KTOR.JP – WILLIAM O'NEIL+CO

O’Neil Consumer/Retail Weekly

Posted on May 14, 2025 by Tristan d'Aboville

Consumer Staples (XLP): The index declined ~1.7% in the past one week and broke below all key moving averages. Support is at $75.6 (-5.4%), followed by $72.9 (-9.6%).

Best-performing IGs: Good improvement in the Industry Group Rank of Beverages-Non-Alcoholic and Food- Misc Preparation over the last eight weeks, with the Rank improving to 18 from 80 and 44 from 107, respectively.

Worst-performing IGs: Food-Confectionary and Food-Grain and Related are the groups, which showed a decline of 36 and 38 spots, respectively, over the last four weeks. Beverages-Alcoholic and Soap & Clng Preparations are the other Industry Group with poor Industry Group Ranks

Global Laggards

Posted on May 30, 2024May 31, 2024 by Cornelio Ash

Highlighted Charts

U.S.: Quaker Houghton (KWR), Graco (GGG), Lincoln Electric (LECO), MGM Resorts (MGM), Red Rock Resorts (RRR), Wyndham Hotels & Resorts (WH), Lamb Weston (LW), Helmerich & Payne (HP), MSCI (MSCI), Bio Rad (BIO), Sysco Corp (SYY), Lumentum Holdings (LITE), Dynatrace Inc (DT), IAC Inc (IAC), Adobe Inc (ADBE), Landstar (LSTR).

Developed: Elbit Systems (ESLT.IL; ESLT IT), Kyoritsu Maintenance (KTOR.JP; 9616 JP), Diageo (DGE.GB; DGE LN), Airport City (ARPT.IL; ARPT IT), Shimamura (SHIM.JP; 8227 JP), STMicroelectronics (STM.IT; STMMI IM).

Emerging: Airtac International (AIG.TW; 1590TT), Hyundai Mobis (HAC.KR; 012330 KS), Ambev (AVS.BR; AVEB3 BZ), Fomento Mexicano (FMU.MX; FEMSAUBD MM), Ultrapar (U3G.BR), Jabal Omar Development (JAB.SA; JOMAR AB), Globalwafers (GWC.TW; 6488 TT).

Global Laggards

Posted on June 1, 2023June 2, 2023 by Cornelio Ash

Highlighted Charts

U.S.: HB Fuller (FUL), Silgan Holdings (SLGN), Autoliv (ALV), Borgwarner (BWA), Magna International (MGA), Visteon (VC), Marriott Vacations (VAC), Estee Lauder (EL), Imperial Oil (IMO), Magnolia O&G Corp Cl A (MGY), State Street Corp (STT), BGC Partners (BGCP), Henry Schein (HSIC), Dillards (DDS), Corning (GLW), Trimble (TRMB), Spirit Airlines (SAVE).

Developed: Asahi Kasei (AC@N.JP, 3407 JP), Nabtesco (NACO.JP; 6268 JP), Vivendi (EX@F.FR; VIV FP), Rightmove (RMV.GB; RMV LN), Renault (RENU.FR; RNO FP), Michelin (MCL.FR; ML FP), Samsonite (SAM.HK; 1910 HK), Kyoritsu Maintenance (KTOR.JP; 9616 JP), Treasury Wine Estate(TWE.AU; TWE AU ), Tsingtao Brewery(TSIN.HK; 168 HK), DBS Group Holdings (DBSS.SG; DBS SP), Premier Investment (PMV.AU; PMV AU),.

Emerging: Saudi Basic Industries (BIC.SA, SABIC AB), El Puerto De Liverpool (PLC.MX; LIVEPOLC MM).

Global Laggards

Posted on February 16, 2023February 17, 2023 by Cornelio Ash

Highlighted Charts

U.S.: Nutiren (NTR), Paychex (PAYX), Sealed Air Corp (SEE), Mattel (MAT), Archer Daniels Midland (ADM), General Mills (GIS), Duckhorn Portfolio (NAPA), Antero Resources Corp (AR), Daqo New Energy Corp Ads (DQ), Devon Energy Corp (DVN), Credicorp (BAP), Molina Healthcare (MOH), CVS Health (CVS), Viavi Solutions (VIAV), Trimble (TRMB), Calix (CALX), Akamai Technolgies (AKAM), Air Transport Services Group (ATSG), Spirit Airlines (SAVE).

