Kenyan Software Defensive Blue Chips

UMB Financial

Market Cap: US$11.2b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

BUA Foods

Market Cap: ₦15.2t

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

Saputo

Market Cap: CA$15.7b

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

Encompass Health

Market Cap: US$11.2b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

SD Guthrie Berhad

Market Cap: RM 45.4b

Operates as an integrated plantations company in Malaysia and internationally.

Semtech

Market Cap: US$11.1b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Popular

Market Cap: US$11.1b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Budweiser Brewing Company APAC

Market Cap: HK$86.8b

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

Hong Leong Bank Berhad

Market Cap: RM 45.3b

Operates as a financial services company in Malaysia and internationally.

Globus Medical

Market Cap: US$11.1b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

BDO Unibank

Market Cap: ₱672.3b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Bangkok Bank

Market Cap: ฿365.5b

Provides various commercial banking products and services in Thailand and internationally.

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Wintrust Financial

Market Cap: US$10.9b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Chongqing Rural Commercial Bank

Market Cap: HK$85.4b

Provides banking and related financial services in the People’s Republic of China.

Globalstar

Market Cap: US$10.8b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

Shizuoka Financial GroupInc

Market Cap: JP¥1.7t

Provides various banking products and services.

Busy Ming Group

Market Cap: HK$84.0b

Through its subsidiaries, operates as a food and beverage retailer in China.

China Resources Microelectronics

Market Cap: CN¥72.1b

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

Maplebear

Market Cap: US$10.7b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Discovery

Market Cap: R176.0b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥71.7b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Quebecor

Market Cap: CA$14.9b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

ROHM

Market Cap: JP¥1.7t

Manufactures and sells electronic components worldwide.

Orkla

Market Cap: NOK 101.2b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫278.5t

Provides various banking products and services in Vietnam and internationally.

Vienna Insurance Group

Market Cap: €9.1b

Engages in providing insurance products and services in Austria and internationally.

Cullen/Frost Bankers

Market Cap: US$10.5b

Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

Taiwan Mobile

Market Cap: NT$339.4b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

J Sainsbury

Market Cap: UK£7.8b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

SouthState Bank

Market Cap: US$10.5b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

CPFL Energia

Market Cap: R$53.1b

Through its subsidiaries, operates as an energy company in Brazil.

Lotus Bakeries

Market Cap: €9.1b

Provides various snack products in Belgium and internationally.

Old Republic International

Market Cap: US$10.4b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.

Seed Co

Market Cap: US$1.3b

Engages in the breeding, multiplication, and distribution of hybrid seeds in Africa.