19 FEBRUARY: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 19 February 2016.

A bullish mood infused confidence into global markets for most of the past week, prompting impressive equities recovery and delivering the strongest performance this year. Investor risk appetite was primarily boosted by climbing oil prices in advance of undertakings to freeze output by Saudi Arabia and Russia.

This was reflecting in a basket of distinctly positive indices. New York’s S&P 500 put on 2.72%. The eurozone’s Eurofirst 300 did better, 4.3% up. The Nikkei 225 in Tokyo topped the lot with a 6.79% rise.

Harley-Davidson and Polaris share prices exceeded US optimism by a significant degree, respectively stacking on 8.5% and 7.6% week-on-week. Volkswagen led the German charge, improving by 5.9%. Daimler followed on 5.2% with BMW up by 4.5%. Elsewhere in Europe, Piaggio added 2.8%. And all four Japanese motorcycle manufacturers clawed back a big slice of the previous week’s grievous losses.

As for emerging markets, India’s BSE Sensex 30 rose by 3.15% and every Indian bike producer without exception felt the benefit to a greater or lesser extent. Chinese investors also felt rejuvenated by the previous week’s Lunar New Year celebrations, as the Shanghai Composite index grew by 3.54%. Only two of its listed bike makers missed out. Honda JV partner Sundiro remained static under a trading suspension while Yamaha associate Jianshe suffered from what looked like a dose of profit-taking on juicy annual gains.

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

USA (US dollar)

Harley-Davidson    P 42.00  C +0.94%  R 65.20 – 36.36  Y -32.03%

Polaris    P 85.85  C -0.59%  R 158.24 – 67.80  Y -43.92%

Arctic Cat    P 14.82  C +3.93%  R 39.72 – 8.90  Y -61.32%

US Highland    P 0.21  C +4.5%  R 1.05 – 0.11  Y -59.81%

Viper    P 0.0008  C N/A  R N/A  Y N/A 

Confederate    P 0.15  C N/A  R 0.33 – 0.08  Y N/A

Notes: Polaris makes Victory and Indian bikes, ATVs, snowmobiles, quadricycles and EVs. Arctic Cat makes ATVs and snowmobiles. US Highland makes off-road bikes. Viper Powersports makes the Diamondback Super Cruiser. Confederate Motors makes Combat Fighter cruisers.

CANADA (Canadian dollar)

BRP    P 15.73  C +3.08%  R 29.80 – 13.76  Y -31.9%

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

TAIWAN (Taiwanese dollar)

Sanyang    P 21.50  C +0.7%  R 28.75 – 19.15  Y -20.37%

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

VIETNAM (Hong Kong dollar)

VMEPH    P 0.38  C N/A  R 0.85 – 0.36  Y -21.05%

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

INDONESIA (rupiah)

Astra    P 6900  C -2.13%  R 8575 – 4975  Y -9.14%

Indomobil    P 2080  C -0.24%  R 4200 – 1860  Y -45.82%

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 73.70  C -2.04%  R 123.75 – 65.99  Y -32.77%

Daimler    P 63.21  C -2%  R 96.07 – 57.01  Y -23.77%

VW    P 117.22  C -5.82%  R 254.99 – 95.00  Y -45.59%

KTM    P 128.00  C N/A  R 134.90 – 99.69  Y -2.77%

Piaggio    P 1.84  C -3.01%  R 3.18 – 1.56  Y -34.29%

Notes: Daimler’s AMG-Mercedes subsidiary has a 25% stake in MV Agusta. Volkswagen Group owns Ducati.

PAKISTAN (Pakistani rupee)

Atlas Honda    P 365.00  C -1.67%  R 414.80 – 311.37  Y N/A

Pak Suzuki    P 430.10  C -2.64%  R 532.00 – 330.00  Y N/A

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

INDIA (rupee)

Hero    P 2706.20  C 3.38%  R 2800.00 – 2251.30  Y +2.91%

Bajaj    P 2455.80  C +2.05%  R 2656.00 – 1912.50  Y +13.5%

TVS    P 287.75  C +0.96%  R 309.80 – 201.00  Y -1.97% 

Eicher    P 18,626.45  C -0.36%  R 21,620.00 – 13,900.10  Y +14.19%

Mahindra    P 1230.25  C +1.37%  R 1442.05 – 1091.25  Y -0.81%

Maharashtra    P 1178.90  C +0.68%  R 1619.00 – 785.85  Y +41.57%

Scooters India    P 26.30  C -2.95%  R 35.05 – 21.75  Y -11.6%

Notes: Hero MotoCorp is an own-brand 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 now BMW Motorrad contractor. Eicher makes the Royal Enfield brand. Mahindra & Mahindra has an own-brand bike range and a majority stake in French scooter brand Peugeot. Maharashtra Scooters assembles CKD scooter kits manufactured by Bajaj. Scooters India makes Vikram three-wheeled taxis and light trucks. The Indian government has a majority stake.

JAPAN (yen)

Honda    P 2951  C -2.7%  R 4499 – 2726  Y -23.86%

Yamaha    P 1821  C -3.65%  R 3245 – 1593  Y -33.15%

Suzuki    P 2868.5  C -1.63%  R 4780.5 – 2662.5  Y -22.81%

Kawasaki    P 305  C -2.87%  R 647 – 269  Y -44.45%

CHINA (yuan)

Qianjiang    P 8.03  C -0.62%  R 17.11 – 5.55  Y +24.88%

Zongshen    P 10.05  C -0.59%  R 30.15 – 8.42  Y -7.01%  

Sundiro    P 5.71  C N/A  R 12.69 – 4.84  Y N/A [Trading halted]

Jialing    P 7.05  C -1.26%  R 16.34 – 5.27  Y -9.85% 

Lifan    P 10.79  C -0.09%  R 27.99 – 8.05  Y +16.56%

Loncin    P 18.29  C +0.05%  R 39.48 – 13.00  Y +24.01%

Linhai    P 10.75  C +1.51%  R 14.71 – 8.41  Y +15.34%

GAG    P 21.21  C -0.38%  R 24.85 – 8.40  Y +151.72%

CHINA (Hong Kong dollar)

Jianshe    P 16.01  C -4.53%  R 19.99 – 7.37  Y +111.21%

Notes: Qianjiang owns Keeway and formerly Italian 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.

MALAYSIA (ringgit)

Oriental Holdings    P 6.82  C +0.59%  R 7.93 – 6.48  Y -1.76%

Hong Leong    P 5.80  C -1.86%  R 6.30 – 4.32  Y +35.73%

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

SOUTH KOREA (won)

KR    P 1195  C +0.42%  R 1770 – 905  Y +0.42%

Daelim    P 81,700  C -1.57%  R 98,000 – 54,800  Y +43.33%

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.)