Thai Utilities Defensive Blue Chips

Terumo

Market Cap: JP¥3.4t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Riyad Bank

Market Cap: ر.س80.6b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Banco de Chile

Market Cap: CL$19.4t

Provides commercial banking services in Chile.

China Jushi

Market Cap: CN¥143.6b

Manufactures and sells fiberglass and related products in China and internationally.

Technoprobe

Market Cap: €18.4b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Yihai Kerry Arawana Holdings

Market Cap: CN¥143.2b

Engages in the agriculture and food processing businesses in China.

Banco Santander (Brasil)

Market Cap: R$108.9b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

CIMB Group Holdings Berhad

Market Cap: RM 86.8b

Provides various banking products and services in Malaysia and internationally.

Tyson Foods

Market Cap: US$20.9b

Operates as a food company worldwide.

Bank of Nanjing

Market Cap: CN¥140.6b

Engages in the provision of various financial products and services in China.

Adani Energy Solutions

Market Cap: ₹2.0t

Generates, transmits, and distributes power in India.

China United Network Communications

Market Cap: CN¥139.8b

Provides telecommunication services in the People’s Republic of China.

Suzhou Centec Communications

Market Cap: CN¥138.6b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Straumann Holding

Market Cap: CHF 16.6b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Erste Bank Polska

Market Cap: zł76.2b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Uniper

Market Cap: €17.7b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Cellnex Telecom

Market Cap: €17.6b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

BE Semiconductor Industries

Market Cap: €17.6b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Bunge Global

Market Cap: US$20.2b

Operates as an agribusiness and food company worldwide.

Tenet Healthcare

Market Cap: US$20.1b

Operates as a diversified healthcare services company in the United States.

SBI Life Insurance

Market Cap: ₹1.9t

Operates as a life insurance company in India.

Fortum Oyj

Market Cap: €17.4b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

Bank of Ireland Group

Market Cap: €17.4b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

ASPEED Technology

Market Cap: NT$644.5b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

CK Infrastructure Holdings

Market Cap: HK$156.1b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Bank of Shanghai

Market Cap: CN¥133.8b

Provides various banking products and services in China.

Associated British Foods

Market Cap: UK£14.7b

Engages in the food, ingredients, and retail businesses worldwide.

Mizrahi Tefahot Bank

Market Cap: ₪59.2b

Provides various banking services in Israel and internationally.

Telefônica Brasil

Market Cap: R$101.1b

Operates as a mobile telecommunications company in Brazil.

Pernod Ricard

Market Cap: €17.0b

Produces and sells wines and spirits worldwide.

MACOM Technology Solutions Holdings

Market Cap: US$19.5b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Luzhou LaojiaoLtd

Market Cap: CN¥131.4b

Produces and sells alcoholic products in China and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 88.2b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

Telenor

Market Cap: NOK 184.1b

Operates as a telecommunication company worldwide.

NMBZ Holdings

Market Cap: US$2.5b

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

Alinma Bank

Market Cap: ر.س72.2b

Provides banking and investment services in the Kingdom of Saudi Arabia.