Nigerian Software Defensive Blue Chips

Dino Polska

Market Cap: zł39.8b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Orkla

Market Cap: NOK 112.1b

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.

Manila Electric

Market Cap: ₱648.1b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Celsius Holdings

Market Cap: US$11.0b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

ICICI Lombard General Insurance

Market Cap: ₹973.2b

Provides various general insurance products and services in India.

Alibaba Health Information Technology

Market Cap: HK$84.5b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م98.6b

Provides various telecommunication solutions in Morocco and internationally.

Marico

Market Cap: ₹961.8b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Encompass Health

Market Cap: US$10.7b

Provides post-acute healthcare services in the United States and Puerto Rico.

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.

Banque Cantonale Vaudoise

Market Cap: CHF 8.5b

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

CPFL Energia

Market Cap: R$58.9b

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

Tsingtao Brewery

Market Cap: CN¥74.4b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

ICICI Prudential Life Insurance

Market Cap: ₹941.4b

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

Boubyan Bank K.S.C.P

Market Cap: د.ك3.2b

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

Komercní banka

Market Cap: Kč218.3b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

Bank of the Philippine Islands

Market Cap: ₱612.9b

Provides various financial products and services to retail and corporate clients in the Philippines.

Ensign Group

Market Cap: US$10.4b

Provides skilled nursing, senior living, and rehabilitative services.

Webster Financial

Market Cap: US$10.4b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Rambus

Market Cap: US$10.4b

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

Shree Cement

Market Cap: ₹923.7b

Engages in the manufacture and sale of cement and clinker in India and internationally.

Lattice Semiconductor

Market Cap: US$10.3b

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

China Resources Microelectronics

Market Cap: CN¥72.4b

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

Centrica

Market Cap: UK£7.7b

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

KT&G

Market Cap: ₩15.2t

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

Rockchip Electronics

Market Cap: CN¥72.2b

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

Bangkok Bank

Market Cap: ฿321.6b

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

Beijing E-Town Semiconductor Technology

Market Cap: CN¥72.0b

Beijing E-Town Semiconductor Technology Co., Ltd.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫267.6t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Winbond Electronics

Market Cap: NT$320.9b

Engages in the design, development, manufacture, and marketing of very large scale integration integrated circuits (ICs) for various microelectronic applications in Asia, the Americas, Europe, and internationally.

Enel Américas

Market Cap: CL$9.2t

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

Piraeus Financial Holdings

Market Cap: €8.7b

Provides banking products and services in Greece and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$79.0b

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

Taiwan Mobile

Market Cap: NT$320.6b

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

Huadong Medicine

Market Cap: CN¥71.0b

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