Maltese Materials Defensive Blue Chips

Waaree Energies

Market Cap: ₹949.7b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Phoenix Financial

Market Cap: ₪34.6b

Provides multi-line insurance products in Israel.

Chongqing Rural Commercial Bank

Market Cap: HK$83.0b

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

Hippo Valley Estates

Market Cap: US$1.4b

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

Orkla

Market Cap: NOK 106.8b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Far EasTone Telecommunications

Market Cap: NT$329.9b

Engages in the provision of telecommunications and digital application services in Taiwan.

First Horizon

Market Cap: US$10.5b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Globe Life

Market Cap: US$10.5b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Taiwan Mobile

Market Cap: NT$326.6b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Shanghai Electric Power

Market Cap: CN¥73.9b

Engages in the integration of clean energy, new energy, smart energy technology research and development and application, modern energy supply, and services in China and internationally.

Huadong Medicine

Market Cap: CN¥73.8b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

Hong Leong Bank Berhad

Market Cap: RM 43.1b

Operates as a financial services company in Malaysia and internationally.

Enel Américas

Market Cap: CL$9.6t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

T&D Holdings

Market Cap: JP¥1.6t

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

ICICI Prudential Life Insurance

Market Cap: ₹912.5b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.

KT&G

Market Cap: ₩15.0t

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

Beijing E-Town Semiconductor Technology

Market Cap: CN¥73.0b

Beijing E-Town Semiconductor Technology Co., Ltd.

Rambus

Market Cap: US$10.3b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

CSI Solar

Market Cap: CN¥72.8b

Designs, processes, produces, and sells solar modules and photovoltaic systems in China and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫269.6t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Banque Cantonale Vaudoise

Market Cap: CHF 8.1b

Engages in the provision of various financial services in Vaud Canton and rest of Switzerland, the European Union, North America, and internationally.

Ensign Group

Market Cap: US$10.2b

Provides skilled nursing, senior living, and rehabilitative services.

Celcomdigi Berhad

Market Cap: RM 42.4b

An investment holding company, provides mobile communication services and related products in Malaysia.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.1b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Centrica

Market Cap: UK£7.7b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

BAWAG Group

Market Cap: €8.8b

Operates as a holding company for BAWAG P.S.K.

Piraeus Financial Holdings

Market Cap: €8.7b

Provides banking products and services in Greece and internationally.

Bajaj Housing Finance

Market Cap: ₹894.8b

Provides housing finance services in India.

Sejahteraraya Anugrahjaya

Market Cap: Rp168.0t

Provides medical services in Indonesia.

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

Bharti Hexacom

Market Cap: ₹892.5b

Provides mobile services, fixed-line telephone, and broadband services to end consumers under the Airtel brand in India.

Absa Group

Market Cap: R171.8b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Suntory Beverage & Food

Market Cap: JP¥1.6t

Engages in manufacture and sale of alcoholic and non-alcoholic beverages, and foods in Japan, Asia-Pacific, Europe, and the Americas.

CPFL Energia

Market Cap: R$53.1b

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

Comerica

Market Cap: US$10.0b

Provides financial services in the United States, Canada, and Mexico.

Albertsons Companies

Market Cap: US$10.0b

Through its subsidiaries, operates in the food and drug retail industry in the United States.