Thai Consumer Durables Defensive Blue Chips

Manila Electric

Market Cap: ₱659.3b

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

Tianshui Huatian Technology

Market Cap: CN¥72.7b

Engages in research, development, production, packaging, testing, and sales of semiconductor integrated circuits in China and internationally.

Unigroup Guoxin Microelectronics

Market Cap: CN¥72.6b

Unigroup Guoxin Microelectronics Co., Ltd.

Shanghai Rural Commercial Bank

Market Cap: CN¥72.5b

Engages in commercial banking business in China.

Hong Leong Bank Berhad

Market Cap: RM 43.6b

Operates as a financial services company in Malaysia and internationally.

Magnum Ice Cream

Market Cap: €9.3b

Engages in the ice cream business in the Netherlands.

Popular

Market Cap: US$10.6b

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.

Zhejiang Zheneng Electric Power

Market Cap: CN¥71.9b

Zhejiang Zheneng Electric Power Co., Ltd.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Insulet

Market Cap: US$10.5b

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

Globalstar

Market Cap: US$10.5b

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

Circuit Fabology Microelectronics Equipment

Market Cap: CN¥71.1b

Circuit Fabology Microelectronics Equipment Co., Ltd.

Jiangsu Leadmicro Nano-Equipment Technology

Market Cap: CN¥70.9b

Engages in manufacturing high-end micro-nano equipment for semiconductor and pan-semiconductor.

Industrial Bank of Korea

Market Cap: ₩16.1t

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

Orkla

Market Cap: NOK 102.3b

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

TIM

Market Cap: R$53.2b

Engages in the telecommunications sector in Brazil.

Bangkok Bank

Market Cap: ฿343.6b

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

BDO Unibank

Market Cap: ₱634.9b

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

Budweiser Brewing Company APAC

Market Cap: HK$80.6b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Novatek Microelectronics

Market Cap: NT$327.4b

A fabless chip design company, designs, develops and sells a range of display driver integrated circuits (IC) and system-on-a-chip (SoC) solutions in Taiwan, Asia, and internationally.

Centrica

Market Cap: UK£7.7b

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

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.

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.

Sumco

Market Cap: JP¥1.7t

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.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫267.2t

Provides various banking products and services in Vietnam and internationally.

Alpha Bank

Market Cap: €8.9b

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

Marks and Spencer Group

Market Cap: UK£7.6b

Operates various retail stores.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥68.8b

Engages in the clean energy business in China.

Japan Post Insurance

Market Cap: JP¥1.6t

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

SD Guthrie Berhad

Market Cap: RM 41.4b

Operates as an integrated plantations company in Malaysia and internationally.

China Zheshang Bank

Market Cap: HK$79.2b

Provides corporate and retail banking services in Mainland China.

United Spirits

Market Cap: ₹960.3b

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.

CPFL Energia

Market Cap: R$52.0b

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

WinWay Technology

Market Cap: NT$320.4b

Designs, processes, and sells optoelectronic product test fixtures, integrated circuit test interfaces, and fixtures and their components in Taiwan, the Americas, China, Asia, Europe, and Canada.

OGE Energy

Market Cap: US$10.0b

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