Developed: Nissan Chemical Industries (NH@N.JP; 4021 JP), Kyocera (CQ@N.JP; 6971 JP), Kyoritsu Maintenance ( KTOR.JP; 9616 JP), Kintetsu Group Hdg. (KINR.JP; 9041 JP), Kikkoman (KN@N.JP; 2801 JP), Mitsubishi Estate (ME@N.JP; 8802 JP), Kyowa Hakko (KH@N.JP; 4151 JP), Marui Group (UI@N.JP; 8252 JP), Fujifilm Holdings (FP@N.JP; 4901 JP), Seiko Epson (SEEP.JP; 6724 JP), Ulvac (ULVA.JP; 6728 JP), Kakaku.com (KAKA.JP; 2371 JP).

Emerging: Charoen Pokphand Foods (CPFT.TH; CPF TB), Balkrishna Industries (BKS.IN; BIL IN), Cj Cheiljedang (CJC.KR; 097950 KS), Pepkor Holdings (PPHJ.ZA; PPH SJ), Hyundai Glovis (GLV.KR, 086280:KS).

Global Laggards

Posted on April 8, 2021April 8, 2021 by Cornelio Ash

Highlighted Charts

U.S.: B2Gold (BTG), Silvercrest Metals (SILV), Fifty One Job Inc Ads (JOBS), Ormat Technologies (ORA), Green Dot (GDOT), Neurocrine Biosciences (NBIX), PROG Holdings (PRG), Vicor Corp. (VICR), Mimecast Limited (MIME), Cable One Inc (CABO).

Developed: Alps Alpine Co (AL@N.JP; 6770 JP), Kyoritsu Maintenance (KTOR.JP; 9616 JP), Uni Charm (UNRM.JP; 8113 JP), Hansoh Pharmaceutical (HANP.HK; 3692 HK), Ichibanya (ICHB.JP; 7630 JP), Cellnex Telecom (CLNX.ES; CLNX SM), Trend Micro (REND.JP; 4704 JP)

APAC Weekly Summary

Posted on March 13, 2019March 27, 2019 by Derek Higa

Key Points:
Several major markets pulled back on Friday, led by a drawdown in the China A‐shares market.
Despite this, China’s markets remain constructive. The CSI 300 is in consolidation and holding above support
(~3,600), with a low distribution day count ( two ).
We moved India back to a Confirmed Uptrend from an Uptrend Under Pressure. The Sensex is trading at year highs
again.
Japan triggered a follow‐through day (day 50 of a Rally Attempt) but volume was below average despite being
greater then the previous day. We remain skeptical due to the rarity of late follow‐through days and other factors.
Monthly volume is declining and breakouts are still historically low.
In Japan Sector Rotation, it is much of the same from a month ago but there is noticeable short‐term rotation in
Health Care, Technology, and Staples.
Highlighted Focus List Idea: Lasertec ( LASE.JP; 6920:JP ). It is extended but look for an opportunity to add to
positions at new highs.

APAC Weekly Summary

Posted on February 13, 2019March 7, 2019 by Derek Higa

Key Points:
There was no change in the MSCI Asia or market conditions through Wednesday. The MSCI is consolidating near resistance while the majority of APAC remains in a Confirmed Uptrend. As of Thursday (February 7), we added nine new ideas to our APAC Focus List. We continue to notice constructive price action across sectors. The number of stocks above the 200‐DMA is rising. This is encouraging. Japan is in a Rally Attempt and we are still waiting for an official follow‐through day. The Nikkei is in its twenty‐ninth trading session without one, despite rising ~12% above December lows.

