08 November – motorcycle industry share price guide

A snapshot of global bike and ATV industry share performance at the trading week closure on Friday 8 November 2013.

As anticipated by BDN’s On the Money columnist a couple of months ago, US investor enthusiasm for Polaris Industries stock has begun to wane in the aftermath of its Indian Motorcycles relaunch. The share price, which has lost three per cent in the past week, has now fallen by just over seven per cent since a recent all-time peak of almost 137 bucks.

In Japan, all four of the big bike brands suffered a weekly slide but Yamaha rebounded sharply on Friday by 3.2 per cent, following release on the previous day of half-decent financial results which evidently out-performed analyst expectations.

As for China’s lacklustre markets, a stock to watch is Benelli and Keeway brand owner Qianjiang, trading on the Shenzhen bourse. It has now surged up to a positive annual return of more than 20 per cent, against a background of almost every other listed Chinese bike manufacturer remaining mired in distinctly negative territory.                       

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

USA (US dollar)

Harley-Davidson    P 64.26  H 64.26  L 63.12  C +1.13%  R 66.59 – 44.48  Y +43.91%

Polaris    P 127.13  H 127.82  L 126.53  C +0.71%  R 136.90 – 78.83  Y +55.89%

Arctic Cat    P 51.89  H 52.25  L 51.37  C +0.76%  R 61.13 – 32.12  Y +48.73%

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

Viper    P 0.025  H N/A  L N/A  C N/A  R 0.295 – 0.001  Y -90%

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 28.11  H 28.30  L 28.10  C -0.11%  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 81.648  H 82.14  L 80.43  C -0.25%  R 84.20 – 61.57  Y +31.69%

Piaggio    P 2.208  H 2.23  L 2.152  C +0.36%  R 2.23 – 1.795  Y +22.39%

KTM    P 60.00  H 60.00  L 59.50  C N/A  R 62.00 – 43.01  Y +41.28%

VW    P 183.52  H 185.00  L 181.00  C -0.26%  R 186.50 – 131.30  Y +30.21%

Notes: Volkswagen is the owner of Ducati Motor Holding
 

INDIA (rupee)

Hero    P 2092.50  H 2114.70  L 2078.05  C -0.96%  R 2150.00 – 1434.05  Y +13.13%

Bajaj    P 2065.90  H 2109.90  L 2055.50  C -1.68%  R 2229.00 – 1656.00  Y +14.22%

TVS    P 49.45  H 50.20  L 49.00  C -0.2%  R 52.70 – 28.10  Y +34.91%  

Eicher    P 4135.95  H 4250.00  L 4059.00  C +2.9%  R 4250.00 – 2280.05  Y +66.41%

Mahindra    P 878.60  H 898.50  L 870.10  C -2.16%  R 1025.87 – 740.15  Y -1.95%

Maharashtra    P 411.80  H 415.00  L 398.15  C +3.07%  R 555.00 – 305.00  Y +14.35%

Scooters India    P 17.00  H 17.00  L 17.00  C N/A  R 42.05 – 13.50  Y -36.33%

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 205.20  H 205.20  L 205.20  C -1.35%  R 228.00 – 106.00  Y N/A

Pak Suzuki    P 122.50  H 123.90  L 121.90  C +0.08%  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 3870  H 3885  L 3840  C -0.77%  R 4405 – 2342  Y +65.7%

Yamaha    P 1453  H 1475  L 1397  C +3.2%  R 1825 – 721  Y +96.60%

Suzuki    P 2349  H 2402  L 2335  C -4.82%  R 2919 – 1741  Y +34.95%

Kawasaki    P 389  H 392  L 386  C -1.27%  R 437 – 161  Y +131.25%
 

CHINA (yuan)

Qianjiang    P 4.58  H 4.67  L 4.51  C -1.51%  R 5.75 – 3.72  Y +20.73%

Zongshen    P 4.43  H 4.67  L 4.39  C -4.94%  R 6.18 – 4.35  Y -23.66%  

Sundiro    P 3.74  H 3.81  L 3.71  C -1.84%  R 5.29 – 3.37  Y -22.8%

Jialing    P 3.02  H 3.06  L 2.90  C -0.33%  R 4.68 – 2.53  Y -2.89%  

Lifan    P 6.32  H 6.52  L 6.31  C -1.4%  R 7.64 – 5.11  Y -0.84%

Loncin    P 8.34  H 8.73  L 8.25  C -4.14%  R 11.06 – 6.28  Y +18.72%

Linhai    P 5.24  H 5.43  L 5.21  C +1.35%  R 6.59 – 4.42  Y 6.29%

CHINA (Hong Kong dollar)

Jianshe    P 5.60  H 5.64  L 5.52  Change -0.88%  R 6.80 – 5.16  Y N/A  

Guangzhou Auto    P 9.16  H 9.48  L 9.14  C -3.48%  R 10.00 – 4.98  Y +78.37%

Notes: Qianjiang owns both the exported Keeway brand and the formerly Italian Benelli 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 0.56  H 0.56  L 0.55  C N/A  R 0.95 – 0.45  Y –32.53%

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 47.90  H 48.25  L 45.75  C -0.21%  R 52.50 – 16.75  Y +153.8%

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

MALAYSIA (ringgit)

Oriental Holdings    P 8.86  H 8.88  L 8.86  C N/A  R 10.64 – 7.71  Y +14.81%

Hong Leong    P 5.20  H 5.20  L 5.20  C N/A  R 5.80 – 3.98  Y +14.61%

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 6700  H 6750  L 6600  C N/A  R 8300 – 5100  Y -11.49%

Notes: Astra International is a Honda JV partner.
 

SOUTH KOREA (won)

S&T    P 444  H 453  L 442  C -1.99%  R 599 – 414  Y -19.57%

Daelim    P 96,700  H 97,400  L 95,400  C +0.82%  R 110,000 – 66,900  Y +36.62%

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.