Indonesian Real Estate Defensive Blue Chips

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

Hua Nan Financial Holdings

Market Cap: NT$413.3b

Provides financial services in Taiwan and internationally.

NMBZ Holdings

Market Cap: US$1.7b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Everest Group

Market Cap: US$13.3b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Olympus

Market Cap: JP¥2.1t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

First Financial Holding

Market Cap: NT$412.0b

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

Origin Energy

Market Cap: AU$20.5b

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.

Kasikornbank

Market Cap: ฿432.4b

Provides commercial banking products and services in Thailand and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$103.2b

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

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$1.7b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Banco Comercial Português

Market Cap: €11.5b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Elia Group

Market Cap: €11.5b

Develops and operates as a transmission system operator in Belgium and Germany.

Unum Group

Market Cap: US$13.2b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Tata Consumer Products

Market Cap: ₹1.2t

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

Helvetia Holding

Market Cap: CHF 10.6b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Woori Financial Group

Market Cap: ₩18.9t

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

Union Bank of India

Market Cap: ₹1.2t

Provides banking products and services in India.

Hon. Precision

Market Cap: NT$400.0b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Brown-Forman

Market Cap: US$12.9b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

WH Group

Market Cap: HK$99.9b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Mashreqbank PSC

Market Cap: د.إ47.1b

Provides various banking and financial services to individuals and corporates.

BE Semiconductor Industries

Market Cap: €11.2b

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

Admiral Group

Market Cap: UK£9.8b

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

Almarai

Market Cap: ر.س47.6b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Tokyo GasLtd

Market Cap: JP¥2.0t

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

ageas

Market Cap: €11.0b

Engages in insurance business.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥89.6b

Henan Shuanghui Investment & Development Co.,Ltd.

Fisher & Paykel Healthcare

Market Cap: NZ$22.2b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Arab National Bank

Market Cap: ر.س47.0b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Acciona

Market Cap: €10.8b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

CP ALL

Market Cap: ฿401.2b

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

Doximity

Market Cap: US$12.3b

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

Telecom Italia

Market Cap: €10.7b

Engages in the fixed and mobile telecommunications services in Italy and internationally.