Indonesian Consumer Services Defensive Blue Chips

Smith & Nephew

Market Cap: UK£9.7b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

National Silicon Industry Group

Market Cap: CN¥88.1b

National Silicon Industry Group Co., Ltd.

Israel Discount Bank

Market Cap: ₪39.1b

Provides various banking and financial services in Israel, Europe, and North America.

SK Telecom

Market Cap: ₩19.1t

Engages in the provision of wireless telecommunication services in South Korea.

Banque Saudi Fransi

Market Cap: ر.س48.1b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Piraeus Bank

Market Cap: €11.2b

Provides various banking products and services in Greece, Europe, and internationally.

Align Technology

Market Cap: US$12.8b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Fresenius Medical Care

Market Cap: €11.2b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

HDFC Life Insurance

Market Cap: ₹1.2t

Engages in the provision of individual and group insurance solutions in India.

Dangote Cement

Market Cap: ₦17.5t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Kokusai Electric

Market Cap: JP¥2.1t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

Origin Energy

Market Cap: AU$18.1b

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.

Beijing YanDong MicroElectronic

Market Cap: CN¥85.6b

Beijing YanDong MicroElectronic Co., Ltd.

Punjab National Bank

Market Cap: ₹1.2t

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

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥85.2b

Henan Shuanghui Investment & Development Co.,Ltd.

Osaka Gas

Market Cap: JP¥2.0t

Provides natural gas, electricity, and other energy products and services in Japan and internationally.

Penumbra

Market Cap: US$12.6b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Etihad Etisalat

Market Cap: ر.س47.1b

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

KT&G

Market Cap: ₩18.7t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

MTN Nigeria Communications

Market Cap: ₦17.3t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

CP ALL

Market Cap: ฿418.8b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Rockchip Electronics

Market Cap: CN¥84.3b

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

Almarai

Market Cap: ر.س46.6b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.0t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Webster Financial

Market Cap: US$12.4b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥83.7b

Engages in the generation and sale of electricity in China.

Yokohama Financial Group

Market Cap: JP¥2.0t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$397.5b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

BUA Foods

Market Cap: ₦16.9t

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

Saputo

Market Cap: CA$17.1b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

Phison Electronics

Market Cap: NT$394.6b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

J. M. Smucker

Market Cap: US$12.2b

Manufactures and markets branded food and beverage products worldwide.

China Resources Microelectronics

Market Cap: CN¥82.4b

Engages in the manufacture and sale of semiconductors in China and internationally.

Coca-Cola Consolidated

Market Cap: US$12.1b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥81.8b

Beijing E-Town Semiconductor Technology Co., Ltd.

Baxter International

Market Cap: US$12.1b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.