Malaysian Software Defensive Blue Chips

HKT Trust and HKT

Market Cap: HK$88.6b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Taiwan Mobile

Market Cap: NT$359.1b

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

Arab National Bank

Market Cap: ر.س42.0b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

BJ's Wholesale Club Holdings

Market Cap: US$11.1b

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

Shenyang Fortune Precision Equipment

Market Cap: CN¥75.6b

Shenyang Fortune Precision Equipment Co., Ltd.

Maplebear

Market Cap: US$11.1b

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

Sanlam

Market Cap: R181.5b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Harel Insurance Investments & Financial Services

Market Cap: ₪33.2b

Offers insurance and financial services in Israel, Europe, and internationally.

Suzhou Everbright Photonics

Market Cap: CN¥75.2b

Engages in the research, development, packaging, and sale of optoelectronic devices and systems in China and internationally.

Chiba Bank

Market Cap: JP¥1.8t

Provides banking products and services in Japan and internationally.

Absa Group

Market Cap: R180.7b

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

Guangdong Haid Group

Market Cap: CN¥75.0b

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

Baxter International

Market Cap: US$11.0b

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

China Resources Power Holdings

Market Cap: HK$86.2b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

MTN Nigeria Communications

Market Cap: ₦15.1t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Magnum Ice Cream

Market Cap: €9.6b

Engages in the ice cream business in the Netherlands.

Bangkok Bank

Market Cap: ฿364.6b

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

Suzhou Maxwell Technologies

Market Cap: CN¥74.1b

Engages in the design, research and development, production, and sale of solar cell production equipment in China.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥74.1b

Engages in the generation and sale of electricity in China.

Rockchip Electronics

Market Cap: CN¥74.0b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Dangote Cement

Market Cap: ₦14.9t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

UMB Financial

Market Cap: US$10.8b

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

Wintrust Financial

Market Cap: US$10.8b

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

Zhejiang Zheneng Electric Power

Market Cap: CN¥73.2b

Zhejiang Zheneng Electric Power Co., Ltd.

Yangzhou Yangjie Electronic Technology

Market Cap: CN¥73.2b

Yangzhou Yangjie Electronic Technology Co., Ltd.

Shanghai Rural Commercial Bank

Market Cap: CN¥73.0b

Engages in commercial banking business in China.

Globus Medical

Market Cap: US$10.7b

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

Hong Leong Bank Berhad

Market Cap: RM 43.8b

Operates as a financial services company in Malaysia and internationally.

Discovery

Market Cap: R175.4b

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

Henan Shijia Photons Technology

Market Cap: CN¥72.7b

Henan Shijia Photons Technology Co., Ltd.

Quebecor

Market Cap: CA$15.2b

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

KINGSEMI

Market Cap: CN¥72.5b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Lotus Bakeries

Market Cap: €9.4b

Provides various snack products in Belgium and internationally.

Japan Post Insurance

Market Cap: JP¥1.7t

Engages in the provision of life insurance products and services in Japan.

Industrial Bank of Korea

Market Cap: ₩16.4t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.