Singaporean Software Defensive Blue Chips

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$1.8b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Grupo Bimbo. de

Market Cap: Mex$251.4b

Produces, distributes, and sells various bakery products.

BDO Unibank

Market Cap: ₱760.5b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

T&D Holdings

Market Cap: JP¥2.0t

Through its subsidiaries, provides insurance products and services primarily in Japan.

Olympus

Market Cap: JP¥2.0t

Manufactures and sells precision machineries and instruments worldwide.

SCB X

Market Cap: ฿436.0b

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

Banco Comercial Português

Market Cap: €11.5b

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

Mashreqbank PSC

Market Cap: د.إ49.4b

Provides various banking and financial services to individuals and corporates.

Etihad Etisalat

Market Cap: ر.س50.2b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

CNA Financial

Market Cap: US$13.4b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Insurance Australia Group

Market Cap: AU$20.5b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Grupo Cibest

Market Cap: Col$53.2t

Provides banking products and services in Colombia and internationally.

Woori Financial Group

Market Cap: ₩18.3t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Samsung Fire & Marine Insurance

Market Cap: ₩17.9t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Fisher & Paykel Healthcare

Market Cap: NZ$22.1b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

NMBZ Holdings

Market Cap: US$1.7b

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

CEMEX. de

Market Cap: Mex$239.1b

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

Hua Nan Financial Holdings

Market Cap: NT$389.7b

Engages in the banking, securities, insurance, venture capital and asset management activities in Taiwan and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$12.8b

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

Cochlear

Market Cap: AU$19.7b

Provides implantable hearing solutions for children and adults worldwide.

Reinsurance Group of America

Market Cap: US$12.8b

Provides reinsurance and financial solutions.

Mr. Cooper Group

Market Cap: US$12.7b

Operates as a non-bank servicer of residential mortgage loans in the United States.

Elia Group

Market Cap: €10.8b

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

Doximity

Market Cap: US$12.7b

Operates as a digital platform for medical professionals in the United States.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 54.6b

Produces and supplies hydro, wind, and energy electricity in Romania.

Baxter International

Market Cap: US$12.6b

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

Aegon

Market Cap: €10.7b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ46.2b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

True Corporation

Market Cap: ฿407.7b

Provides telecommunications and value-added services in Thailand.

JBS

Market Cap: US$12.5b

Operates as a protein and food company worldwide.

Taiwan Cooperative Financial Holding

Market Cap: NT$378.7b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

CP ALL

Market Cap: ฿402.3b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Dino Polska

Market Cap: zł45.1b

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

Shree Cement

Market Cap: ₹1.1t

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