Thai Utilities Defensive Blue Chips

SICC

Market Cap: CN¥77.0b

Engages in the research, development, production, and sale of silicon carbide substrate materials in China and internationally.

HKT Trust and HKT

Market Cap: HK$88.7b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

KT&G

Market Cap: ₩17.4t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Sanlam

Market Cap: R185.6b

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

Taiwan Mobile

Market Cap: NT$359.1b

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

Zhejiang Jingsheng Mechanical & Electrical

Market Cap: CN¥76.3b

Zhejiang Jingsheng Mechanical & Electrical Co., Ltd.

Caixa Seguridade Participações

Market Cap: R$58.1b

Provides insurance products in Brazil and internationally.

Bank of Chengdu

Market Cap: CN¥76.1b

Provides various banking products and services in China.

BJ's Wholesale Club Holdings

Market Cap: US$11.2b

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

Rockchip Electronics

Market Cap: CN¥76.0b

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

Ambuja Cements

Market Cap: ₹1.1t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

Globus Medical

Market Cap: US$11.1b

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

Harel Insurance Investments & Financial Services

Market Cap: ₪33.0b

Offers insurance and financial services in Israel, Europe, and internationally.

Olympus

Market Cap: JP¥1.8t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Maxone Semiconductor (Suzhou)

Market Cap: CN¥75.1b

Engages in the research, development, design, and manufacturing of semiconductor test solution products.

FormFactor

Market Cap: US$11.0b

Designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

Tianshui Huatian Technology

Market Cap: CN¥75.0b

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

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Maplebear

Market Cap: US$11.0b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Aier Eye Hospital Group

Market Cap: CN¥74.4b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

Silicon Motion Technology

Market Cap: US$10.9b

Designs, develops, and markets NAND flash controllers for solid-state storage devices and related devices in China, Japan, Singapore, Taiwan, Korea, the United States, and internationally.

Hong Leong Bank Berhad

Market Cap: RM 44.5b

Operates as a financial services company in Malaysia and internationally.

Baxter International

Market Cap: US$10.9b

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

Wintrust Financial

Market Cap: US$10.8b

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

Yangzhou Yangjie Electronic Technology

Market Cap: CN¥73.3b

Yangzhou Yangjie Electronic Technology Co., Ltd.

UMB Financial

Market Cap: US$10.7b

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

Skyworks Solutions

Market Cap: US$10.7b

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.

Suzhou Maxwell Technologies

Market Cap: CN¥72.9b

Engages in the design, research and development, production, and sale of solar cell production equipment in China.

Popular

Market Cap: US$10.7b

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.

Quebecor

Market Cap: CA$15.2b

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

Budweiser Brewing Company APAC

Market Cap: HK$83.5b

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

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Manila Electric

Market Cap: ₱649.2b

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

Lotus Bakeries

Market Cap: €9.3b

Provides various snack products in Belgium and internationally.

Centrica

Market Cap: UK£8.0b

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

BDO Unibank

Market Cap: ₱645.5b

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