Register / Sign in

Share prices

25/06/2018

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 22 June 2018. BDN financial editor Roger Willis reports.

The Trump administration’s dystopian economic vision is now impinging on most of the world through a blizzard of tariffs and counter-tariffs which have now been unleashed. As a result, stock markets almost everywhere are firmly on the back foot. Pain is particularly acute for many automotive manufacturers, including motorcycle makers.

American investors are now also troubled by the destructive impact of their government’s policies and in the past week New York joined a tidal wave of pessimism. Although the S&P 500 index only slide by 0.4%, the Dow Jones Industrial Average was 1.5% down. Harley-Davidson and Polaris were worse, respectively falling by 3.5% and 4%.

With German automotives right in the tit-for-tat tariff firing line from multiple directions, Frankfurt’s DAX Xetra sank by 2.8% and the pan-eurozone Eurofirst 300 index lost 1%. Volkswagen and BMW suffered respective plunges of 6.6% and 6.5%. Milan’s MIB index was also 1% lower. Energica fell by 2.4% but Piaggio remained dead flat for a second week.

Gloom was equally pronounced in Japan, where Tokyo’s Nikkei 225 index dropped by 1.3% and that nation’s exporting motorcycle producers all fell further. Honda and Yamaha were both 5.4% down. Kawasaki lost 5.1% and Suzuki a comparatively modest 1.7%.

Among major emerging countries, Indian enjoyed the dubious accolade among market indices everywhere of singular positivity — because the BSE Sensex actually rose by 0.3%. Unfortunately, even such thin confidence didn’t extend to its indigenous bike businesses. Hero and Eicher both fell by 1.5% while Bajaj was 1.6% down. TVS was on the marginally negative side of flat.

China, head-to-head with the US in an escalating trade conflict, saw affected exporter stock prices slaughtered. Bikers were in the vanguard. Linhai took the hardest hit, diving by 26.3%. Qianjiang was 11.7% down. Sundiro, Jialing, Lifan and CFMoto all lost around 9%. Zongshen, Loncin and Guangzhou Auto bracketed retreats either side of a 5% marker.  

                     
Price (P) Daily change (C) 52-week range (R) One-year investment return (Y)  

USA (US dollar)

Harley-Davidson    P 44.33  C -2.02%  R 56.95 - 39.34  Y -18.67%
Polaris    P 125.45  C -0.76%  R 137.66 - 86.51  Y +38.9%
Textron    P 67.17  C +0.73%  R 69.36 - 45.00  Y +48.04%
US Highland    P 0.0019  C +26.67%  R 0.0107 - 0.0006  Y N/A
Curtiss    P 0.51  C N/A  R 1.50 - 0.069  Y N/A

Notes: Polaris makes Indian bikes, ATVs, snowmobiles, quadricycles and EVs. Textron produces own-brand ATVs. US Highland makes off-road bikes. Curtiss Motorcycles, formerly Confederate Motors, makes limited-edition cruisers.

CANADA (Canadian dollar)

BRP    P 60.72  C -6.99%  R 66.36 - 37.06  Y +54.35%

Notes: Bombardier Recreational Products makes Can-Am ATVs and Spyder road trikes, Ski-Doo snowmobiles, Sea-Doo PWC and Rotax proprietary engines.

TAIWAN (Taiwanese dollar)

Sanyang    P 21.40  C -0.47%  R 23.65 - 20.00  Y +3.65%

Notes: Sanyang Motor (SYM) is the leading Taiwanese bike manufacturer.

VIETNAM (Hong Kong dollar)

VMEPH    0.44  C N/A  R 0.48 - 0.40  Y -8.33%

Notes: Vietnam Manufacturing & Export Processing Holdings, a JV partner of SYM, is the third-largest Vietnamese bike manufacturer.

INDONESIA (rupiah)

Astra    P 6600  C -1.12%  R 9025 - 6525  Y -24.21%
Indomobil    P 4530  C -1.95%  R 4780 - 815  Y +317.42%

Notes: Astra International is a Honda JV partner. Its controlling shareholder is British conglomerate Jardine Matheson. Indomobil Sukses Internasional is a Suzuki JV partner.

EUROPE (euro)

BMW    P 80.31  C -1.12%  R 97.50 - 77.07  Y -4.59%
VW    P 148.10  C -0.07%  R 191.80 - 127.50  Y +9.57%
KTM    P 62.20  C +1.97%  R 70.00 - 46.61  Y +30.62%
Piaggio    P 2.06  C +3.52%  R 2.86 - 1.95  Y +0.49%
Energica    P 2.90  C N/A  R 3.39 - 2.71  Y -6.63%

Notes:  Volkswagen Group owns Ducati. Energica Motor is an Italian manufacturer of electric superbikes

PAKISTAN (Pakistani rupee)

Atlas Honda    P 531.00  C -1.67%  R 640.00 - 470.00  Y -11.5%
Pak Suzuki    P 402.87  C +0.68%  R 805.00 - 391.53  Y -48.11%

Notes: Atlas Honda and Pak Suzuki are JV assembly partners.

