Moroccan Software Defensive Blue Chips

SCB X

Market Cap: ฿441.1b

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

T&D Holdings

Market Cap: JP¥2.0t

Through its subsidiaries, provides insurance products and services primarily in Japan.

BJ's Wholesale Club Holdings

Market Cap: US$13.6b

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

Max Healthcare Institute

Market Cap: ₹1.2t

Provides medical and healthcare services in India.

BDO Unibank

Market Cap: ₱773.2b

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

Guangdong Haid Group

Market Cap: CN¥97.0b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Banco Comercial Português

Market Cap: €11.5b

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

FinecoBank Banca Fineco

Market Cap: €11.5b

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

Woori Financial Group

Market Cap: ₩18.7t

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

Olympus

Market Cap: JP¥2.0t

Manufactures and sells precision machineries and instruments worldwide.

Centene

Market Cap: US$13.2b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

WH Group

Market Cap: HK$103.3b

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

Etihad Etisalat

Market Cap: ر.س49.5b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Grupo Cibest

Market Cap: Col$52.9t

Provides banking products and services in Colombia and internationally.

Cochlear

Market Cap: AU$20.2b

Provides implantable hearing solutions for children and adults worldwide.

Hua Hong Semiconductor

Market Cap: HK$102.7b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

GAIL (India)

Market Cap: ₹1.1t

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

Fisher & Paykel Healthcare

Market Cap: NZ$21.9b

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

Grupo Bimbo. de

Market Cap: Mex$243.5b

Produces, distributes, and sells various bakery products.

CNA Financial

Market Cap: US$12.9b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩17.9t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Hua Nan Financial Holdings

Market Cap: NT$386.2b

Engages in the banking, securities, insurance, venture capital and asset management activities in Taiwan and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Taiwan Cooperative Financial Holding

Market Cap: NT$385.8b

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

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.2b

Produces and supplies hydro, wind, and energy electricity in Romania.

Dino Polska

Market Cap: zł46.3b

Operates a network of mid-sized grocery supermarkets under the Dino brand name in Poland.

CP ALL

Market Cap: ฿411.4b

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

Chandra Daya Investasi

Market Cap: Rp204.1t

Operates as an infrastructure investment holding company.

Baxter International

Market Cap: US$12.6b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.0b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Reinsurance Group of America

Market Cap: US$12.5b

Provides reinsurance and financial solutions.

Almarai

Market Cap: ر.س46.6b

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

CEMEX. de

Market Cap: Mex$232.3b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Mr. Cooper Group

Market Cap: US$12.4b

Operates as a non-bank servicer of residential mortgage loans in the United States.

Kasikornbank

Market Cap: ฿400.4b

Provides commercial banking products and services in Thailand and internationally.