Pakistani Telecom Defensive Blue Chips

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Guangdong Haid Group

Market Cap: CN¥72.3b

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

Quebecor

Market Cap: CA$15.0b

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

Manila Electric

Market Cap: ₱647.0b

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

Unigroup Guoxin Microelectronics

Market Cap: CN¥71.7b

Unigroup Guoxin Microelectronics Co., Ltd.

Orkla

Market Cap: NOK 104.3b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Powerchip Semiconductor Manufacturing

Market Cap: NT$334.8b

Powerchip Semiconductor Manufacturing Corporation, together with its subsidiaries, engages in the research and development, manufacturing, testing, packaging, and sale of integrated circuit products in Taiwan, the United States, China, and internationally.

TIM

Market Cap: R$54.3b

Engages in the telecommunications sector in Brazil.

Zhejiang Zheneng Electric Power

Market Cap: CN¥70.8b

Zhejiang Zheneng Electric Power Co., Ltd.

Industrial Bank of Korea

Market Cap: ₩16.1t

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

Safaricom

Market Cap: KSh1.3t

Provides telecommunication services in Kenya and Ethiopia.

Centrica

Market Cap: UK£7.8b

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

Silicon Motion Technology

Market Cap: US$10.4b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

Globalstar

Market Cap: US$10.3b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

China Zheshang Bank

Market Cap: HK$80.8b

Provides corporate and retail banking services in Mainland China.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥69.8b

Engages in the generation and sale of electricity in China.

Ryan Specialty Holdings

Market Cap: US$10.3b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

OGE Energy

Market Cap: US$10.2b

Through its subsidiaries, generates, transmits, distributes, and sells electric energy in the United States.

Skyworks Solutions

Market Cap: US$10.2b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.

Alpha Bank

Market Cap: €8.9b

Provides various banking and financial products and services in Greece and internationally.

Anji Microelectronics Technology (Shanghai)

Market Cap: CN¥69.3b

Researches, develops, manufactures, and sells semiconductor materials in China and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$80.0b

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

FormFactor

Market Cap: US$10.2b

Designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

Bangkok Bank

Market Cap: ฿338.8b

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

Alchip Technologies

Market Cap: NT$324.9b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

Zions Bancorporation National Association

Market Cap: US$10.2b

Provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥69.0b

Engages in the clean energy business in China.

CPFL Energia

Market Cap: R$52.4b

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

SD Guthrie Berhad

Market Cap: RM 41.2b

Operates as an integrated plantations company in Malaysia and internationally.

Mowi

Market Cap: NOK 100.1b

A seafood company, produces and sells Atlantic salmon products worldwide.

United Spirits

Market Cap: ₹952.5b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Encompass Health

Market Cap: US$10.1b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Japan Post Insurance

Market Cap: JP¥1.6t

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

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫263.3t

Provides various banking products and services in Vietnam and internationally.