Malaysian Software Defensive Blue Chips

Telenor

Market Cap: NOK 193.0b

Operates as a telecommunication company worldwide.

Banco de Chile

Market Cap: CL$18.1t

Provides commercial banking services in Chile.

Suzhou Centec Communications

Market Cap: CN¥132.7b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Hwatsing Technology

Market Cap: CN¥132.1b

Engages in the research, development, production, sales, and technical services of semiconductor equipment in China and internationally.

Yihai Kerry Arawana Holdings

Market Cap: CN¥132.1b

Engages in the agriculture and food processing businesses in China.

CK Infrastructure Holdings

Market Cap: HK$152.4b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Alinma Bank

Market Cap: ر.س72.7b

Provides banking and investment services in the Kingdom of Saudi Arabia.

NMBZ Holdings

Market Cap: US$2.5b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Banco Santander (Brasil)

Market Cap: R$100.2b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Bank of Nanjing

Market Cap: CN¥129.0b

Engages in the provision of various financial products and services in China.

Bank of Ireland Group

Market Cap: €16.6b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Federal Home Loan Mortgage

Market Cap: US$18.9b

Operates in the secondary mortgage market in the United States.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

GlobalWafers

Market Cap: NT$600.0b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

China United Network Communications

Market Cap: CN¥127.2b

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

OmniVision Integrated Circuits Group

Market Cap: CN¥127.0b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

Lattice Semiconductor

Market Cap: US$18.7b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Bank of Shanghai

Market Cap: CN¥126.7b

Provides various banking products and services in China.

Enpara Bank

Market Cap: ₺873.3b

Provides banking services and products in Turkey.

SiTime

Market Cap: US$18.6b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥126.0b

Beijing E-Town Semiconductor Technology Co., Ltd.

Telia Company

Market Cap: SEK 179.1b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Ingenic SemiconductorLtd

Market Cap: CN¥125.2b

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

Pernod Ricard

Market Cap: €16.1b

Produces and sells wines and spirits worldwide.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

Varun Beverages

Market Cap: ₹1.7t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Koninklijke KPN

Market Cap: €15.9b

Provides telecommunications and information technology (IT) services in the Netherlands.

SinoPac Financial Holdings

Market Cap: NT$575.3b

Through its subsidiaries, provides banking services worldwide.

Associated British Foods

Market Cap: UK£13.5b

Engages in the food, ingredients, and retail businesses worldwide.

Wilmar International

Market Cap: S$23.2b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Vodacom Group

Market Cap: R291.7b

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

Banco Comercial Português

Market Cap: €15.7b

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

Erste Bank Polska

Market Cap: zł66.9b

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

Puya Semiconductor (Shanghai)

Market Cap: CN¥120.8b

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

CEMEX. de

Market Cap: Mex$309.6b

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

East West Bancorp

Market Cap: US$17.7b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.