Malaysian Materials Defensive Blue Chips

Beijing E-Town Semiconductor Technology

Market Cap: CN¥119.1b

Beijing E-Town Semiconductor Technology Co., Ltd.

Erste Bank Polska

Market Cap: zł65.8b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Banco de Sabadell

Market Cap: €15.3b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Vodacom Group

Market Cap: R285.7b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Eurobank

Market Cap: €15.2b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

CEMEX. de

Market Cap: Mex$304.2b

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

Nexchip Semiconductor (China)

Market Cap: CN¥117.6b

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

Mizrahi Tefahot Bank

Market Cap: ₪51.7b

Provides various banking services in Israel and internationally.

Puya Semiconductor (Shanghai)

Market Cap: CN¥116.2b

Engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally.

China Resources Microelectronics

Market Cap: CN¥116.1b

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

E.SUN Financial Holding Company

Market Cap: NT$545.1b

Offers various financial banking products and services in Taiwan.

Elia Group

Market Cap: €14.8b

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

Luzhou LaojiaoLtd

Market Cap: CN¥113.6b

Produces and sells alcoholic products in China and internationally.

Krung Thai Bank

Market Cap: ฿555.5b

Engages in commercial banking business in Thailand and internationally.

Ingenic SemiconductorLtd

Market Cap: CN¥113.2b

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

Zimmer Biomet Holdings

Market Cap: US$16.7b

Operates as a medical technology company worldwide.

Samsung Fire & Marine Insurance

Market Cap: ₩25.5t

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

Kasikornbank

Market Cap: ฿547.8b

Provides commercial banking products and services in Thailand and internationally.

Tenet Healthcare

Market Cap: US$16.1b

Operates as a diversified healthcare services company in the United States.

Bank Polska Kasa Opieki

Market Cap: zł60.6b

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

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.

Jentech Precision Industrial

Market Cap: NT$509.9b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Nova

Market Cap: US$16.0b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

SDIC Power Holdings

Market Cap: CN¥108.5b

Engages in the electricity generation business in China.

Hua Nan Financial Holdings

Market Cap: NT$509.4b

Provides financial services in Taiwan and internationally.

Bank of Hangzhou

Market Cap: CN¥107.9b

Provides various banking products and services in China.

Kansai Electric Power Company

Market Cap: JP¥2.6t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

Airtel Africa

Market Cap: UK£11.8b

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

National Bank of Greece

Market Cap: €13.8b

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

Bank of Beijing

Market Cap: CN¥106.1b

Provides various banking services to individuals and corporates in China.

Huaneng Power International

Market Cap: HK$122.1b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China, the Islamic Republic of Pakistan, and internationally.

BAWAG Group

Market Cap: €13.6b

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

SCB X

Market Cap: ฿516.9b

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

Phison Electronics

Market Cap: NT$495.2b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Hua Xia Bank

Market Cap: CN¥105.2b

Provides commercial banking services in China and Hong Kong.

mBank

Market Cap: zł58.2b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.