Looking back at Rally Attempt days over the past 10 years, it is rare that the Nikkei not have a strong follow‐through day.
The longest Rally Attempt most recently was from March to May 2018. The number of stocks breaking out or in pivot is still low historically. Currently, the most improvement in stocks with RS Ratings greater than 80 are among mid‐cap Japanese stocks ($2B to $10B market cap). Japan’s Sector Graph shows short‐term rotation into Technology and Cap Equipment. Although they are still lagging longer term, we are noticing early signs of improvement. We provided an Interest list of Japanese ideas with both strong fundamental growth and improving technical ratings. In our Focus List, we highlighted Lasertec (LASE.JP; 6920: JP).

Global Laggards

Posted on October 4, 2018February 1, 2019 by Heetae Kim

Highlighted Charts

U.S.: Fuller HB ( FUL ), Cimpress ( CMPR ), Cal-Marine Foods ( CAL ), MRC Global ( MRC ), Houlihan Lokey ( HLI ), Weyerhaeuser ( WY ), Perrigo ( PRGO ), Performance Food Group ( PFGC ), Buckle ( BKE ), Kulicke & Soffa Industries ( KLIC ), Instructure ( INST ), 2U ( TWOU ), Sina ( SINA ), HUB Group ( HUBG )

Developed: BASF ( BASX.DE; BAS:GR ), CCL Industries ( CCL/B.CA; CCL/B:N ), Sega Sammy ( SESA.JP ), Canadian Natural Resources ( CNQ.CA; CNQ:CT ), Jyske Bank ( JYS.DK; JYSK:DC ), Grifols ( PROB.ES; GRF:SM ), Kesko ( KESK.FI; KESKOB:FH ), Sodexo ( SDX.FR; SW:FP ), Zozo ( STRT.JP; 3092:JP ), Infineon Technologies ( IFXX.DE; IFX:GR ), Square Enix ( ENIX.JP; 9684:JP ), Koninklijke ( KPN.NL; KPN:NA ), Qantas Airways ( QAN.AU; QAN:AU )

Emerging: POSCO (PIS.KR; 005490:KS), Paradise Co Ltd (PCL.KR; 034230:KS), Banpu (BPCT.TH; BANPU:TB), Bharat Financial (BF1.IN; BHAFIN:IN), Hon Hai Precision Industry (HON.TW; 2317:TT)

Stocks worth focusing on in this week’s Global Laggards:

U.S.

Cimpress ( CMPR ) – Capital Equipment ( $4B market cap ) – an online provider of custom printing and graphic design services, with a focus on individuals and small/medium businesses. The company’s most well-recognized brand is Vistaprint. Cimpress has 20 localized websites serving North America, Europe, and APAC.

The company’s core Vistaprint brand faces an increasingly competitive environment and requires extensive marketing to maintain its double-digit growth rate. As such, we believe margins will remain under pressure for the foreseeable future.

The shrinking demand for business cards (a key customer acquisition tool for Vistaprint) represents a meaningful headwind. More broadly, the commercial printing industry is in secular decline.

Cimpress has missed consensus estimates for six out of the last seven quarters.

The stock recently fell below its 50- and 200-DMA, and has declined in each of the past six sessions. On October 2, it breached its YTD low that it had previously setin May.The stock‘s RS line has been declining since March, with a current RS Rating of 55 (poor), while its weak A/D Rating indicates ongoing distribution.

Global Laggards

Posted on September 27, 2018February 1, 2019 by Heetae Kim

Highlighted Charts

U.S.: Pan American Silver Group ( PAAS ), Brinks ( BCO ), Cooper-Standard Holdings ( CPS ), Meritage Homes Corp ( MTH ), Hertz Global Holdings ( HTZ ), EQT Corporation ( EQT ), Bankunited ( BKU ), Umpqua Holdings ( UMPQ ), Perrigo ( PRGO ), Buckle ( BKE ), Group I Automotive ( GPI ), Microchip Tech ( MCHP ), Instructure Inc ( INST )

