22 November – motorcycle industry share price guide

The Bombardier Recreational Products (BRP) initial public share offer on the Toronto Stock Exchange earlier this year has been hailed as Canada’s most successful, among four indigenous IPOs in 2013. Investors are currently enjoying a steady 31 per cent gain on the offer price.

And in China you might note the reappearance of Qingqi listings on the Shenzhen and Shanghai bourses. Qingqi was ignominiously struck off in February after more than a year’s suspension, following declaration of three consecutive annual losses. Reinstatement does not involve the issuance of new shares — because there’s a Chinese regulatory moratorium on such activities at the moment — and probably represents a covert act of mercy associated with the fact that its majority shareholder (through the South China Industries holding entity) is actually the Chinese government.                          
 

Price (P) High (H) Low (L) Change (C) 52-week range (R) One-year return (Y)  
 

USA (US dollar)

Harley-Davidson    P 67.22  H 67.42  L 66.63  C -0.1%  R 67.68 – 45.686  Y +41.28%

Polaris    P 133.74  H 134.46  L 132.79  C -0.54%  R 136.966 – 79.02  Y +61.97%

Arctic Cat    P 55.42  H 56.00  L 54.77  C -0.5%  R 61.13 – 32.12  Y +54.05%

US Highland    P 0.27  H N/A  L N/A  C N/A  R 0.74 – 0.27  Y N/A

Viper    P 0.03  H 0.03  L 0.025  C -23.08%  R 0.295 – 0.001  Y -88%

Notes: Polaris makes ATVs, snowmobiles, Victory and Indian motorcycles. Arctic Cat makes ATVs and snowmobiles. US Highland makes a range of four-stroke dirt bikes. Viper Powersports produces the Diamondback Super Cruiser with a British-built 2490cc Ilmor engine.
 

CANADA (Canadian dollar)

BRP    P 28.24  H 28.25  L 28.06  C +0.28%  R 29.50 – 21.50  Y N/A

Notes: Bombardier Recreational Products makes Can-Am ATVs and Spyder road trikes, as well as Ski-Doo snowmobiles, Sea-Doo personal watercraft and Rotax engines for a range of applications including motorcycles.
 

EUROPE (euro)

BMW    P 83.85  H 83.89  L 82.85  C +1.15%  R 84.20 – 63.27  Y +31.99%

Piaggio    P 2.234  H 2.254  L 2.22  C -0.09%  R 2.296 – 1.83  Y +23.31%

KTM    P 60.00  H 60.00  L 59.99  C N/A  R 62.00 – 43.505  Y +38.41%

VW    P 187.80  H 188.75  L 185.15  C N/A  R 188.75 – 131.30  Y +27.7%

Notes: Volkswagen is the owner of Ducati Motor Holding
 

INDIA (rupee)

Hero    P 1975.65  H 2011.40  L 1967.00  C -1.06%  R 2150.00 – 1434.05  Y +11.66%

Bajaj    P 1889.35  H 1950.00  L 1884.00  C -2.25%  R 2229.00 – 1656.00  Y +6.42%

TVS    P 50.95  H 51.50  L 48.50  C +4.09%  R 52.70 – 28.10  Y +43.7%  

Eicher    P 4202.00  H 4230.00  L 4190.25  C -0.09%  R 4294.15 – 2437.60  Y +74.38%

Mahindra    P 936.55  H 946.75  L 929.10  C +0.22%  R 1025.87 – 740.15  Y -0.38%

Maharashtra    P 388.15  H 410.00  L 382.25  C -5.4%  R 555.00 – 305.00  Y +7.37%

Scooters India    P 15.55  H 16.00  L 15.55  C -1.27%  R 42.05 – 13.50  Y -39.61%

Notes: Hero MotoCorp is a former Honda JV partner. Bajaj has technical partnerships with KTM and Kawasaki. TVS is a former Suzuki JV partner. Bajaj and TVS also both export. Eicher makes the Royal Enfield brand. Mahindra & Mahindra has a technical partnership with Taiwanese brand SYM and an own-brand motorcycle range. Maharashtra Scooters assembles CKD scooter kits manufactured by Bajaj, which is also a substantial shareholder in the company. Scooters India manufactured Lambretta scooters until 1997 but now only makes Vikram three-wheeled taxis and light trucks. The Indian government has a majority stake.
 

