Indonesian Tech Defensive Blue Chips

China United Network Communications

Market Cap: CN¥155.7b

Provides telecommunication services in the People’s Republic of China.

AIB Group

Market Cap: €19.6b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.6t

Operates as a trust bank in Japan and internationally.

Loews

Market Cap: US$22.4b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Labcorp Holdings

Market Cap: US$22.3b

Provides laboratory services.

Dollar Tree

Market Cap: US$22.1b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Regions Financial

Market Cap: US$22.0b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

QBE Insurance Group

Market Cap: AU$31.2b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Tyson Foods

Market Cap: US$21.9b

Operates as a food company worldwide.

Quest Diagnostics

Market Cap: US$21.8b

Provides diagnostic testing and services in the United States.

CIMB Group Holdings Berhad

Market Cap: RM 85.9b

Provides various banking products and services in Malaysia and internationally.

Astera Labs

Market Cap: US$21.7b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Sigma Healthcare

Market Cap: AU$30.8b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

STERIS

Market Cap: US$21.6b

Provides infection prevention products and services worldwide.

Coca-Cola HBC

Market Cap: UK£16.2b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

First Solar

Market Cap: US$21.5b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

MTN Group

Market Cap: R362.7b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Banco Santander (Brasil)

Market Cap: R$110.8b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

First Citizens BancShares

Market Cap: US$21.1b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

SBI Life Insurance

Market Cap: ₹2.0t

Operates as a private life insurance company in India.

IHH Healthcare Berhad

Market Cap: RM 83.0b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Koninklijke KPN

Market Cap: €18.3b

Provides telecommunications and information technology (IT) services in the Netherlands.

JD Health International

Market Cap: HK$163.9b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

CK Infrastructure Holdings

Market Cap: HK$163.4b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

KeyCorp

Market Cap: US$20.8b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Bank of Nanjing

Market Cap: CN¥142.4b

Provides various financial products and services in China.

Hana Financial Group

Market Cap: ₩31.0t

Through its subsidiaries, provides financial services in South Korea, Hong Kong, Singapore, the United States, Japan, China, Indonesia, the United Kingdom, Canada, and internationally.

Bank of Shanghai

Market Cap: CN¥141.8b

Provides various banking products and services in China.

Banco BPM

Market Cap: €17.9b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

NN Group

Market Cap: €17.9b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Humana

Market Cap: US$20.5b

Provides medical and specialty insurance products in the United States.

Heineken Holding

Market Cap: €17.9b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ75.3b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Coca-Cola FEMSA. de

Market Cap: US$20.5b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

US Foods Holding

Market Cap: US$20.3b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

LONGi Green Energy Technology

Market Cap: CN¥140.1b

Manufactures and sells photovoltaic products in China, Europe, the Asia Pacific, and the United States.