Developed: Henkel AG & CO ( HEN3X.DE; HEN3 GR ), Relx ( REL.GB; REL LN ), Intertek Group ( ITRK.GB; ITRK LN ), Telecom Italia ( TITR.IT; TITR IM ), AB InBev ( ABI.BE; ABI BB ), IG Group Holdings ( IGG.GB; IGG LN ), Country Garden Holdings ( COGA.HK; 2007 HK ), Grifols ( PROB.ES; GRF SM ), Kesko ( KESK.FI; KESKOB FH ), ST Micro Electronics ( STM.IT; STM MI ), Ryanair Holdings PLC ( RYA.GB;RYA LN )

Emerging: Cemex Cpo ( CMC.MX; CEMEXCPO MM ), Embraer On ( EA3.BR; EMBR3 BZ ), Turkcell Iletisim ( TKC.TR; TCELL TI ), Bidvest Group ( BVTJ.ZA, BVT SJ ), Lojas Americanas ( LM4.BR; LAME4 BZ ), SK Hynix ( HYI.KR; 000660 KS )

Stocks worth focusing on in this week’s Global Laggards:

U.S.

Meritage Homes ( MTH ) – Cyclical ( $1.6B market cap ) – Builds and sells single-family homes across the Western, Southern, and Southeastern regions of the United States. Meritage is the seventh largest U.S. homebuilder based on homes closed last year.

MTH shares fell to a new 12-month low on Thursday, September 27 on concerns around home affordability after the Federal Reserve discussed plans for several interest rate increases over the next 15 months.

On Thursday, September 20, the National Association of Realtors released a report indicating flat growth in existing home sales for the month of August, which was below consensus expectations. Additionally, home inventories were at the highest level in three years.

Looking forward, higher inventories and declining affordability are likely to weigh on new home sales in 2019.

MTH trades at peer group average multiples despite the company’s inferior margin profile and lower projected growth across sales, EPS, and EBITDA for 2019 and 2020.

RS line is hitting seven-year lows, along with a RS Rating of 24 and A/D Rating of D-.

The Homebuilders group is ranked 196 out of the 197 O’Neil industry groups, with many constituents under technical pressure.

Global Laggards

Posted on August 16, 2018February 1, 2019 by Heetae Kim

Attached is the latest Global Laggards report from our analysts.

This report has been curated by our sector analysts to find stocks showing technical weakness. We believe these stocks are laggards relative to their own domestic markets. We recommend that they be underweighted as they may be vulnerable to further downside risk and underperformance.

Highlighted Charts

U.S.: Axalta Coating Systems (

), Mastec (

), Caterpillar ( CAT ), Goodyear Tire & Rubber ( GT ), Hain Celestial Group ( HAIN ), Core Laboratories ( CLB ), Umpqua Holdings Corp ( UMPQ ), Tivity Health ( TVTY ), Cars.com ( CARS ), JD.com ( JD ), Infinera ( INFN ), Zynga Inc ( ZNGA ), Jetblue Airways ( JBLU ).

Developed: South32 (S32.AU; S32 AU), Nidec ( NDEN.JP; 6594 JP ), Horiba ( HORI.JP; 6856 JP ), Nissan Motor ( NR@N.JP, 7201 JP ), Ontex Group ( ONTE.BE; ONTEX BB ), Pjsc Gazprom ( OGZD.GB; OGZD LI ), Unicredit ( UCG.IT; UCG IM ), Otsuka Holdings ( OTHD.JP; 4578 JP ), Metcash ( MTS.AU; MTS AU ), Siltronic ( WAFX.DE; WAF GR ), Adecco ( ADEN.CH; ADEN SW ), Royal Mail ( RMG.GB; RMG LN ).

Emerging: Posco ( PIS.KR; 005490 KS ), Hero Motocorp ( HER.IN; HMCL IN ), LG Household & Healthcare ( LHH.KR; 051900 KS ), Bradespar Pn ( R4P.BR; BRAP BZ ), Lojas Americanas ( LM4.BR; LAME4 BZ ), Quanta computer ( QUM.TW; 2382 TT ), Korean Air Lines ( KAA.KR; 003490 KS ).