanDong MicroElectronic

Market Cap: CN¥74.1b

Beijing YanDong MicroElectronic Co., Ltd.

UMB Financial

Market Cap: US$11.0b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Tata Consumer Products

Market Cap: ₹1.0t

Manufactures, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Guangdong Haid Group

Market Cap: CN¥73.9b

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

Taiwan Mobile

Market Cap: NT$350.0b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Glaukos

Market Cap: US$10.9b

An ophthalmic pharmaceutical and medical technology company, develops therapies for the treatment of glaucoma, corneal disorders, and retinal diseases in the United States and internationally.

Caixa Seguridade Participações

Market Cap: R$56.1b

Provides insurance products in Brazil and internationally.

Rockchip Electronics

Market Cap: CN¥73.1b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫285.5t

Provides various banking products and services in Vietnam and internationally.

Marks and Spencer Group

Market Cap: UK£8.0b

Operates various retail stores.

Popular

Market Cap: US$10.8b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Unicaja Banco

Market Cap: €9.2b

Engages in the retail banking business in Spain.

Budweiser Brewing Company APAC

Market Cap: HK$84.1b

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

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Dairibord Holdings

Market Cap: US$1.4b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

Globalstar

Market Cap: US$10.7b

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

KINGSEMI

Market Cap: CN¥71.7b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Kikkoman

Market Cap: JP¥1.7t

Through its subsidiaries, engages in the manufacture and sale of food products in Japan and internationally.

Vienna Insurance Group

Market Cap: €9.1b

Engages in providing insurance products and services in Austria and internationally.

Novatek Microelectronics

Market Cap: NT$337.7b

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.

United Nova TechnologyLtd

Market Cap: CN¥70.8b

Manufactures and markets power discrete and modules in China and internationally.

Beazley

Market Cap: UK£7.7b

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

Interconexión Eléctrica E.S.P

Market Cap: Col$32.1t

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

BDO Unibank

Market Cap: ₱646.6b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Alchip Technologies

Market Cap: NT$333.2b

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.

Universal Health Services

Market Cap: US$10.4b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Molina Healthcare

Market Cap: US$10.4b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.