Hong Kong Utilities Defensive Blue Chips

SouthState Bank

Market Cap: US$10.4b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Henan Shijia Photons Technology

Market Cap: CN¥69.6b

Henan Shijia Photons Technology Co., Ltd.

Novatek Microelectronics

Market Cap: NT$329.8b

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.

Bank Albilad

Market Cap: ر.س38.8b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Indus Towers

Market Cap: ₹987.0b

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.

Wintrust Financial

Market Cap: US$10.3b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Banca Transilvania

Market Cap: RON 46.4b

Provides various banking products and services in Romania, Italy, and the Republic of Moldova.

Insulet

Market Cap: US$10.3b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.2b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥68.9b

Beijing E-Town Semiconductor Technology Co., Ltd.

Konfoong Materials International

Market Cap: CN¥68.8b

Konfoong Materials International Co., Ltd.

bioMérieux

Market Cap: €8.8b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Cullen/Frost Bankers

Market Cap: US$10.2b

Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

Kesko Oyj

Market Cap: €8.7b

Engages in the chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Denmark, and Poland.

BIM Birlesik Magazalar

Market Cap: ₺488.8b

Operates retail stores in Turkey, Morocco, and Egypt.

BUA Foods

Market Cap: ₦13.7t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Alchip Technologies

Market Cap: NT$322.0b

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.

Quebecor

Market Cap: CA$13.9b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Skyworks Solutions

Market Cap: US$10.1b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.

Orkla

Market Cap: NOK 93.8b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Max Healthcare Institute

Market Cap: ₹961.7b

Provides medical and healthcare services in India.

Menora Mivtachim Holdings

Market Cap: ₪30.2b

Operates in insurance and finance sectors in Israel.