PAKISTAN (Pakistani rupee)

Atlas Honda    P 227.00  H 229.00  L 227.00  C -0.03%  R 235.00 – 108.00  Y N/A

Pak Suzuki    P 137.52  H 139.00  L 136.01  C -0.35%  R 161.91 – 81.70  Y N/A

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

JAPAN (yen)

Honda    P 4295  H 4345  L 4275  C +1.3%  R 4405 – 2670  Y +59.69%

Yamaha    P 1551  H 1580  L 1545  C +0.32%  R 1825 – 823  Y +81.51%

Suzuki    P 2481  H 2528  L 2476  C -1.04%  R 2919 – 1893  Y +29.82%

Kawasaki    P 417  H 420  L 415  C N/A  R 437 – 184  Y +117.39%
 

CHINA (yuan)

Qianjiang    P 4.65  H 4.72  L 4.63  C -0.85%  R 5.75 – 3.72  Y +18.9%

Qingqi    P 3.98  H 4.09  L 3.96  C -0.5%  R 5.19 – 3.38  Y N/A

Zongshen    P 4.80  H 4.96  L 4.76  C -3.23%  R 6.18 – 4.25  Y -17.71%   

Sundiro    P 4.04  H 4.17  L 4.02  C -2.65%  R 5.29 – 3.37  Y -14.69%

Jialing    P 4.28  H 4.39  L 4.05  C +1.9%  R 4.68 – 2.53  Y +46.08%  

Lifan    P 6.48  H 6.59  L 6.46  C -1.37%  R 7.64 – 5.11  Y +5.68%

Loncin    P 8.34  H 8.42  L 8.27  C +0.24%  R 11.06 – 6.28  Y +10.67%

Linhai    P 5.29  H 5.35  L 5.28  C -0.56%  R 6.59 – 4.42  Y -3.47%

CHINA (Hong Kong dollar)

Jianshe    P 5.75  H 5.77  L 5.63  Change +1.95%  R 6.80 – 5.16  Y N/A  

Guangzhou Auto    P 10.44  H 10.64  L 10.34  C +1.16%  R 10.94 – 5.59  Y +80.09%

Notes: Qianjiang owns both the exported Keeway brand and the formerly Italian Benelli brand. Qingqi is a Suzuki JV partner, a Peugeot scooter contractor and also makes bikes under its own brand and the Sinnis brand. Zongshen produces own-brand bikes and proprietary engines, and has JV partnerships with Piaggio, producing scooters, and Harley-Davidson, making parts. Sundiro is the biggest Honda JV bike partner in China. Jialing makes and exports own-brand bikes using Honda licensed technology and is a Honda JV power products partner. Lifan makes and exports own-brand bikes, and distributes MV Agusta products 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.
 

VIETNAM (Hong Kong dollar)

VMEPH    P 0.57  H 0.58  L 0.57  C N/A  R 0.95 – 0.45  Y –22.97%

Notes: Vietnam Manufacturing & Export Processing Holdings is the third-largest Vietnamese scooter and motorcycle manufacturer. It is a JV partnership with Taiwanese brand SYM. VMEPH is headquartered in Hong Kong and listed on both the HK and Taipei stock exchanges.
 

TAIWAN (Taiwanese dollar)

Sanyang    P 44.80  H 44.80  L 43.30  C -0.22%  R 52.50 – 16.75  Y +154.66%

Notes: Sanyang Industry is the leading Taiwanese powered two-wheeler manufacturer through its widely-exported SYM brand.
 

MALAYSIA (ringgit)

Oriental Holdings    P 8.76  H 8.76  L 8.60  C +1.04%  R 10.64 – 7.71  Y +11.08%

Hong Leong    P 5.19  H 5.21  L 5.19  C N/A  R 5.80 – 3.98  Y +14.39%

Notes: Oriental Holdings is a Honda JV partner. Hong Leong Industries is a Yamaha JV partner and former owner of the German MZ concern.
 

INDONESIA (rupiah)

Astra    P 6600  H 6800  L 6600  C -1.49%  R 8300 – 5100  Y -12.81%

Notes: Astra International is a Honda JV partner.
 

SOUTH KOREA (won)

S&T    P 454  H 457  L 448  C -0.44%  R 599 – 414  Y -11.33%

Daelim    P 93,700  H 94,900  L 92,900  C +0.75%  R 110,000 – 68,600  Y +37.2%

Notes: S&T manufactures Hyosung-branded bikes and ATVs, exporting to the US, Europe including the UK and elsewhere. Daelim Industrial is a diversified conglomerate which retains a controlling 59 per cent stake in Daelim Motor, the largest motorcycle and scooter manufacturer in Korea.