British Dealer News

Share prices

22/02/2021

A snapshot of bike and ATV industry share performance across key manufacturers and major global markets at the trading week closure on Friday 19 February 2021. BDN financial editor Roger Willis reports.

USA — FRESH FEAR FACTOR

American stocks struggled for traction all week as worries about the risk of Biden’s vast economic stimulus package stoking inflation grew.

The consensus of Wall Street indices showed negativity. The S&P 500 and MidCap 400 posted respective losses of 0.7% and and 0.4%, while the Dow Jones Industrial Average was marginally 0.1% up. Powersports shares were all on the back foot to fairly minor degrees.  

HOGOMETER

Kicking off a four-session week on Tuesday, after the NYSE had remained shut on Monday to mark George Washington’s birthday, Harley-Davidson dropped by 1%, and then copped a firmer 2.8% retreat on Wednesday, down to a low of $34.99. On Thursday, investor nerves steadied and the share price added a slim 0.3%. It then rallied by 2.5% on Friday but still finished in the red, 10.4% below Harley’s value immediately pre-results on 2 February.          

Currency: dollar	Price	Week	Month
Harley-Davidson	35.97	-1.1%	-13%
Polaris Industries	121.86	-0.3%	+2.6%
Textron	50.81	-0.2%	+2.2%

EUROPE — MANUFACTURING RECOVERY 

Following a rocky start to the week, an IHS Markit PMI survey of German manufacturers revealed that factory output had surged to a three-year high, backed by other data from eurozone countries indicating similar rates of industrial recovery. Frankfurt’s Xetra Dax index bounced back to finish on a 0.4% gain.

Both Teutonic automotive giants with biker sidelines rode ahead of that, as did KTM parent Pierer.      

Currency: euro	Price	Week	Month
BMW	71.58	+1.9%	+0.5%
Volkswagen	189.10	+4.5%	+5.4%
Pierer Mobility	69.00	+1.5%	+3.8%

Southern European sentiment wasn’t so strong, as Italy’s new technocrat prime minister Mario Draghi fought to impose discipline on his national unity coalition. The Borsa Italiana MIB index in Milan fell by 1.2%, flipping from a fortnight of advances. Piaggio shares flatlined and Energica sank.          

Currency: euro	Price	Week	Month
Piaggio Group	3.12	N/A	+4%
Energica Motor	1.78	-3.3%	+3.5%

JAPAN — INSCRUTABLE MOOD? 

Although the Japanese are now broadly optimistic about economic recovery, a winning streak in Tokyo petered out as the weekend approached. However, the Nikkei 225 index still managed to hang onto a 1.7% rise at close of play.                         

Japan’s four motorcycle manufacturers weren’t among whatever hot stocks were still attracting investors, and only Suzuki claimed a slight gain.          

Currency: yen	Price	Week	Month
Honda	2981	-1.3%	+4.5%
Yamaha	2393	-2.7%	+9.9%
Suzuki	4951	+0.9%	-2.9%
Kawasaki	2294	-0.9%	-4.6%

INDIA — CASHING IN THEIR CHIPS

Given the Indian government’s increasingly challenged economic management credibility, analysts from the Dalal Street financial district in Mumbai began to express opinions that equity valuations were “stretched”. That view promptly unleashed a bout of profit-taking from investors trying to stay ahead of the game.                        

In consequence, the Bombay Stock Exchange BSE Sensex 30 index retreated by 1.3% and every major indigenous motorcycle manufacturer suffered weekly losses.       

Currency: rupee	Price	Week	Month
Hero MotoCorp	3388.40	-3.6%	+0.3%
Bajaj Auto	4000.90	-3.3%	-2.3%
TVS Motor	606.30	-4.7%	+16.1%
Eicher Motors	2585.85	-7%	-13.1%
Mahindra	876.45	-3.6%	+9.8%

CHINA — HOLIDAY HANGOVER

Brokers in Shanghai and Shenzhen returned to work for just two sessions on Thursday and Friday, upon conclusion of the main Lunar New Year holiday celebrations. Trading activity was muted, with expectations of a domestic interest-rate hike putting pressure on equities demand and, potentially, consumer credit.     

Shanghai’s SSE Composite index still rose by 1.1% and six of the ten listed Chinese bike manufacturers stayed shiny side up.                     

Currency: yuan	Price	Week	Month
Qianjiang	23.88	-1.1%	-13.6%
Zongshen	6.97	+4.5%	-2.8%
Sundiro	2.25	+0.4%	-10.4%
CETC Energy	13.30	-2.6%	+3.7%
Lifan	5.39	-0.4%	+0.2%
Loncin	3.19	+6%	-0.9%
Linhai	5.93	+3.7%	+3.1%
Guangzhou Auto	11.22	+2.2%	-6.8%
CFMoto	156.59	-6.8%	-17.1%

 

Currency: HK dollar	Price	Week	Month
Jianshe	4.18	+2.2%	-11.8%