Italian Telecom Defensive Blue Chips

E.SUN Financial Holding Company

Market Cap: NT$562.0b

Offers various financial banking products and services in Taiwan.

East West Bancorp

Market Cap: US$17.5b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Federal Home Loan Mortgage

Market Cap: US$17.2b

Operates in the secondary mortgage market in the United States.

Krung Thai Bank

Market Cap: ฿569.5b

Engages in commercial banking business in Thailand and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥115.1b

Produces and sells alcoholic products in China and internationally.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Zimmer Biomet Holdings

Market Cap: US$16.9b

Operates as a medical technology company worldwide.

Elia Group

Market Cap: €14.8b

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

Hua Nan Financial Holdings

Market Cap: NT$540.7b

Provides financial services in Taiwan and internationally.

Enpara Bank

Market Cap: ₺779.7b

Provides banking services and products in Turkey.

Amkor Technology

Market Cap: US$16.6b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Mora Telematika Indonesia

Market Cap: Rp301.0t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Beijing YanDong MicroElectronic

Market Cap: CN¥111.6b

Beijing YanDong MicroElectronic Co., Ltd.

Hippo Valley Estates

Market Cap: US$2.1b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Nexchip Semiconductor (China)

Market Cap: CN¥111.3b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

Kasikornbank

Market Cap: ฿545.4b

Provides commercial banking products and services in Thailand and internationally.

Bank Polska Kasa Opieki

Market Cap: zł61.8b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

SDIC Power Holdings

Market Cap: CN¥109.9b

Engages in the electricity generation business in China.

Bank of Hangzhou

Market Cap: CN¥109.7b

Provides various banking products and services in China.

SiTime

Market Cap: US$16.2b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

ASR Nederland

Market Cap: €14.0b

Provides insurance, pensions, and mortgages products and services for consumers, businesses, and employers in the Netherlands.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥108.1b

Beijing E-Town Semiconductor Technology Co., Ltd.

National Bank of Greece

Market Cap: €13.9b

Provides banking, financial products, and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom, and internationally.

Hua Xia Bank

Market Cap: CN¥107.9b

Provides commercial banking services in China and Hong Kong.

KGI Financial Holding

Market Cap: NT$510.1b

Operates as a financial company in Taiwan and internationally.

Power Assets Holdings

Market Cap: HK$124.6b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

Tongfu MicroelectronicsLtd

Market Cap: CN¥107.7b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

SCB X

Market Cap: ฿527.0b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

FinecoBank Banca Fineco

Market Cap: €13.8b

Provides banking, credit, trading and investment services in Italy.

Airtel Africa

Market Cap: UK£11.7b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Ingenic SemiconductorLtd

Market Cap: CN¥106.4b

Engages in the research and development, design, and sale of integrated circuit chip products in China and internationally.

ING Bank Slaski

Market Cap: zł59.6b

Provides various banking products and services for retail clients and businesses in Poland.

Banco Santander-Chile

Market Cap: CL$14.5t

Provides commercial and retail banking products and services in Chile.

Kokusai Electric

Market Cap: JP¥2.5t

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

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$122.6b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.