Taiwanese Software Defensive Blue Chips

CP ALL

Market Cap: ฿392.1b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Indus Towers

Market Cap: ₹1.1t

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.

Brown-Forman

Market Cap: US$11.8b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Globus Medical

Market Cap: US$11.8b

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

Mowi

Market Cap: NOK 114.4b

A seafood company, produces and sells Atlantic salmon products worldwide.

HKT Trust and HKT

Market Cap: HK$91.8b

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.

Absa Group

Market Cap: R200.5b

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

Ensign Group

Market Cap: US$11.7b

Provides skilled nursing, senior living, and rehabilitative services.

China Zheshang Bank

Market Cap: HK$90.8b

Provides various commercial banking products and services in Mainland China.

Great Eastern Holdings

Market Cap: S$14.9b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Mashreqbank PSC

Market Cap: د.إ42.1b

Provides various banking and financial services to individuals and corporates.

Taiwan Cooperative Financial Holding

Market Cap: NT$366.9b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

Almarai

Market Cap: ر.س43.0b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Universal Health Services

Market Cap: US$11.4b

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

Hong Leong Bank Berhad

Market Cap: RM 45.7b

Operates as a financial services company in Malaysia and internationally.

BAWAG Group

Market Cap: €9.9b

Operates as a holding company for BAWAG P.S.K.

Arab National Bank

Market Cap: ر.س42.5b

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.

Chongqing Rural Commercial Bank

Market Cap: HK$88.5b

Provides banking and related financial services in the People’s Republic of China.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥78.1b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

SCREEN Holdings

Market Cap: JP¥1.8t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

SK Telecom

Market Cap: ₩17.0t

Engages in the provision of wireless telecommunication services in South Korea.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥77.7b

Engages in the generation and sale of electricity in China.

Manila Electric

Market Cap: ₱680.2b

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

OPC Energy

Market Cap: ₪35.2b

Engages in the development, construction, operation, generation, and supply of electricity in Israel.

Webster Financial

Market Cap: US$11.2b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Hippo Valley Estates

Market Cap: US$1.4b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Japan Post Insurance

Market Cap: JP¥1.8t

Provides life insurance products and services in Japan.

Ooredoo Q.P.S.C

Market Cap: ر.ق40.5b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

James Hardie Industries

Market Cap: AU$16.1b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Zhejiang Zheneng Electric Power

Market Cap: CN¥76.6b

Zhejiang Zheneng Electric Power Co., Ltd.

Jiangsu Yanghe Distillery

Market Cap: CN¥76.5b

Offers liquors and wines.

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Suzhou Maxwell Technologies

Market Cap: CN¥76.2b

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

Sichuan Chuantou EnergyLtd

Market Cap: CN¥76.2b

Engages in the clean energy business in China.

Jinko Solar

Market Cap: CN¥76.0b

Engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.