30 OCTOBER: WEEKLY MOTORCYCLE INDUSTRY SHARE PRICES

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 30 October 2015.

US equities enjoyed a positive week, albeit ending on a cautious note, with the S&P 500 index finishing 0.81% up. Polaris and Harley-Davidson both recovered slightly from their recent spanking, although Harley is still under 50 bucks and almost 30% below its 12-monthly peak last December.

On this side of the Atlantic, the eurozone’s Eurofirst 300 dipped marginally by 0.41% and virtually all bike-related stocks followed suit. Oddly, the sole exception was strife-torn Volkswagen, posting a minor gain. 

The world’s other developed market, Japan, was generally optimistic in line with much American sentiment — as the Nikkei 225 rose by 1.37%. However, that message didn’t reach investors in Japanese motorcycle manufacturers. Three of them lost some ground while Kawasaki remained dead flat week-on-week.

Big emerging markets were mixed. In India, most bike shares were negative to a small degree. Royal Enfield parent Eicher suffered the biggest drop, a tolerable 2.3% down. China had a positive overall consensus, though, with mercifully modest advances and retreats rather than the casino-styling gambling which eventually burst a stock bubble earlier this year.                          

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

USA (US dollar)

Harley-Davidson    P 49.45  C -1.02%  R 70.41 – 46.47  Y -23.19%

Polaris    P 112.34  C -0.31%  R 159.33 – 104.10  Y -24.48%

Arctic Cat    P 20.54  C +2.14%  R 39.72 – 16.60  Y -38.01%

US Highland    P 0.42  C N/A  R 1.05 – 0.13  Y N/A

Viper    P 0.001  C N/A  R 0.0048 – 0.001  Y -71.43%

Confederate    P 0.30  C +20%  R 0.52 – 0.06  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 23.54  C -0.25%  R 29.80 – 20.67  Y -4.11%

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 21.70  C -0.91%  R 31.60 – 19.15  Y -19.33%

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

VIETNAM (Hong Kong dollar)

VMEPH    P 0.48  C -2.04%  R 0.85 – 0.40  Y +3.23%

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

INDONESIA (rupiah)

Astra    P 5900  C +1.72%  R 8575 – 4975  Y -9.98%

Indomobil    P 3000  C +10.7%  R 4200 – 2610  Y -21.86%

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 93.09  C -0.59%  R 123.75 – 72.05  Y +12.1%

Daimler    P 78.41  C -0.4%  R 96.07 – 60.22  Y +29.89%

VW    P 125.60  C -0.04%  R 254.99 – 95.00  Y -24.34%

KTM    P 118.45  C +2.47%  R 141.00 – 99.69  Y +12.36%

Piaggio    P 2.26  C -0.44%  R 3.18 – 2.10  Y +4.05%

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

PAKISTAN (Pakistani rupee)

Atlas Honda    P 359.00  C +4.13%  R 409.00 – 285.61  Y N/A 

Pak Suzuki    P 464.01  C -2.94%  R 493.00 – 311.50  Y N/A

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

INDIA (rupee)

Hero    P 2581.40  C -1.72%  R 3271.80 – 2251.30  Y -14.82%

Bajaj    P 2550.45  C -1.04%  R 2695.00 – 1912.50  Y -0.38%

TVS    P 265.50  C +0.57%  R 322.30 – 201.00  Y +3.2%  

Eicher    P 17,742.45  C +1.86%  R 21,620.00 – 11,501.10  Y +39.34% 

Mahindra    P 1183.60  C -3.6%  R 1442.05 – 1092.15  Y -8.53% 

Maharashtra    P 1311.90  C +4.82%  R 1339.95 – 785.85  Y +43.68% 

Scooters India    P 29.00  C -4.61%  R 38.85 – 21.75  Y -9.94% 

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 4044  C +1.71%  R 4499 – 3342  Y +18.95%

Yamaha    P 2742  C +0.85%  R 3245 – 1992  Y +35.35%

Suzuki    P 3990  C -0.13%  R 4780.5 – 3411.5  Y +10.02%

Kawasaki    P 489  C -1.61%  R 647 – 398  Y +16.41%

CHINA (yuan)

Qianjiang    P 8.44  C -0.82%  R 17.11 – 5.55  Y +24.48%

Zongshen    P 15.50  C +0.13%  R 30.15 – 7.75  Y +73.77%   

Sundiro    P 6.74  C +3.85%  R 12.69 – 4.70  Y +24.58%

Jialing    P 9.32  C +4.72%  R 16.34 – 5.27  Y +24.1%  

Lifan    P 13.08  C -0.46%  R 27.99 – 8.31  Y +47.89% 

Loncin    P 20.38  C +0.3%  R 39.48 – 12.82  Y +26.18%

Linhai    P 13.37  C N/A  R N/A  Y N/A [Trading suspended]

Guangzhou Auto    P 20.86  C +0.87%  R 21.38 – 7.74  Y +169.79%

CHINA (Hong Kong dollar)

Jianshe    P 11.38  C N/A  R 19.99 – 6.85  Y N/A [Trading suspended] 

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 is the parent of Honda JV partner and own-brand bike manufacturer Wuyang. 

MALAYSIA (ringgit)

Oriental Holdings    P 7.02  C N/A  R 7.93 – 6.46  Y -1.23%

Hong Leong    P 6.27  C +1.13%  R 6.30 – 4.05  Y +39.37%

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

SOUTH KOREA (won)

KR    P 1050  C +4.48%  R 1600 – 831  Y +15.13%

Daelim    P 74,800  C -0.27%  R 98,000 – 50,400  Y +5.66%

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.)