Ukrainian Utilities Defensive Blue Chips

Orkla

Market Cap: NOK 103.6b

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

Dosilicon

Market Cap: CN¥71.9b

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

SD Guthrie Berhad

Market Cap: RM 43.2b

Operates as an integrated plantations company in Malaysia and internationally.

Discovery

Market Cap: R172.6b

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

Manila Electric

Market Cap: ₱651.5b

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

Sichuan Chuantou EnergyLtd

Market Cap: CN¥71.5b

Engages in the clean energy business in China.

Budweiser Brewing Company APAC

Market Cap: HK$82.6b

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

Lotus Bakeries

Market Cap: €9.2b

Provides various snack products in Belgium and internationally.

Anji Microelectronics Technology (Shanghai)

Market Cap: CN¥71.2b

Researches, develops, manufactures, and sells semiconductor materials in China and internationally.

Japan Post Insurance

Market Cap: JP¥1.7t

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

Centrica

Market Cap: UK£7.8b

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

Maxone Semiconductor (Suzhou)

Market Cap: CN¥70.7b

Engages in the research, design, development, production, and sale of semiconductor chip test probe cards in China and internationally.

GRINM Semiconductor Materials

Market Cap: CN¥70.6b

Engages in the research, development, production, and operation of silicon and other semiconductor materials and equipment in China.

CPFL Energia

Market Cap: R$53.3b

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

Alpha Bank

Market Cap: €9.1b

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

TIM

Market Cap: R$53.2b

Engages in the telecommunications sector in Brazil.

China Zheshang Bank

Market Cap: HK$81.2b

Provides corporate and retail banking services in Mainland China.

Globus Medical

Market Cap: US$10.3b

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

Bank of Ayudhya

Market Cap: ฿343.9b

Provides commercial banking products and services to individuals, corporates, small and medium-sized businesses, and financial institutions.

United Spirits

Market Cap: ₹983.9b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Marks and Spencer Group

Market Cap: UK£7.7b

Operates various retail stores.

Interconexión Eléctrica E.S.P

Market Cap: Col$33.7t

Engages in the electric power, roads, and ICT and telecommunications business activities.

Globalstar

Market Cap: US$10.3b

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

Novatek Microelectronics

Market Cap: NT$329.8b

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.

Taiwan Mobile

Market Cap: NT$328.8b

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

Busy Ming Group

Market Cap: HK$80.2b

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

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.

Chongqing Genori Technology

Market Cap: CN¥69.1b

Manufactures core components and materials.

JoulWatt Technology

Market Cap: CN¥68.7b

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

Chongqing Rural Commercial Bank

Market Cap: HK$79.5b

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

Zions Bancorporation National Association

Market Cap: US$10.1b

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.

J Sainsbury

Market Cap: UK£7.5b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Shree Cement

Market Cap: ₹960.3b

Engages in the manufacture and sale of cement and clinker in India and internationally.

Vanguard International Semiconductor

Market Cap: NT$323.1b

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

ASMPT

Market Cap: HK$78.8b

An investment holding company, engages in the design, manufacture, and marketing of machines, tools, and materials used in the semiconductor and electronics assembly industries internationally.

OGE Energy

Market Cap: US$10.0b

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