Singaporean Software Defensive Blue Chips

Insulet

Market Cap: US$11.4b

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

BJ's Wholesale Club Holdings

Market Cap: US$11.4b

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

Absa Group

Market Cap: R184.1b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Guangdong Haid Group

Market Cap: CN¥77.0b

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

Dosilicon

Market Cap: CN¥76.6b

Engages in the design, research and development, and sale of semiconductor chips worldwide.

United Nova TechnologyLtd

Market Cap: CN¥76.4b

Manufactures and markets power discrete and modules in China and internationally.

Arab National Bank

Market Cap: ر.س41.9b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

JoulWatt Technology

Market Cap: CN¥75.8b

Engages in the research and development, and sale of analog integrated circuits in China.

Sumco

Market Cap: JP¥1.8t

Engages in the manufacture and sale of silicon wafers for the semiconductor industry in Japan, the United States, China, Taiwan, South Korea, Europe, and internationally.

Indian Bank

Market Cap: ₹1.1t

Provides various banking products and services.

Taiwan Mobile

Market Cap: NT$356.1b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥75.4b

Engages in commercial banking business in China.

Industrial Bank of Korea

Market Cap: ₩17.0t

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

Ryan Specialty Holdings

Market Cap: US$11.1b

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.

Shenyang Fortune Precision Equipment

Market Cap: CN¥75.3b

Shenyang Fortune Precision Equipment Co., Ltd.

Japan Post Insurance

Market Cap: JP¥1.8t

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

BDO Unibank

Market Cap: ₱677.5b

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

KINGSEMI

Market Cap: CN¥74.7b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Busy Ming Group

Market Cap: HK$86.2b

Through its subsidiaries, operates as a food and beverage retailer in China.

Suzhou Everbright Photonics

Market Cap: CN¥74.6b

Engages in the research, development, packaging, and sale of optoelectronic devices and systems in China and internationally.

Discovery

Market Cap: R177.9b

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

Chongqing Genori Technology

Market Cap: CN¥74.4b

Manufactures core components and materials.

Hong Leong Bank Berhad

Market Cap: RM 44.7b

Operates as a financial services company in Malaysia and internationally.

Shizuoka Financial GroupInc

Market Cap: JP¥1.8t

Provides various banking products and services.

UMB Financial

Market Cap: US$10.9b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Lotus Bakeries

Market Cap: €9.6b

Provides various snack products in Belgium and internationally.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥74.2b

Engages in the generation and sale of electricity in China.

Bangkok Bank

Market Cap: ฿363.6b

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

Dangote Cement

Market Cap: ₦14.9t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

Globus Medical

Market Cap: US$10.9b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Wintrust Financial

Market Cap: US$10.9b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Rockchip Electronics

Market Cap: CN¥73.5b

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

Quebecor

Market Cap: CA$15.4b

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

Popular

Market Cap: US$10.8b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Vanguard International Semiconductor

Market Cap: NT$345.5b

Engages in manufacturing, selling, packaging, testing, and computer-aided design of integrated circuits and other semiconductor devices in Taiwan and internationally.

Orkla

Market Cap: NOK 106.0b

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