Kenyan Consumer Services Defensive Blue Chips

WH Group

Market Cap: HK$103.5b

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

Eastroc Beverage (Group)

Market Cap: CN¥88.7b

Engages in the manufacturing and distribution of beverages in the People’s Republic of China.

Carrefour

Market Cap: €11.2b

Operates as a food retailer in France, Spain, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, Asia, and internationally.

KT&G

Market Cap: ₩18.2t

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

Almarai

Market Cap: ر.س49.2b

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

Bank of Baroda

Market Cap: ₹1.2t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Insurance Australia Group

Market Cap: AU$18.1b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥87.2b

Henan Shuanghui Investment & Development Co.,Ltd.

Dangote Cement

Market Cap: ₦17.3t

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

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥86.5b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Shanghai United Imaging Healthcare

Market Cap: CN¥86.5b

Shanghai United Imaging Healthcare Co., Ltd.

Coca-Cola Consolidated

Market Cap: US$12.8b

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

Penumbra

Market Cap: US$12.8b

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

Fidelity National Financial

Market Cap: US$12.7b

Provides various insurance products in the United States.

Harel Insurance Investments & Financial Services

Market Cap: ₪37.7b

Offers insurance and financial services in Israel, Europe, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.0t

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

CP ALL

Market Cap: ฿414.4b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥85.0b

Engages in commercial banking business in China.

Taiwan Cooperative Financial Holding

Market Cap: NT$402.6b

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

BJ's Wholesale Club Holdings

Market Cap: US$12.6b

Operates membership warehouse clubs on the eastern half of the United States.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

iA Financial

Market Cap: CA$17.4b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Tele2

Market Cap: SEK 118.3b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Fresenius Medical Care

Market Cap: €10.7b

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

Kokusai Electric

Market Cap: JP¥2.0t

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

HDFC Life Insurance

Market Cap: ₹1.2t

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

Lotus Bakeries

Market Cap: €10.6b

Provides various snack products in Belgium and internationally.

BrightSpring Health Services

Market Cap: US$12.4b

Operates as a home and community-based healthcare services platform in the United States.

Magnum Ice Cream

Market Cap: €10.6b

Engages in the ice cream business in the Netherlands.

Smith & Nephew

Market Cap: UK£9.0b

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

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

Chiba Bank

Market Cap: JP¥1.9t

Provides banking products and services in Japan and internationally.

Arab National Bank

Market Cap: ر.س45.6b

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.

MTN Nigeria Communications

Market Cap: ₦16.3t

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

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

China Resources Power Holdings

Market Cap: HK$94.6b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.