Singaporean Software Defensive Blue Chips

China Resources Beer (Holdings)

Market Cap: HK$84.7b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Marico

Market Cap: ₹1.0t

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

Sanlam

Market Cap: R177.6b

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

Tongfu MicroelectronicsLtd

Market Cap: CN¥73.5b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

BKW

Market Cap: CHF 8.4b

An energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Tsingtao Brewery

Market Cap: CN¥73.0b

Engages in the manufacture and sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥72.8b

Engages in the clean energy business in China.

Universal Health Services

Market Cap: US$10.6b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

China Resources Microelectronics

Market Cap: CN¥72.7b

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

Discovery

Market Cap: R175.1b

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

Sejahteraraya Anugrahjaya

Market Cap: Rp182.4t

Provides medical services in Indonesia.

Olympus

Market Cap: JP¥1.7t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Komercní banka

Market Cap: Kč219.3b

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

Globalstar

Market Cap: US$10.5b

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

United Spirits

Market Cap: ₹988.3b

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

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.

SD Guthrie Berhad

Market Cap: RM 41.5b

Operates as an integrated plantations company in Malaysia and internationally.

Eneva

Market Cap: R$52.4b

An integrated energy company, engages in the exploration, production, and commercialization of natural gas and liquids in Brazil.

J Sainsbury

Market Cap: UK£7.7b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Sanan OptoelectronicsLtd

Market Cap: CN¥71.1b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

Pro Medicus

Market Cap: AU$14.5b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫271.8t

Provides various banking products and services in Vietnam and internationally.

Max Healthcare Institute

Market Cap: ₹972.5b

Provides medical and healthcare services in India.

Semtech

Market Cap: US$10.2b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Beazley

Market Cap: UK£7.5b

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

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

Encompass Health

Market Cap: US$10.1b

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

BDO Unibank

Market Cap: ₱613.5b

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

Waaree Energies

Market Cap: ₹950.9b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

KT

Market Cap: ₩14.9t

Provides integrated telecommunications and platform services in South Korea, rest of Asia, and internationally.

Bank Albilad

Market Cap: ر.س37.8b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

National Silicon Industry Group

Market Cap: CN¥68.7b

National Silicon Industry Group Co., Ltd.

DaVita

Market Cap: US$10.0b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

BIM Birlesik Magazalar

Market Cap: ₺450.6b

Operates retail stores in Turkey, Morocco, and Egypt.