Nigerian Software Defensive Blue Chips

Vodacom Group

Market Cap: R285.3b

Provides communications products and services.

Uniper

Market Cap: €14.8b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

JBS

Market Cap: US$16.9b

Operates as a protein and food company worldwide.

Bank of Beijing

Market Cap: CN¥116.1b

Provides various banking services to individuals and corporates in China.

Airtel Africa

Market Cap: UK£12.7b

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

Wens Foodstuff Group

Market Cap: CN¥116.0b

Operates as an agricultural and animal husbandry company in China.

Insulet

Market Cap: US$16.8b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Power Assets Holdings

Market Cap: HK$131.5b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Hologic

Market Cap: US$16.8b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Elia Group

Market Cap: €14.7b

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

Straumann Holding

Market Cap: CHF 13.2b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

E.SUN Financial Holding Company

Market Cap: NT$534.6b

Offers various financial banking products and services in Taiwan.

MACOM Technology Solutions Holdings

Market Cap: US$16.7b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Hua Xia Bank

Market Cap: CN¥114.0b

Provides commercial banking services in China and Hong Kong.

NMBZ Holdings

Market Cap: US$2.1b

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

Saudi Energy

Market Cap: ر.س61.2b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Huaneng Power International

Market Cap: HK$127.2b

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

McCormick

Market Cap: US$16.1b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

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.

Jerónimo Martins SGPS

Market Cap: €13.9b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Unipol Assicurazioni

Market Cap: €13.9b

Provides insurance products and services primarily in Italy.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥109.7b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

BE Semiconductor Industries

Market Cap: €13.9b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Tokyo GasLtd

Market Cap: JP¥2.5t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Woori Financial Group

Market Cap: ₩23.5t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

Bank of Baroda

Market Cap: ₹1.5t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Rede D'Or São Luiz

Market Cap: R$82.2b

Engages in the provision of hospital services in Brazil.

WH Group

Market Cap: HK$121.9b

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

Telecom Italia

Market Cap: €13.6b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

Winbond Electronics

Market Cap: NT$490.5b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Coloplast

Market Cap: DKK 99.0b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

CEMEX. de

Market Cap: Mex$270.9b

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

China Jushi

Market Cap: CN¥104.5b

Engages in the manufacture and sale of fiberglass and related products in China and internationally.

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Santander Bank Polska

Market Cap: zł56.6b

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

SCB X

Market Cap: ฿484.9b

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