INDIA (rupee)

Hero    P 3637.65  C +0.07%  R 4200.00 - 3353.75  Y -0.17%
Bajaj    P 2832.20  C +0.07%  R 3472.60 - 2694.50  Y +1.53%
TVS    P 582.65  C -0.09%  R 794.90 - 524.50  Y +7.93%  
Eicher    P 29,140.65  C -0.97%  R 33,483.95 - 26,000.00  Y +5.62%
Mahindra    P 908.20  C +2.78%  R 933.50 - 612.00  Y +31.32%  
Maharashtra    P 2889.80  C +4.18%  R 3450.00 - 1831.10  Y +52.63%
Scooters India    P 42.30  C +4.06%  R 79.70 - 37.05  Y -17.06%

Notes: Hero MotoCorp is a former Honda JV partner. Bajaj has a major shareholding in KTM and ties with it and Kawasaki. TVS is a former Suzuki JV partner and BMW Motorrad contractor. Eicher makes the Royal Enfield brand. Mahindra & Mahindra has an own-brand bike range, a majority stake in French scooter brand Peugeot and owns formerly British BSA and Czech Jawa brand rights. Maharashtra Scooters assembles CKD scooter kits manufactured by Bajaj. Scooters India makes Vikram three-wheeled taxis and light trucks.

JAPAN (yen)

Honda    P 3342  C -1.97%  R 4151 - 3000  Y +12.95%
Yamaha    P 2857  C -1.45%  R 3935 - 2744  Y -0.19%
Suzuki    P 6321  C +0.97%  R 6811 - 5100  Y +20.54%
Kawasaki    P 3240  C -1.37%  R 4620 - 3150  Y +4.28%

CHINA (yuan)

Qianjiang    P 12.23  C +0.66%  R 23.99 - 11.78  Y -21.1%
Zongshen    P 4.91  C -0.2%  R 7.82 - 4.67  Y -32.97%   
Sundiro    P 4.29  C +1.18%  R 8.47 - 4.14  Y -46.89%
Jialing    P 4.50  C +1.12%  R 6.83 - 4.34  Y -28.46%
Lifan    P 5.15  C +3.47%  R 9.44 - 4.98  Y -35.47%
Loncin    P 5.36  C +3.47%  R 8.62 - 4.86  Y -19.49%
Linhai    P 6.76  C -5.19%  R 14.22 - 6.42  Y -49.66%
GAG    P 12.01  C -1.31%  R 21.44 - 11.11  Y -36.95%
CFMoto    P 20.31  C +0.69%  R 50.92 - 19.63  Y N/A

CHINA (Hong Kong dollar)

Jianshe    P 5.66  C +1.25%  R 11.65 - 5.30  Y -36.26%

Notes: Qianjiang owns Keeway and Benelli. Zongshen makes own-brand bikes and proprietary engines, and has JV partnerships with Piaggio, (scooters), and Harley-Davidson (parts). Sundiro is a Honda JV partner. Jialing makes own-brand bikes using Honda licensed technology. Lifan makes own-brand bikes and distributes MV Agusta in China. Loncin is a Kawasaki JV partner and OEM engine contractor to BMW Motorrad. Linhai and Jianshe are Yamaha JV partners. Guangzhou Automobile Group (GAG) is the parent of Honda JV partner and own-brand bike manufacturer Wuyang. CFMoto makes bikes and ATVs, exporting to the UK under the WK Bikes brand.

MALAYSIA (ringgit)

Oriental Holdings    P 6.51  C -0.15%  R 6.83 - 6.06  Y +0.49%
Hong Leong    P 11.36  C +0.35%  R 12.30 - 9.00  Y +19.17%

Notes: Oriental Holdings is a Honda JV partner. Hong Leong Industries is a Yamaha JV partner.

SOUTH KOREA (won)

KR    P 698  C -2.51%  R 1672.5 - 475.5  Y -46.2%
Daelim    P 80,000  C +0.88%  R 94,000 - 70,000  Y -3.69%

Notes: KR Motors makes Hyosung bikes and ATVs. Daelim Industrial retains a controlling 59% stake in Daelim Motor, the largest bike manufacturer in Korea. (The remainder is British, owned by Standard Chartered Bank.)